Qatar real estate market sees 2.92% price drop in Q3 2023

Posted on October 20, 2023

The real estate price index in Qatar recorded a 2.92% decline during Q3 2023.

Qatar's real estate market is grappling with price fluctuations following the conclusion of the FIFA World Cup. 

This event led to an oversupply of over 100,000 residential units and more than 4.5 million square meters of commercial and service properties.

Inflation data for Qatar in September showed a 0.7% contraction in housing, electricity, and water prices, marking the first decline in 29 months.

Loans and credit allocated to the real estate sector at the end of the previous month totaled approximately 174 billion Qatari riyals, constituting 20% of the total loan portfolio for banks operating in Qatar.