Business Monitor International


Qatar Real Estate Report

Published 30 October 2014

  • 60 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Qatar Real Estate Report

BMI View:   The real estate market in Qatar continues to prosper with the massive growth occurring in the tail end of 2014. As we look into 2015 our positive outlook for the economy over 2015 supports our view that investment will remain strong in the real estate sect, which should only increase in the longer term as the country a boost in real estate expenditure as it prepares for the world cup in 2022.

While Qatar's real estate sectors falls in the shadow of some its more prosperous neighbours such as UAE, developments such as the 2020 world cup and 2030 vision programme auger well for the real estate market in Qatar. For the most part commercial real estate in Qatar relate to its main cities Al Khor Al Wakra and Doha, however there has been significant plans from the Qatar government to improve real estate in other areas of the country. Forexample, they plan to spend 45BnUSD on real estate development in Lusail city.

In term of its actual population Qatar is quite small recording just over 2mn people last year. However the population is incredibly wealthy and in terms of per capita income it is one of the richest countries in the world. The affluent nature of the population along with a growing tourist sector has seen a growth in demand for modern retail facilities, particularly for luxury good outlets. This has led to the development to many shopping malls including mall Qatar which will open in 2015 at a cost of 84mn USD. This demand for retail properties will more than likely continue in the mid to long term and it should remain the fastest growing of all real estate sub sectors.

Along with the ongoing infrastructure developments in preparation for the World Cup, the vision 2030 project should result in a large growth for commercial real estate going forward especially in the key commercial regions such as Doha. Doha has now become a key financial hub in the Gulf and this has seen a surge in demand for commercial office space in the city. The office...

Table of Contents

BMI Industry View
7
SWOT
9
Political SWOT
11
Economic SWOT
12
Business Environment SWOT
13
Industry Forecast
14
Office
14
Table: Office Forecast Rents - USD/sq m/month
15
Table: Office Short-Term Net Yield Forecast (%)
15
Table: Office Medium-Term Net Yield Forecast, 2011-2018 (%)
16
Retail
16
Table: Retail Forecast Rents - USD/sq m/month
16
Table: Retail Short-Term Net Yield Forecast (%)
17
Table: Retail Medium-Term Net Yield Forecast, 2011-2018 (%)
17
Industrial
17
Table: Industrial Forecast Rents - USD/sq m/month
18
Table: Industrial Short-Term Net Yield Forecast
18
Table: Industrial Medium-Term Net Yield Forecast, 2011-2018 (%)
18
Construction And Infrastructure Forecast Scenario
19
Table: Construction And Infrastructure Industry Data (Qatar 2012-2017)
19
Table: Construction And Infrastructure Industry Data (Qatar 2018-2023)
20
Macroeconomic Forecasts
25
Economic Analysis
25
Industry Risk Reward Ratings
35
Middle East And Africa Risk/Reward Ratings
35
Table: Middle East And Africa Real Estate Risk/Reward Ratings
35
Qatar Risk/Reward Ratings
36
Rewards
36
Risks
37
Market Overview
38
Tourism: New Opportunities-
38
Doha
39
Al Khor
40
Al Wakra
40
Office
41
Table: Terms Of Rental Contract/Leases - H213
41
Table: Historic Rents - 2012-2014 (USD/sq m/month)
42
Table: Net Yield, 2012-2013(%)
43
Retail
43
Table: Terms Of Rental Contract/Leases - H213
44
Table: Historic Rents - 2012-2013 (QAR/ sq m/month)
44
Table: Net Yield - 2012-2014 (%)
45
Industrial
45
Table: Terms Of Rental Contract/Leases - H213
45
Table: Historic Rents - 2012-2014 (USD/sq m/month)
46
Table: Net Yield, 2012-2014 (%)
46
Competitive Landscape
47
Company Profile
49
Qatari Diar Real Estate Investment
49
Ezdan Real Estate
51
United Development Company
53
Demographic Forecast
55
Table: Qatar's Population By Age Group, 1990-2020 ('000)
56
Table: Qatar's Population By Age Group, 1990-2020 (% of total)
57
Table: Qatar's Key Population Ratios, 1990-2020
58
Table: Qatar's Rural And Urban Population, 1990-2020
58
Methodology
59
Industry Forecast Methodology
59
Sources
60
Risk/Reward Ratings Methodology
60
Table: Real Estate Risk/Reward Ratings Indicators
62
Table: Weighting Of Indicators
63

The Qatar Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Qatar Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Qatar.

Key Benefits

  • Benchmark BMI's independent real estate industry forecasts for Qatar to test other views - a key input for successful budgeting and strategic business planning in the Qatari real estate market.
  • Target business opportunities and risks in Qatar through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.

Market Overview

Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.

Market Analysis

Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.

Industry Forecast Scenario

Historical data series (2010-2012) and forecasts to end-2018 for the domestic real estate industry and for the local and global finance industry. Indicators include:

Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%)

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$)

Business Environment Rankings

BMI's Real Estate Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (real estate vendors, construction companies and financial investors) in the regional real estate market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses.

The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc