Qatar’s hotel supply pipeline for 2022 has been estimated at 13,300 keys, ValuStrat said and noted nearly 1,980 keys from eight hospitality properties were added the country during 2021.
As per ValuStrat research, hotel and hotel apartments stock in the country exceeded 30,000 keys.
In terms of residential units in the country, ValuStrat said forecast for residential units in the pipeline for 2022 has been adjusted upwards to15,000 units.
As of the fourth quarter last year, total completions stood at 400 villas and 4,380 apartments, which ValuStrat said is equivalent to 60% of preliminary estimates for 2021.
Some 480 apartments were handed over during Q4, 2021 with the delivery of a tower in Abraj Bay on The Pearl and a residential tower in Lusail.
For 2021, completed apartments were concentrated in The Pearl with 30%, Lusail took 25% and 15% in West Bay (zones 61 and 63)
Compounds in Luqta, Al Aziziya, Onaiza and Al Wakrah comprised the majority of the villa completions in 2021.
In terms of Qatar’s office supply for 2022, ValuStrat adjusted to 1.2mn sq m gross leasable area (GLA). An estimated 220,000sq m GLA of office space was completed during 2021, which constituted 40% of the initial projection at the start of the year.
Majority the completed workspace during 2021 was located in Lusail (26%), and the remaining completions were in Doha municipality (Al Hitmi, Fereej Abdel Aziz, Old Airport, Al Muntazah and Musheireb Downtown). The fourth quarter 2021 ValuStrat Price Index (VPI) reached 64.8 points, seeing residential capital values approach quarterly stabilisation, but still 3.9% lower than the previous year.
The VPI is a valuation-based index with a base of 100 points as of Q1, 2016.
Freehold apartments, which comprise a smaller portion of the overall residential sales market, displayed a decline of 1.4% compared to Q3, 2021 and 6.5% compared to Q4, 2020.
Apartments in The Pearl witnessed the highest quarterly depreciation of 1.8%, while Lusail and West Bay Lagoon experienced a marginal decline in capital values of less than 0.5% compared to Q3, 2021.
The villa sub-market performed better than apartments, with stable prices compared to the previous quarter, ValuStrat said.
However, villa capital values were still lower by 3.3% on an annual basis.
The Pearl, West Bay Lagoon and Ain Khaled cluster registered no change quarterly.
Five clusters (Al Wakrah, Al Khor, Old Airport, Onaiza and Muaither) saw a quarterly dips of less than 0.5%.
As per ValuStrat research, hotel and hotel apartments stock in the country exceeded 30,000 keys.
In terms of residential units in the country, ValuStrat said forecast for residential units in the pipeline for 2022 has been adjusted upwards to15,000 units.
As of the fourth quarter last year, total completions stood at 400 villas and 4,380 apartments, which ValuStrat said is equivalent to 60% of preliminary estimates for 2021.
Some 480 apartments were handed over during Q4, 2021 with the delivery of a tower in Abraj Bay on The Pearl and a residential tower in Lusail.
For 2021, completed apartments were concentrated in The Pearl with 30%, Lusail took 25% and 15% in West Bay (zones 61 and 63)
Compounds in Luqta, Al Aziziya, Onaiza and Al Wakrah comprised the majority of the villa completions in 2021.
In terms of Qatar’s office supply for 2022, ValuStrat adjusted to 1.2mn sq m gross leasable area (GLA). An estimated 220,000sq m GLA of office space was completed during 2021, which constituted 40% of the initial projection at the start of the year.
Majority the completed workspace during 2021 was located in Lusail (26%), and the remaining completions were in Doha municipality (Al Hitmi, Fereej Abdel Aziz, Old Airport, Al Muntazah and Musheireb Downtown). The fourth quarter 2021 ValuStrat Price Index (VPI) reached 64.8 points, seeing residential capital values approach quarterly stabilisation, but still 3.9% lower than the previous year.
The VPI is a valuation-based index with a base of 100 points as of Q1, 2016.
Freehold apartments, which comprise a smaller portion of the overall residential sales market, displayed a decline of 1.4% compared to Q3, 2021 and 6.5% compared to Q4, 2020.
Apartments in The Pearl witnessed the highest quarterly depreciation of 1.8%, while Lusail and West Bay Lagoon experienced a marginal decline in capital values of less than 0.5% compared to Q3, 2021.
The villa sub-market performed better than apartments, with stable prices compared to the previous quarter, ValuStrat said.
However, villa capital values were still lower by 3.3% on an annual basis.
The Pearl, West Bay Lagoon and Ain Khaled cluster registered no change quarterly.
Five clusters (Al Wakrah, Al Khor, Old Airport, Onaiza and Muaither) saw a quarterly dips of less than 0.5%.