Qatar Records 114% Annual Jump in Residential Transactions in Q2: Knight Frank

Qatar saw a robust 114% year-on-year increase in residential transactions in the second quarter (Q2), indicating growing confidence among investors on resilient performance across the country’s real estate sector, according to Knight Frank, a global property consultancy.

In its latest Qatar real estate market review, Knight Frank said both transaction volumes and values in the residential sector posted strong year-on-year growth.

There were 1,844 residential sales in Q2-2025, totalling QR9.23bn, representing a 114% increase compared with the same period last year.

"Momentum in Qatar’s residential market is building again following a period of subdued activity after the 2022 FIFA World Cup," said Faisal Durrani, Partner – Head of Research, Middle East and North Africa, Knight Frank.

Doha, Al Daayen and Al Wakra were among the best-performing municipalities: Doha alone recorded QR3.85bn of transactions, up 126% year-on-year, while Al Daayen and Al Wakra posted increases of 164% and 127%, respectively.

In terms of property values, the apartment sector led the way, with average sales prices increasing by 3.5% year-on-year to QR13,270 per sq m, the report said.

The most expensive apartments were located in Lusail’s Waterfront district (QR15,131 per sq m) and Viva Bahriya on The Pearl Island (QR14,987 per sq m).

At the other end of the market, Porto Arabia registered the lowest average apartment price at QR11,696 per sq m, offering relatively accessible options in a prime waterfront setting.

Villas saw a slight dip in values, with average prices down 4% year-on-year to QR6,745 per sq m. Among the key districts, Abu Hamour recorded the highest average villa price at QR8,434 per sq m, while Al Wukair remained the most affordable option at QR5,667 per sq m.

The residential land segment also experienced robust growth during Q2-2015, Knight Frank said.

Renewed investor interest in land plots, driven by good long-term development prospects and relative affordability in emerging areas, delivered sales totalling QR2.16bn across 598 deals, up 85% year-on-year.

Significant gains were observed in Umm Salal, where volumes increased by 218%, followed by Doha (134%) and Al Wakra (102%).

"The increase in transaction volumes, rising apartment values, and strong land sales activity suggest growing confidence among investors and end-users," it said.

While challenges such as high interest rates and legacy oversupply remain, it said Q2 has seen a positive shift in Qatar’s residential market dynamics.

As the flow of new stock slows and infrastructure investments continue, particularly in Lusail and surrounding zones, "we anticipate a gradual recovery in the medium term, notwithstanding any potential impact from the regional tensions in late June, which may yet materialise in the data over the summer months," it said.

Longer term, with plans underway by the authorities to submit a bid for the 2036 Summer Olympic Games, there may yet be further national infrastructure investment, which will sustain economic growth over the medium to long term and inject additional positive momentum into the economy.