Due to significant infrastructural investments, urbanization, and population increase, Qatar’s retail real estate industry is seeing remarkable growth.
The Gross Leasable Area (GLA) of Qatar’s retail supply was measured at 5.5 million square meters. In the second quarter (Q2) of this year, the organized areas made up 2.5 million square meters of gross living area (GLA), while the unorganized spaces made up 3 million square meters.
While over 20,000 sqm of unorganized space entered the market, mostly in West Bay and Lusail Marina, organized retail supply increased in Q2 with the arrival of Avenues Mall (estimated 3,000 sqm GLA). According to ValuStrat’s quarterly analysis, Indonesian company Dough Darlings entered the Qatari market, Sony opened a store at Hamad International Airport, and Papa John’s opened a new location in Villaggio Mall.
The median monthly rate for shopping centers in Q2 2025 dropped by 2% on a quarterly basis to QR178.8 per sqm, indicating a 5.9% annual decline in retail demand and performance. While decreasing by 5% annually, the median monthly rents for street shops in Doha stabilized QoQ. Outside of Doha, median monthly rents decreased 3% year over year and 1% quarter over quarter.
Most street retail rents in Doha either stayed the same or saw slight quarterly increases, but Al Sadd, Fereej Bin Mahmoud, Muntazah, and Al Bidda saw a YoY decline of nearly 10%. Outside of Doha, street retail rents mostly stayed the same on a quarterly basis, with the exception of Abu Hamour, Al Khor, and Umm Salal Mohammad, which saw declines of up to 10% from Q1 2025. Year-over-year, comparable decreases were noted.
Additionally, the report stated that during the quarter, office supply added about 132,000 square meters of GLA, increasing the overall supply to 7.4 million square meters of GLA.
Two major additions were two grade B/C office buildings in Energy City (16,000 sqm GLA) and one of the Lusail Plaza Towers on Commercial Boulevard (100,000 sqm GLA).
Doha municipality accounted for 59.6% of the total supply of grade-A office inventory, with Lusail contributing an additional 40.4%. It is anticipated that the 50,000 square meter GLA will be delivered in the second half of 2025.
