卡塔尔房地产市场回顾2024-25冬季

Average villa sale prices02,0004,0006,0008,00010,000Abu HamourAl ThumamaAl DafnaWest BayLagoonQAR psmAverage apartment sale prices02,0004,0006,0008,00010,00012,00014,00016,000The WaterfrontViva Bahriyah, The PearlIslandQanat Quartier, ThePearl IslandQAR psmRESIDENTIAL SALES MARKET•The Qatar residential market experienced a 5% year-on-year decline in both villa and apartment prices,reflecting evolving market dynamics and a shift in buyersentiment. Despite the decline, prime locations continueto command and hold high values, supported by steadydemand for premium high-end homes.•Abu Hamour recorded the highest villa prices at QAR8,587 psm, driven by its smaller unit sizes and communityappeal. Al Thumama (QAR 7,500 psm) and Al Kheesa(QAR 7,000 psm) remain key mid-tier villa locations,offering competitive pricing. Meanwhile, Al Wakair (QAR5,600 psm) and Al Kharaitiyat (QAR 5,807 psm) presentmore affordable options.•Apartment prices declined 5% year-on-year, averagingQAR 12,625 psm at the end of 2024. Qanat Quartier(QAR 13,977 psm) and The Waterfront (QAR 14,300 psm)recorded the highest prices, driven by strong demand forluxury waterfront living. The Marina District (QAR 13,600psm) remains a prime location, attracting both investorsand end-users, while Porto Arabia and The Pearl Island(QAR 11,834 psm) offer more affordable options withinThe Pearl.•Mortgage activity has increased, with Q4 2024 recording294 transactions valued at QAR 24.8bn, a 168% jump year-on-year,signaling perhaps opportunistic refinancingactivity as interest rates declined from 6.25% in Januaryto 5.1% in December last year.Residential Market Average villa lease ratesQAR per month05,00010,00015,00020,00025,00030,000West Bay LagoonAl Waab3-bed4-bed5-bedAverage apartment lease ratesQAR per month1-bed2-bed3-bed02,0004,0006,0008,00010,00012,00014,00016,00018,000The PearlRESIDENTIAL LEASING MARKET•The Qatar residential rental market remains resilient,with premium locations maintaining strong lease values.However, there have been some declines in villa rentalrates.•Average villa rental rates declined by 2.6% during 2024,averaging QAR 15,875 per month. Despite the overalldecrease,premium locations continue to commandstrong rents.•West Bay Lagoon maintains the highest villa rents, with5-bedroom homes averaging QAR 28,850 per month. Qatar Real Estate Market ReviewSource: Knight FrankAl KheesaAl KharaitiyatAl WakairSource: Knight FrankMarina DistrictPorto Arabia, The PearlIsland 3Source: Knight FrankAin KhaledAl GharrafaAbu HamourUmm SalalMohammedSource: Knight FrankThe WaterfrontMarina districtFox hills•The apartment rental market remained stable last year,with an average rent of QAR 7,990 per month. Premiumlocations continue to attract high rental demand.•The Pearl leads the market, with 3-bed apartmentsaveraging QAR 15,721 per month, driven by its luxuryappeal and waterfront location. More affordable optionsare available in Fox Hills, where 1-bed apartments rentfor QAR 5,113 per month, making it a budget-friendlyalternative to prime locations.•Villa rents are expected to stabilise in prime areas, whilesecondary locations may see further price adjustmentsdue to softer demand. Apartment rentals remain strongin luxury developments like The Pearl and West Bay, withsteady demand and occupancy. NuaijaWest Bay •As of the end of 2024, Qatar’s total supply of qualityhotel rooms stood at approximately 40,755 keys, withinternationally branded properties accounting for 60%of this inventory.•The total number of visitors to Qatar reached 5.08 millionin 2024, reflecting a 25% increase compared to the 4.05million visitors recorded in 2023. December alone saw594,079 visitors, marking a 14.6% year-on-year rise. Thissurge underscores Qatar’s growing appeal as a tourismdestination, driven by enhanced infrastructure, globalevents, and continued investments in hospitality andleisure sectors.•As a result of the increased influx of tourists, the hotelperformance indicators in Qatar improved steadily in2024. Average Daily Rates (ADR), for instance, increasedby 7.9% to QAR 441, while average occupancy levelsincreased by 19.1% to 68.8%. As a result, the Revenue PerAvailable Room (RevPAR) grew by 28.5% to QAR 304.Hospitality Market PerformanceHospitality MarketADR: y/y % changeOCCUPANCY: y/y % change7.9%IQAR 44119.1%I68.8% OFFICE MARKET•The Qatar office market experienced a 2.3% decline inGrade A office rents over the past 12 months, bringingthe average monthly rental rate to QAR 90 psm. Thisdecline reflects a shift in demand dynamics, influencedby factors such as new supply, corporate consolidations,and evolving corporate occupational strategies.•Demandremains strong in prime districts such asMsheireb Downtown and West Bay, where governmentleases and corporate expansions are tightening availableoffice supply.•West Bay-Prime continues to command the highestrental rates at QAR 105 psm per month, maintaining itsposition as Qatar’s premier office destination. MarinaDistrict fo