Qatar’s real estate momentum accelerates as Lusail emerges at forefront of growth

A Pakistani business delegation toured the Rawah Residence in Lusail, marking a significant boost for cross-border real estate engagement in Qatar. The visit came as the residential market saw a 28.5% year-on-year surge in transaction values, reaching QR9.2bn in Q1 2026. The real estate sector has recovered strongly, with the Qatar Central Bank's Real Estate Price Index rising 8% year-on-year in March 2026 to 243.12 points in July 2026. Market activity remains robust, with 114 residential unit transactions recorded in August 2026.

The delegation highlighted the benefits of Qatar's foreign ownership reforms, which now allow foreign nationals to obtain renewable residency permits for themselves and their families when purchasing property. The Rawah Residence, a 17-storey tower in Lusail's Al Kharayej district, offers fully furnished apartments with smart home technology and flexible payment plans. The project, developed by Dar Al Asas Real Estate Developments, is located in one of the 10 designated freehold zones for non-Qataris.

PBC Qatar chairman Fawad Rana emphasized the growing confidence of the Pakistani business community in Qatar's real estate market, praising Lusail's role in Qatar's ambitious vision under Qatar National Vision 2030. The Rawah Residence, he noted, offers a secure, high-quality investment opportunity with clear legal protections and attractive returns.

Market analysts see Lusail as the top performer in Qatar's property landscape, with average apartment prices rising 1.5% year-on-year to around QR10,330 per square metre in the city.