RIYADH: Qatar’s residential real estate market logged 5.9 billion Qatari riyals ($1.62 billion) in home sales during the third quarter of 2025, a 43 percent jump from a year earlier, an analysis showed.
In its latest report, real estate consultant Knight Frank said overall sales values fell from 9 billion riyals in the second quarter, highlighting a moderation after a sharp surge earlier in the year.
Still, year-to-date residential transactions reached 197.4 billion riyals, underscoring continued momentum in the market.
The growth of Qatar’s real estate sector mirrors a broader trend across the Gulf Cooperation Council, where countries including Saudi Arabia are positioning themselves as business and tourism hubs under wider economic diversification plans.
Quarter on quarter, residential transaction value fell 34.4 percent in the July to September period.
Faisal Durrani, partner, head of research, Middle East and North Africa at Knight Frank, said: “While there has been a slowing in transactional activity during the third quarter, the underlying drivers for residential demand in Qatar remain robust.”
According to him, a key indicator for this is the reduction in the contribution of the construction sector to gross domestic product, which stood at 11.3 percent at the end of 2024; down from 13.4 percent in 2021.
He added: “The sector’s growth was catalyzed by $300bn in spending in the decade leading up the 2022 FIFA World Cup, but that is now abating, highlighting the diversified nature of the economy and that the drivers of growth and demand for real estate are shifting.”
Durrani noted that demand for residential real estate is concentrated in completed communities, or locations offering a waterfront or lifestyle-led environment.
He added that developers in Qatar are turning to incentives — including extended payment plans and property registration fee waivers — to sustain and stimulate demand.
Knight Frank said the total number of residential sales in Qatar rose 57 percent year on year in the third quarter to reach 1,682.
Doha dominated activity, recording 559 transactions worth 2.2 billion riyals, a 43 percent rise year on year.
Al Rayyan followed with 378 deals totalling 1.83 billion riyals in the third quarter, marking a 61 percent rise compared with the same period in 2024.
Al Daayen posted the strongest growth, with transaction volumes up 118 percent between July and September, supported in part by developer-led incentives in Lusail’s emerging precincts.
“Flexible payment plans, and government moves to boost home ownership and freehold investment are having a positive impact on the market,” said Adam Stewart, partner, head of Qatar at Knight Frank.
He added: “For instance, several new residential projects in Lusail are now offering seven-year, 0 percent instalments, while residency eligibility begins with property purchases of 730,000 riyals.”
