Qatar’s real estate market enters 2026 on stable footing, says ValuStrat
Qatar’s real estate market is entering 2026 with a robust foundation, according to ValuStrat’s latest research, which indicates that further improvement is expected over the course of the year, supported by diversification initiatives, infrastructure expansion and sustained investment activity.
The research from ValuStrat tracks the long-term developments of the five main segments in the real estate landscape: residential, office, retail, hospitality and industrial.
Overall, Qatar’s market closed 2025 on a stable footing, with limited movement across most asset classes, except hospitality, which delivered strong momentum driven by tourism growth and a full events calendar. At the same time, performance across sectors continues to diverge by asset quality, tenant demand and supply pipeline dynamics. A round-up of the key results per segment:
Residential
The ValuStrat Price Index – the firm’s valuation-based indicator for market performance (covering over 90% of freehold locations) – for residential capital values was unchanged quarter-on-quarter in H2 2025, but improved by 1.1% year-on-year to 97.6 points, supported by a 1.3% rise in villa values.
The researchers said that demand remained focused on affordable villa communities, particularly the Ezdan developments, while renewed developer interest in Huzoom Lusail has reinforced sentiment following a prolonged period of constrained villa supply.
Total residential stock in Qatar reached 404,612 units by the end of H2 2025, including 255,959 apartments and 148,653 villas.
Offices
In the office rental market, there were early signs of stabilisation, with the ValuStrat Price Index holding steady over the half-year and rising 1% compared with Q4 2024. Performance continues to be shaped by the quality and occupancy profile of new developments, particularly projects pre-committed to government and multinational tenants relocating within Qatar.
Looking ahead, ValuStrat’s researchers said that elevated supply is expected to keep rental growth contained, with outcomes diverging by asset quality and tenant covenant strength.
Retail
Retail performance in the second half improved relative to the first, particularly within organised mall environments where only marginal adjustments were recorded. Prime malls continued to command premium rents selectively, while street retail in Lusail saw increased uptake from small businesses, although the sizeable pipeline may limit near-term growth
Looking ahead into 2026, ValuStrat expects stronger retail destinations to focus on international brands and experiential offerings, positioning the sector for moderate growth supported by new entrants such as Primark. Underperforming centres, meanwhile, are expected to compete more actively for anchor tenants to strengthen their footfall.
Hospitality
Tourism and hospitality in Qatar maintained its strong growth trajectory, with visitor arrivals increasing by 3.7% year-on-year. Two key metrics in the segment, Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR), improved by 7.2% and 11.5% on a half-yearly basis, respectively.
A full calendar of international events supported demand, and in 2026, that is expected to continue with an expanded events programme across sports, tourism, and culture.
Industrial
In the industrial segment, ambient warehouse rents stabilised in H2 2025, while cold storage rates increased slightly by 1.1%. Demand remains supported by LNG expansion, infrastructure logistics and e-commerce growth, sustaining occupancy in modern facilities.
Commenting on the report, Anum Hasan, Head of Research for Qatar at ValuStrat, said: “The outlook into 2026 remains differentiated: performance will increasingly be shaped by asset quality, tenant covenant strength and sector-specific demand drivers, alongside the pace of new supply.”
