Qatar’s real estate sector continued to show buoyancy in the first quarter of 2021. According to data from Property Finder Qatar, the country’s top property portal, demand in the sale market has skyrocketed, with a whopping 74 percent increase in recorded enquiries in Q1 of 2021 compared with Q4 of 2020.

There is a direct correlation and impact of the county’s new property ownership laws which were introduced late last year, as well as lowered prices in high demand areas such as Al Erkyah City and West Bay, which recorded a decrease in advertised sales prices of three and four percent respectively for apartments for sale when comparing Q4 of 2020 and Q1 2021.

“Buyers who had the means to invest during 2020, were eager to take advantage of declines in sales prices, along with first time buyers also jumping on the property ladder,” commented Afaf Hashim, Country Manager at Property Finder Qatar. “Demand for the sale market in Qatar, which previously has been more of a renter’s market, is continuously increasing, especially with the enhanced government investment initiatives that have been announced.”

The demand for bigger spaces has also been growing exponentially over the past year and we are still seeing interest grow, with a 15 percent increase in villa sale searches on our website between Q4 of 2020 and Q1 of 2021.

“The addition of areas that allow for foreign real estate ownership has rejuvenated the villa sales market, especially since the majority of stock in areas prior to these laws included mostly apartments,” concluded Hashim.