The Overview

Qatar’s commercial real estate is segregated by sections comprising of offices, industrial logistics, retail, multi-family, and hospitality
As a matter of fact, Qatar's real estate market is one of the strongest pillars of the country's economy.
The key factors largely contributing to a country's economic progress are;

• Normalised regional (GCC) relations
• Getting the highest bid to host Asian Games 2022
• Proclamation of COVID-19 vaccine
• Rising competitiveness in properties
• New reformed policies for foreign exchange investors
• Evolution of the workplace

Covid-19 Affects:

The concept of work from home has taken over the way of working it used to be done before. People find it so comfortable that it's not hard to predict that hybrid workspace setup will become a routine even after Covid.
 But all is not gloom, the country is exhibiting an increase in demand for more offices in upcoming years, with almost 60 percent of the future projects are expected to be build in Lusail and the remaining projects would be accomplished in the different areas of the Qatar.

Progressive Role of Technology

The mushroom advancement in technology introduced specialized solutions in property management and the real estate market. The scope of technology has widely been expanded as it includes virtual viewings, online listings, valid and transparent information, and block chain transactions, and many more. Many agencies in commercial sectors are engaging these technology advancements for their daily ventures. For example, Artificial intelligence is a tool which will decrease the valuation process time up to 15 seconds and reduce the cost by 20%.
The same is going to happen in Qatar as the country will also take privileges of the technology in real estate in 2021. From real estate developers to brokers the country is in digital transformational mode, from remote viewings, rental platforms, digital contracts; this digital transformation is penetrating the Qatar real estate sector with promising progress in the future.

Demand of warehouses and data companies

With an increase in economic activity and import-export, there arises a huge need for warehouses. Due to this surge of demand, rents of the warehouses also raised by 5 percent in the second quarter in the country.
Hotel occupancy and ADRs were increased as compared to the previous year due to a boom in domesticated tourism which was adversely affected during Covid. It is expected that the FIFA event will be able to attract approximately 1.5 million fans, which may boost up hospitality occupancy in the country as there will be demand for more rooms. The current capacity of hotel rooms in Qatar is 26,500 but the country is expected to add 1500 more rooms by 2020.
Furthermore, the retail space growth is likely to grow by around 50 percent more by 2021 since the country is aiming at opening new malls in the coming years.
Operation ability of commercial units was decreased and dine-in was banned with rising COVID-19 cases at the start of the secret ND quarter of 2021. Nonetheless, these sanctions couldn't stop the safe recovery of the real estate market in Qatar. The transactions got swept 46 percent over a year and 34 percent over a couple of years.
Qatar's government comes up with improved foreign ownership laws for different commercial property sectors of the country, which no doubt is quite beneficial for the commercial real estate market. According to this law, housing villas, shops, hotels and offices in a compound are authorized for freehold ownership.
Distinctive infrastructure progress and advanced construction development going on in the country are the main reasons adding up in several market players in Qatar. Qatar's commercial property sector has also undergone significant improvements and improvisations just like an enhanced public-private partnership which is attracting more new companies to step into the real estate market.
However, there is still a long way to go, to improve real estate structure Qatar is still looking for improvised strategies that have a significant impact on real estate investment and development.