According to research and consultancy firm ValuStrat, residential supply reached 290,000 units as of Q4 2018 with the delivery of 1,265 apartments and villas in The Pearl, Lusail, Umm Salal, Duhail and New Salata. Projected completion for 2019 has been adjusted upwards from 10,600 units to 13,700 units releasing previous construction backlogs.
“Qatar’s real estate sector during the final quarter of 2018 witnessed a continuation of the tough trading conditions experienced in Q3, however, the rate of decline
continues to slow down.
“In 2019, we expect the market to continue to show resilience backed by additional foreign investment opportunities introduced by the government, robust public spending on construction and improvements in the non-hydrocarbon sector,” said Pawel Banach, ValuStrat General Manager (Qatar).
ValuStrat Market Research Analyst Anum Hasan said: “In 2018, overall gross yields remained relatively stable for all residential units. Residential performance of ‘The Pearl’ (for apartments) and ‘Al Wakrah’ (for villas) surpassed all other locations.