Business Monitor International


Qatar Real Estate Report

Published 14 February 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: We believe that the real estate sector in Qatar will remain relatively stable, with small increases in rental rates found in Doha and Al Wakra. Rental rates and net yields remained mostly static in 2013 with little change from 2012, but we believe 2014 will flourish due to further international and government investment.

Qatar's commercial real estate and construction segments will be among the clear outperformers in the Middle East in the future, bolstered by the Vision 2030 and World Cup projects. The country is also going to be buttressed by a business environment that has drawn all the major engineering, services, banking and real estate Gulf and Middle East players to the market. As such, we believe that fundamentals for growth in the sub-sector remain strong, but as we have previously highlighted, development will likely be slower than previously expected.

The 2022 World Cup presents an obvious bonanza for the sector, although it stands to reason that much growth will be organic Qatari demand, as flows of retail-minded tourists are more likely to be directed to the UAE (primarily Dubai). The prospects of significant growth have already led to major development, and have left Qatar oversupplied. This will change over time as demand remains steady, filling this space and increasing rental rates.

In spite of seeming overwhelming optimism for the market, it is not without its hurdles. In particular, the market dynamics of the office sector have the potential for oversupply to become a dominant trend as with other states in the region. In addition, Qatari dependence upon the hydrocarbons sector has the potential to result in an uninspiring industrial real estate sector without diversification.

The office sector in Qatar continues to benefit from the country's status as a locale for international conferences and sporting events, as well as the strength of the hydrocarbon industry. Many international investors see Doha as another Dubai-like city in...

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: Forecast Rents - QAR/Square Metre/Month
14
Table: Forecast Net Yield, 2011-2018 (%)
15
Retail
15
Table: Forecast Rents - QAR/Square Metre/Month
15
Table: Forecast Net Yield, 2011-2018 (%)
16
Industrial
16
Table: Forecast Rents - QAR/Square Metre/Month
17
Table: Forecast Net Yield, 2011-2018 (%)
17
Construction And Infrastructure Forecast Scenario
17
Table: Qatar Construction And Infrastructure Industry Data, 2011-2016
17
Table: Qatar Construction And Infrastructure Industry Data, 2017-2022
18
Macroeconomic Forecasts
24
Table: Qatar - Economic Activity
31
Industry Risk Reward Ratings
32
Middle East And Africa Risk/Reward Ratings
32
Table: Middle East And Africa Real Estate Risk/Reward Ratings
32
Qatar Risk/Reward Ratings
32
Rewards
32
Risks
33
Market Overview
35
Tourism: New Opportunities-
36
Doha
37
Al Khor
37
Al Wakra
37
Office
38
Table: Terms Of Rental Contract/Leases - 2013
38
Table: Historic Rents - 2012-2013 (QAR per m2/month)
39
Table: Net Yield, 2012-2013(%)
39
Retail
40
Table: Terms Of Rental Contract/Leases - 2013
41
Table: Historic Rents - 2012-2013 (QAR per m2/month)
41
Table: Net Yield - 2012-2013 (%)
42
Industrial
42
Table: Terms Of Rental Contract/Leases - 2013
42
Table: Historic Rents - 2012-2013 (QAR per m2/month)
43
Table: Net Yield, 2012-2013 (%)
43
Competitive Landscape
44
Company Profile
46
Qatari Diar Real Estate Investment
46
Ezdan Real Estate
48
United Development Company
50
Demographic Forecast
52
Table: Qatar's Population By Age Group, 1990-2020 ('000)
53
Table: Qatar's Population By Age Group, 1990-2020 (% of total)
54
Table: Qatar's Key Population Ratios, 1990-2020
55
Table: Qatar's Rural And Urban Population, 1990-2020
55
Methodology
56
Industry Forecast Methodology
56
Sources
57
Risk/Reward Ratings Methodology
57
Table: Real Estate Risk/Reward Ratings Indicators
59
Table: Weighting Of Indicators
60

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

Executive Summary

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-2017 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 Ratings

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

The ratings 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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