Qatari Home Sales Jumped 23.6% in Q2 While Prices Barely Moved

ValuStrat's Q2 2026 review puts Qatari residential sales volumes up 23.6% on the quarter and 15.8% on the year, with capital values still below their 2021 base.

Residential sales volumes in Qatar rose 23.6% quarter on quarter and 15.8% year on year in the second quarter of 2026, according to ValuStrat's quarterly review reported on 9 August. Prices did not follow. The ValuStrat Price Index closed the quarter at 97.8 points against a base of 100 set in Q1 2021, which means Qatari capital values are still marginally below where they stood five years ago.

More deals, larger tickets, a flat index

The median transaction landed at about QR3 million, 4.5% higher than the previous quarter and 8.2% higher than a year earlier. A rising median alongside a flat price index usually signals a shift in what is selling rather than a broad revaluation — bigger units, better locations, or both. Activity concentrated in Al Wukair, The Pearl and Lusail.

Supply is the number to watch next

Qatar's residential stock stands at 406,097 units, split between 257,271 apartments and 148,826 villas. Only around 355 apartments completed in the second quarter, but roughly 4,600 units are scheduled for the second half of 2026, with more than 600 already deferred into 2027. A half-year delivery programme more than ten times the size of the previous quarter's is the main thing standing between the current volume rebound and any price recovery.

Two answers to "what does a Qatari square metre cost"

ValuStrat put gross yields at 5.6% overall, with a wide split — 8.0% for apartments against 4.4% for villas — and national averages of QR10,460/m² for apartments and QR5,675/m² for villas. Glopra's national apartment benchmark is about $3,230 per square metre with a 5.17% gross yield. The two are not the same measurement: ValuStrat's apartment average converts to roughly $2,870, and Glopra blends it with Knight Frank's higher transaction-based reading to reach its benchmark. The gap is a fair measure of how much "the average Qatari price" depends on whose basket is being counted, and both figures are published here rather than reconciled.

On the tax line Qatar is unusual: Glopra's standardised non-resident case records no tax on residential rental income, so gross and net yield are the same number — true of only a handful of markets in its coverage. Qatar carries a Bubble Risk score of 66, in the elevated band.

Sources: The Peninsula Qatar (ValuStrat Q2 2026 review, 9 Aug 2026) https://thepeninsulaqatar.com/article/09/08/2026/qatars-property-sector-rebounds-as-home-sales-rise-236-in-q2; Zawya https://www.zawya.com/en/business/construction/qatars-property-sector-rebounds-as-home-sales-rise-23.6-in-q2-426019

Market data: Qatar