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Doha Office Overview - Q3 2011

  • Qatar’s economy continues to see positive growth and is expected to continue to do so as the country benefits from infrastructure spending in advance of the 2022 World Cup.

  • Despite the strong economic growth, demand for office space in Doha remains limited and the market continues to experience an oversupply. Vacancy has increased significantly as more development projects have reached completion, which has had a compressing effect on rental levels.

  • Government entities will continue to provide the major proportion of office demand in the short term, however a number of construction and engineering services companies are expanding their regional operations, setting up in Doha to service the infrastructure work being undertaken in advance of the 2022 World Cup. The government has identified the small and medium enterprises (SMEs) sector as a future opportunity for growth with professional and financial services firms also expanding their presence.
  • This activity, coupled with Qatar’s strong economic fundamentals, should improve Doha’s competitive presence in the regional and international market. 

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