RIDUANUR QURESHI ASSOCIATE FINANCIAL ANALYST
REPORT FROM THE PEARL GATES The Pearl Qatar Secondary Market Q2, 2021 Qatar's real estate market saw a similar market trend in the second quarter of 2021 as it did in the first Q1. Investors continue to choose smaller units such as studio and one-bedroom apartments, while end users prefer two and three-bedroom apartments. In the second quarter, 142 units were offered for sale, a 27 percent increase over the previous quarter. In addition, projects such as Al Mutahidah Towers, which added a number of apartments and townhouses with high-end finishes and amenities, were completed in the second quarter. The secondary market at Pearl Qatar had about 142 units listed in the second quarter of 2021. In comparison to Q1, the total number of listed two and three bedroom apartments grew by 35%, while one and studio apartments increased by 21% and 9%, respectively. In Q2, a larger number of two-bedroom apartments were listed in the market, accounting for roughly 39% of total inventory. Furthermore, one-bedroom apartments account for 25% of total inventory, three-bedroom apartments for 19%, and studio apartments for 18%. On average, the stated price of a smaller ready apartment increased by 5%, while the price of a two-bedroom apartment fell by 2%, and the price of a three-bedroom apartment decreased by 6%. On the other hand, average and median selling prices for studio and one-bedroom apartments grew by 5% and 3%, respectively, since smaller units are in more demand on the market, while average sales prices for two and three bedrooms decreased by 1% and 6%, respectively. As the economy recovers from the epidemic and FIFA 2022 approaches, the real estate market in Qatar is projected to continue to rise. In the short to medium term, more foreign investment is expected. As new projects in the pearl Qatar are projected to be completed between 2021 and 2022, the value of older projects may depreciate slightly.
THE PEARL GATES