Qatar Plans 6000+ Residential Units in Pipeline for 2024 Development

Qatar Plans 6000+ Residential Units in Pipeline for 2024 Development

Post by : Elena Malik

In Doha, Qatar, there's a surge in demand for residential properties, with many new projects slated for development in 2024. According to Anum Hassan, head of the Research team at ValuStrat, rents saw a 7% annual decrease by the end of 2023, stabilizing in Q4. Over 6,000 units are expected in 2024, primarily apartment buildings.

Post-FIFA, Qatar experienced a fluctuation in the residential market, witnessing a decline in rental prices nationwide. Following the conclusion of the World Cup 2022, occupancy dropped significantly in the first half of 2023, leading to a 5% YoY decrease in rents compared to Q2 2022. However, a slowdown in residential supply growth and increased demand in the latter half of the year mitigated the rental decrease.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel

Doha remains a top choice for living due to its proximity to business and financial centers. Premium locations in the city are preferred, with residential projects being absorbed within 3-6 months. Conversely, the lack of new villa constructions in recent years has contributed to high occupancy and stable rentals in villa complexes across Qatar.

The residential sales market experienced a decline in transaction volume in 2023, signaling a slowdown. Changes in mortgage regulations are expected to stimulate activity in the medium term.

ValuStrat's quarterly report for Q4 2023 noted stability in the market but a 1.7% annual decline to reach 64.1 points, based on a 100-point index set in Q1 2016. Average capital values of apartments remained stable quarter-on-quarter but decreased by 2% year-on-year, with prices in prominent areas like The Pearl Island, Lusial, and West Bay Lagoon remaining steady compared to previous quarters.

Meanwhile, Mordor Intelligence forecasts a compound annual growth rate of 6.24% for the Qatar residential real estate market, with the sector valued at $4.28 billion in 2024.

April 20, 2024 1:40 p.m. 5720

#trending #latest #QatarRealEstate #ResidentialProperties #PropertyMarket #DohaLiving #RealEstateTrends #PropertyDevelopment #HousingMarket #RentalTrends #PropertyInvestment #UrbanDevelopment #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxb news networkdnn

Inside the Majlis The Heart of UAE Culture Where Coffee Meets Wisdom
June 13, 2025 6:13 p.m.
Discover the Majlis, where UAE culture and tradition unite
Read More
18th Homelife and AES Expo Ends on a High Note at Dubai World  Trade Centre
June 13, 2025 5:58 p.m.
The 18th Homelife & AES Expo 2025 in Dubai wrapped up successfully, uniting global brands in home, electronics & lifestyle
Read More
Lava Unveils Budget 5G Storm Play & Storm Lite Under ₹10,000
June 13, 2025 4:19 p.m.
Lava has launched its Storm Play and Storm Lite 5G smartphones starting at ₹7,999 and ₹9,999. Both pack 6.75″ 120 Hz screens, Dimensity chipsets, 50 MP cameras,
Read More
Siddhant Chaturvedi and Chae Soo-bin Star in Ad That Feels Like a K‑Drama‑Bollywood Dream
June 13, 2025 4:29 p.m.
Siddhant Chaturvedi and Korean star Chae Soo-bin have teamed up for a new commercial that has social media buzzing. With charming visuals and heartfelt vibes, f
Read More
H&H Launches Eden House Za’abeel in DIFC, Redefining Luxury Living
June 13, 2025 4:40 p.m.
H&H has introduced Eden House Za’abeel in Dubai’s DIFC, offering 1‑3 bedroom apartments and premium penthouses. Designed by DXB Lab and Tristan Auer, the develo
Read More
The Biggest Shocking Truth About Olympic Gold Medals You Never Knew
June 13, 2025 5:01 p.m.
Olympic gold medals are mostly silver, not solid gold
Read More
UAE Worship Places Hold Silent Prayers for Ahmedabad Air India Crash Victims
June 13, 2025 3:38 p.m.
Mosques, temples, and churches throughout the UAE joined in prayer and silent tribute for the victims and survivors of the Ahmedabad Air India crash. Indian exp
Read More
Preparation for the 18th Edition of the Homelife and AES Expo Begins at Dubai World Trade Centre
June 11, 2025 4:08 p.m.
Discover the latest in home, appliances & electronics at the 18th Homelife & AES Expo in Dubai, June 11–13, 2025. Connect, innovate, and grow your business
Read More
Samsung Confirms Galaxy Z Fold 7 as Thinnest, Lightest Foldable Yet
June 13, 2025 3:29 p.m.
Samsung has officially teased the Galaxy Z Fold 7, confirming it's set to be their thinnest and lightest foldable phone yet. Expected in July with Snapdragon 8
Read More
Sponsored
https://markaziasolutions.com/
Trending News