officemarket
Residential market declines amid supply surge, office market faces oversupply challenges, retail market competes with increasing pressure, and hotel occupancy falters despite spike in tourist arrivals. DOHA l 7 August 2023: Knight Frank, the leading global real estate consultancy, has unveiled its Qatar Real Estate Market Review for Spring-Summer 2023, providing an in-depth analysis of the current state of the real estate market across the residential and commercial sectors. Residential MarketThe housing market in Qatar faces challenges as a fall in demand for residential properties is coupled...
ValueWalk
The report showcases the strong performance of average office lease rates, with the DIFC remaining the city’s star performing location, driven by market leading Brookfield Place, where rents remain well above the wider DIFC average of around AED 260 per square foot, according to Knight Frank. Demand for best-in-class work environments against a severe shortage of prime Grade A space has been a key driver behind the continued outperformance of the DIFC. The 1 million square foot Brookfield Place is the among the world’s 20 largest LEED Platinum rated buildings and was also the first building in...
ValueWalk
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