According to the consultancy, Qatar’s property market is showing a strong recovery, picking up steam after a period of low activity following the 2022 FIFA World Cup. In particular, Doha, Al Daayan and Al Wakrah are leading the way in terms of transaction volume, with Doha alone recording QR3.85 billion in transactions, up 126% year-on-year, while Al Daayan and Al Wakrah saw growth of 164% and 127% respectively. In terms of residential property, apartment sales prices increased by 3.5% year-on-year to QR13,270 per sq m, with the highest prices recorded in the Waterfront area of Lusail and Viva Bahriya on Pearl Island. Meanwhile, villa prices fell 4% year-on-year to QR6,745 per sq m, with the most expensive in Abu Hamour and the most affordable in Al Wukair.
The residential land segment also saw strong growth, reaching QR2.16 billion in sales across 598 transactions, up 85% year-on-year, with Umm Salalem leading the way (218%). Faisal Durrani, Partner and Head of MENA Research, attributes this positive momentum to easing pressures from high interest rates and oversupply, rising investor confidence, a slowdown in new construction and ongoing infrastructure investment, particularly in Lusail, setting the stage for market stability in the short to medium term. According to Knight Frank, Qatar’s office market has shown relative stability over the past 12 months, driven by robust demand from the public sector and a growing need for high-quality, modern space. Average rents for Grade A offices are QR82 per square metre per month. Lusail stands out, with prime office rents up 3.5% year-on-year to reach an impressive QR115 per square metre in some areas, while prime offices in West Bay continue to command up to QR109 per square metre.
Adam Stewart, Partner and Head of Client Services at Knight Frank in Qatar, highlights that Lusail is cementing its position as a next-generation business district with integrated residential and retail offerings. He predicts continued strong demand for buildings that meet green certification standards, support hybrid working models and offer smart building technologies. This trend reflects global preferences for ESG-compliant office space and is likely to widen the efficiency gap between modern and legacy office space in Doha’s business environment.
The residential land segment also saw strong growth, reaching QR2.16 billion in sales across 598 transactions, up 85% year-on-year, with Umm Salalem leading the way (218%). Faisal Durrani, Partner and Head of MENA Research, attributes this positive momentum to easing pressures from high interest rates and oversupply, rising investor confidence, a slowdown in new construction and ongoing infrastructure investment, particularly in Lusail, setting the stage for market stability in the short to medium term. According to Knight Frank, Qatar’s office market has shown relative stability over the past 12 months, driven by robust demand from the public sector and a growing need for high-quality, modern space. Average rents for Grade A offices are QR82 per square metre per month. Lusail stands out, with prime office rents up 3.5% year-on-year to reach an impressive QR115 per square metre in some areas, while prime offices in West Bay continue to command up to QR109 per square metre.
Adam Stewart, Partner and Head of Client Services at Knight Frank in Qatar, highlights that Lusail is cementing its position as a next-generation business district with integrated residential and retail offerings. He predicts continued strong demand for buildings that meet green certification standards, support hybrid working models and offer smart building technologies. This trend reflects global preferences for ESG-compliant office space and is likely to widen the efficiency gap between modern and legacy office space in Doha’s business environment.
Qatar’s hotel sector demonstrated robust growth in the first half of 2025, adding 718 new rooms to reach a total supply of 41,463 units, with around 60% of these units managed by international brands. Over the past 12 months, occupancy rates increased by 0.3% to 70.7% and, despite a marginal 0.2% decline in average daily rates (ADR) to QR454, revenue per available room (RevPAR) increased by 2.9% to QR321. Osama El Kadiri, Partner and Head of Hospitality, Tourism and Leisure Advisory, noted that occupancy growth, driven by demand from regional and business travellers, is set to continue as supply continues to increase. Anticipated events such as Art Basel in 2026 and Formula 1 Qatar in November 2025, as well as the expansion of air travel, will contribute to the growth of international tourism. The country is actively diversifying its tourism experience by offering luxury shopping, cultural hubs such as Msheireb and Katara, and actively promoting conferences and exhibitions, which is strengthening Qatar’s position as an international hospitality hub. This is supported by a significant increase in visitor numbers, up 24.6% in 2024 to 5.05 million.
In the retail sector, the highest rents remain in the luxury retail segment (QAR 272 per sq m per month), while in the F&B segment, they reached QAR 231 per sq m per month. While new retail developments in Lusail, Msheireb and Doha Port have increased competition, Knight Frank stresses that future rental growth will depend on operators’ ability to respond to changing consumer preferences, growing demand for mixed-use spaces, pedestrian areas and effective public space management.
In the retail sector, the highest rents remain in the luxury retail segment (QAR 272 per sq m per month), while in the F&B segment, they reached QAR 231 per sq m per month. While new retail developments in Lusail, Msheireb and Doha Port have increased competition, Knight Frank stresses that future rental growth will depend on operators’ ability to respond to changing consumer preferences, growing demand for mixed-use spaces, pedestrian areas and effective public space management.