RIDUANUR QURESHI ASSOCIATE FINANCIAL ANALYST
REPORT FROM THE PEARL GATES The Pearl Qatar Secondary Market Q4, 2021 Qatar real estate secondary market seen significant growth in the 2021. As rental price are increasing over this year, investor are more interested for ready apartment in the free hold areas. Over the last two Quarter rental price has been increase by 10% to 20%, which allow investor to generate 5% to 6.5% rental income for smaller apartment and 5% for large apartment. Bank also allowing finance for investor for both local and foreign expat for 15 to 20 years with attractive interest rate. In the Q4, around 162 apartment were listed for sale in the secondary market at pearl Qatar. Total number of inventory increase in both smaller apartment like studio and one bedroom and large apartment marginally. Similar to previous quarter, high number of two bedrooms apartment were listed in the market for sale, representing 43% of total listing property. Additionally, total supply of studio apartment increase in this quarter by 18%, representing 12% of total inventory in the secondary market. While one and three bedrooms represent 29% and 15% of total inventory. As more demand of smaller apartment in the secondary market, studio and one bedroom apartment price remain high in Q4. Average sold price for studio apartment were around 1.17 million QAR and average sold price for one bedroom apartment were around 1.54 million QAR. Average asking and sold price for all apartment remain similar to Q3. As supply increase average asking and sold price for studio apartment decrease slightly by 2% in Q4. Studio apartment has height per Sqm sold price compare to other apartment around 16,506 QAR, one bedroom 12,483 QAR, two bedrooms 12,573 QAR and three bedrooms 12,021 QAR.
THE PEARL GATES
The Pearl Secondary Market Q4, 2021 The Pearl
Secondary Market Q4
Units
QoQ
Studio
20
18%
5%
70
One Bedroom
47
4%
5%
124
Two Bedroom
70
9%
5%
175
Three Bedroom
25
9%
6%
265
Average Price
QoQ
Discount Rate
Average Sales Price
Average Size (Sqm)
QoQ
-2% nibh 1,155,438 1,216,250 -2% adipiscing Studioipsum dolor sit amet, Lorem consectetuer elit, sed diam nonummy
Secondary Market Q4
One Bedroom
1,624,951
0%
1,543,704
0%
Two Bedroom
2,316,127
1%
2,200,320
1%
Three Bedroom
3,352,667
2%
3,185,033
3%
Studio
One Bedroom
Two Bedroom
THE PEARL GATES
Three Bedroom
The Pearl Secondary Market Q4, 2021 The Pearl Q3
Q4
QoQ
17
20
18%
1,239,059 QAR
1,216,250 QAR
-2%
17,656 QAR
17,375 QAR
-2%
1,229,000 QAR
1,232,500 QAR
0%
17,513 SQM
17,607 SQM
1%
70 SQM
70 SQM
0%
Listed Units Average Price Average Per/Sqm
Studio (Listed Inventory)
Median Price Median Per/SQM Average Size
In the last Quarter of 2021, around 20 studio apartments were listed for sale. Total number of listed studio apartment increase by 18% compare to the last quarter. Average listing price for studio apartment and average per square meter price around 1.16 million and 17,375 QAR which decrease by 2% compare to Q3. Average median price and median per square meter price remain quite similar to previous quarter. Average size of listed studio apartment remain similar to 70 Sqm
Q4
Q3 Listed Units Average Price Average Price Average Per/Sqm Median Price Median Price
1,177,106
1,155,438 1,184,006 QAR
16,774
16,506
1,187,139 QAR
1,170,875
1,167,550
Average PSQm Median Per/Sqm
Studio (Sold Inventory)
13,156 QAR
16,727
16,637
Average Size Average Size
70
Discount Rate
5.00%
QoQ
350
90 SQM
-2% -2% 0% 1%
70
0%
5.00%
0%
As more supply came to the market, average sold price for studio apartment decreased by 2%. Average sold price for studio apartment around 1.15 million and price per square meter around 16,506 QAR. Median price for studio apartment were 1.17 million and average median price per square meter were 16,727 QAR. Average discount price remain similar to 5% of asking price.
Studio (Listed Inventory)
25,000
Q3
Q4
Studio (Sold Inventory)
2,000,000
20,000
25,000
Q3
Q4
2,000,000
20,000 1,500,000
15,000
10,000
1,000,000
5,000
1,500,000
15,000
10,000
1,000,000
5,000 0
0 Average PSQm
0
0
Average Price
Average PSQm
THE PEARL GATES
Average Price
The Pearl Secondary Market Q4, 2021 The Pearl Q4
Q3 Listed Units Listed Unit
One Bedroom (Listed Inventory)
350
47
45
Average Price Average Price Median Price Average Per/Sqm
1,624,951
1,187,139 QAR
13,256
13,140
13,156 QAR
1,595,000
Average Size Median Per/SQM
1,600,000 90 SQM
12,953
Average Size
4%
1,184,006 QAR
1,632,226
Average PSQm Median Price
QoQ
123
0% -1% 0%
12,939
0%
124
1%
Around 47 one bedroom apartment were available for sale in Q4, increased by 4% compare to Q3. Average asking and median price for one bedroom apartment remain similar to 1.62 million and 1.6 million respectively, average asking and median per square meter price were around 13,140 QAR and 12,939 QAR. Average size of listed one bedroom apartment were around 124 SQM.
Q4
Q3 Listed Units Average Price
One Bedroom (Sold Inventory)
350
1,550,615
Average Price Average Per/Sqm Median Price Median Price
1,543,704 1,184,006 QAR
12,593
12,483
1,187,139 QAR
1,515,250
Average PSQm Median Per/SQM
1,520,000
13,156 QAR
12,306
Average Size Average Size
12,292
90 SQM
123
Discount Rate
QoQ
5.00%
0% -1% 0% 0%
124
1%
5.00%
0%
As higher demand average sold price for one bedroom apartment remain similar to Q3 .Average and median sold price for one bedroom apartment were around 1.54 million and 1.52 million, Average sold per square meter price were around 12,483 QAR. Discount rate for one bedroom apartment remain to 5% of asking price.
One Bedroom (Listed Inventory) 25,000
Q3
Q4
One Bedroom (Sold Inventory) 2,000,000
25,000
Q3
Q4
2,000,000
20,000
20,000 1,500,000
15,000
10,000
1,000,000
1,500,000
15,000
10,000
1,000,000
5,000
5,000 0
0 Average PSQm
0
0 Average PSQm
Average Price
THE PEARL GATES
Average Price
The Pearl Secondary Market Q4, 2021 The Pearl Q4
Q3
Average Price Average Price
1,184,006 QAR
2,316,127
1,187,139 QAR
13,536
Average PSQm Median Price
13,235
13,156 QAR
2,250,000
Average Size Median Per/SQM
2,289,500 90 SQM
13,216
Average Size
9%
70
2,304,452
Median Price Average Per/Sqm
Two Bedroom (Listed Inventory)
350
64
Listed Unit
QoQ
170
1% -2% 2%
13,083
-1%
175
3%
In Q4 around 70 two bedrooms apartment were listed in the market, it’s representing 43% of total inventory. Average asking price for two bedrooms apartment 2.31 million and media price 2.29 million QAR, which increase slightly compare to Q3. Average price per square meter and median price per square meter around 13,235 QAR and 13,083 QAR respectively. Average size of listed two bedrooms apartment were around 175 Sqm.
Listed Units Average Price
Two Bedroom (Sold Inventory)
Q3
Q4
2,189,230
2,200,320
Average Price Average Per/Sqm Median Price Median Price
2,092,500
Average PSQm Median Per/SQM
12,309
350
1,184,006 QAR
12,878
Average Size
170
Discount Rate
5.00%
QoQ
12,573
1,187,139 QAR
2,175,025
13,156 QAR
12,429
90 SQM
1% -2% 4% 1%
175
3%
5.00%
0%
Average sold price for two bedrooms apartment increase slightly by 1% to 2.2 million and median sold price increase by 4% around 2.17 million QAR. Average and median sold price per SQM around 12,573 QAR and 12,429 respectively. Discount rate for two bedrooms remain similar to 5% of listing price.
Two Bedroom (Listed Inventory) 25,000
Q3
Q4
Two Bedroom (Sold Inventory) 3,000,000
25,000
Q3
Q4
3,000,000
20,000
20,000 2,500,000
15,000
10,000
2,000,000
2,500,000
15,000
10,000
2,000,000
5,000
5,000 0
0 Average PSQm
0
0 Average PSQm
Average Price
THE PEARL GATES
Average Price
The Pearl Secondary Market Q4, 2021 The Pearl Q4
Q3
Average Price Average Price
25
3,352,667
1,187,139 QAR
13,130
Average PSQm Median Price
12,653
13,156 QAR
3,250,000
Average Size Median Per/SQM
3,400,000 90 SQM
12,919
Average Size
9%
1,184,006 QAR
3,303,043
Median Price Average Per/Sqm
Three Bedroom (Listed Inventory)
350
23
Listed Unit
QoQ
252
2% -4% 5%
12,832
-1%
265
5%
In the Q4, around 25 three bedrooms apartment were listed for sale in the market, which increase by 9% compare to Q3. Average listing price for three bedrooms apartment increase by 2% to 3.35 million QAR and median price increase by 5% to 3.4 million. Average size of listing three bedrooms apartment also higher in Q4 compare to Q3. Average and median listing per Sqm price for three bedrooms apartment increased by 4% and 1% to 12,653 QAR and 12,832 QAR respectively.
Listed Units Average Price Average Price Average Per/Sqm
Q4
3,104,861
3,185,033 1,184,006 QAR
12,021
1,187,139 QAR
3,055,000
Average PSQm Median Per/SQM
3,230,000
13,156 QAR
12,144
Average Size
252
Discount Rate
6.00%
QoQ
350
12,342
Median Price Median Price
Three Bedroom (Sold Inventory)
Q3
12,190
90 SQM
3% -3% 6% 0%
265
5%
6.00%
0%
Similar to asking price, three bedrooms apartment seen slight increase in sold price in Q3. Average sold and median price increased by 3% and 6% in Q4. Although, average median price per Sqm quit similar to the previous quarter, average sole per SQM price decreased by 3% around 12,021 QAR. Discount rate for three bedrooms apartment around 6% of the listing price.
Three Bedroom (Listed Inventory) 25,000
Q3
Q4
Three Bedroom (Sold Inventory) 3,500,000
25,000
Q3
Q4
3,500,000
20,000
20,000 3,000,000
15,000
10,000
2,500,000
3,000,000
15,000
10,000
2,500,000
5,000
5,000 0
0 Average PSQm
0
0 Average PSQm
Average Price
THE PEARL GATES
Average Price
Office Address #421, 42nd floor, Marriott Marquis, Omar Al Mukhtar Street, Area 61, Street #850, Doha P.O Box: 2550
Call : (+974) 5086 7771
E PE ARL (+974)T H 4417 0659
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