Despite the emergence of more challenging regional and global economic conditions, Qatar’s real estate sector performed reasonably well last year, and it appears to remain on course for the rest of 2016 and beyond. The Edge Property Review analyses the performance of Qatar’s property sector in detail, highlighting some of the key segments such as commercial, residential, retail and hospitality.
Amid challenging economic conditions that have impacted a number of regional property markets, Qatar’s real estate sector has managed to stay on course albeit some level of slowdown witnessed in commercial segment. The Qatari property sector’s minimal reliance on foreign investors – as only a handful of projects are open to non-Qatari investors – has possibly played a key role in subduing the impacts of currency weakening and economic slowdown in some of the source markets. However, the prevailing low oil prices have had an impact on Qatar’s commercial segment, which is mainly driven by occupiers from the government and hydrocarbon sectors.
