Qatar residential real estate rents have increased by as much as 7 per cent in prime neighbourhoods, while other neighbourhoods have seen declines of 8 per cent, according to hapondo research.
Average asking rents in apartments listed on Qatar real estate platform hapondo have increased in key neighbourhoods across Qatar, with the prime apartment markets witnessing the most significant rental rate hike seen during the third quarter of the year, according to the online marketplace.
Prime market includes The Pearl, West Bay and Legtaifiya, and Lusail.
Qatar rents
The average rent for a one-bedroom listed on hapondo in West Bay increased by more than 7 per cent to QR9,760 ($2,680) per month and by 4.5 per cent to QR7,980 ($2,190) per month in Marina District, Lusail.
In the two-bedroom apartment category, both West Bay and Marina have also seen significant increases in rent quarter-on-quarter.
Meanwhile, rents in The Pearl have remained stable at QR8,490 ($2,330) per month (one-bedroom) and QR11,500 ($3,160) per month (two-bedroom). In Fox Hills, the average one-bedroom rent remained at the QR5,800 ($1,600) per month level while the average two-bedroom rent shrunk by nearly 3 per cent.
Unlike Q2 when rents in West Bay and Marina decreased, the latest quarter saw better performance for one-bedroom apartment rents in prime markets and in select downtown areas such as Al Sadd (6.6 per cent) and the Old Airport (3 per cent).
However, several neighbourhoods saw a decrease in two-bedroom apartment rents, with the largest seen in Al Mansoura, Doha Jadeed, and Najma where the average rents of available apartments listed on hapondo declined by approximately 8 per cent.
Meanwhile, the median rents in key neighborhoods for medium-size villas (three-to five bedrooms) have moved upwards. The Pearl’s median rent increased from QR29,930 ($8,210) per month to QR30,900 ($8,480) per month.
Median rents of listed mid-size villa properties in hapondo have increased by an additional QR500 ($137) per month to QR1,000 ($274) per month in West Bay, Al Hilal, and Ain Khaled while rents remained stable in Al Mamoura, Old Airport, and Al Waab.
Abdullah Al Saleh, CEO of hapondo’s parent company Sakan, said: “The rental market continues to be strong in Qatar, especially in the prime residential sector where gross rental yields range from 5 per cent to 8 per cent for prime apartments and 3 per cent to 5 per cent for prime villas.
“In hapondo, a significant portion of our users search for apartments in The Pearl and West Bay, and they look for villas in places such as Al Waab and West Bay Lagoon, signifying the market’s interest in quality spaces and convenient living.”
With more than 85 per cent of the population considered expatriates, the population in Qatar grew from 2.86m in June 2024 to 3.05m in August, according to data from the National Planning Council.
In Q3, the Qatar Real Estate Price Index also bounced back from a two-year low performance in April. The Index recovered from 202.46 points in April to 215.05 points in August, signifying a gradual recovery of selling prices across the country.
Follow us on
