Al Asmakh Real Estate Development Company: Projects in Lusail and The Pearl-Qatar boost real estate market growth.
The growing residential supply is reshaping market competition, pushing older properties to upgrade to meet evolving market demands.

A report by Al Asmakh Real Estate Development Company stated that the real estate market in Qatar continues to benefit from strong spending on development and infrastructure projects this year, supporting market momentum and sustained growth across its segments.

The report highlighted that this activity is positively impacting the construction sector, particularly residential projects, with several developments expected to be delivered in 2026, especially in key areas such as Lusail City and The Pearl-Qatar. This is expected to enhance the market’s ability to meet future demand across residential, commercial, and leisure sectors.

It also noted that the continued issuance of tenders and awarding of contracts within major development projects is improving the performance of Qatari companies and opening broader opportunities for investment partnerships across various sectors, including real estate, services, finance, retail, and tourism.

The report added that Qatar’s ongoing efforts toward economic diversification are progressing steadily, with the real estate and construction sectors playing a central role by driving service sector growth and creating new investment and employment opportunities.

Furthermore, the market is witnessing a noticeable increase in supply, particularly in the residential segment, with a large number of new buildings being delivered alongside continued infrastructure development plans.

The report pointed out that this growing supply will reshape competition, as older properties with limited facilities may face increasing challenges in maintaining occupancy rates, prompting owners to upgrade and modernize their assets.

It emphasized that the diversity of real estate offerings, both residential and commercial, along with varying quality levels and services, provides tenants with greater flexibility and reflects the market’s maturity and development.

On weekly performance, the report indicated a decline in real estate transaction values compared to the previous week due to the Eid al-Fitr holiday. According to data from the Real Estate Registration Department at the Ministry of Justice, 20 transactions were recorded between March 15 and 16, with a total value exceeding QAR 83.1 million.