Doha, the capital city of Qatar, serves as the most attractive centre for trade and commerce and is a strategic point of trade for investors and business owners or entrepreneurs alike. Besides, the country also offers a blend of safety, accessibility and affordability, making it one of the best places to stay.
Apart from the safety and accessibility to the country, the cost of living in Qatar, compared to other international business hubs, gives an added edge over other nations.
By the end of 2024, Qatar’s hotel room supply reached 38,100 keys, with over 1,000 added during the year—60% from international brands. As new projects are completed, the total is projected to grow to 42,700 keys by 2027. In addition, Qatar’s hospitality sector has increased the country’s tourism sector prospects. Tourism is expected to rise from QR 81.2 billion in 2023 to QR135.2 billion in 2034, showing a significant increase in the country’s GDP. As per the quotes of the World Travel and Tourism Council, Qatar’s international tourism sector spending will rise to QR116 billion by 2034.
The Qatar Vision 2030
Qatar’s Vision 2030 is a comprehensive development vision of the State of Qatar aimed at achieving progress and prosperity for its citizens. The vision aims to transform the country into an advanced society with sustainable development and higher living standards for the coming generation in Qatar.
How does the top retail business in Qatar function?
The Qatar retail market significantly contributes to the nation’s economic growth. A significant component of the government’s diversification initiatives is Shop Qatar, a well-known shopping festival that was introduced in 2017. By increasing tourism and consumer spending, shopping festivals like the ones mentioned above have stimulated a crucial retail industry aspect.
The government, guided by the Qatar National Vision 2030, ensures economic transformation by diversifying its economy with less dependence on oil and reducing the effect of hydrocarbons.
How can the real estate business in Qatar shape the future?
The number of international visitors for various sporting events such as Formula 1 and ATP Tennis in Qatar has increased, being an attractive destination for lifestyle destinations and cultural attractions such as The Pearl and The Lusail Boulevard. The country has focused on residential sectors for premium homes entitled domestic and regional buyers, meeting the high demands for high-valued residential dwellings.
The total residential sales in Qatar in 2024 stood at 3.2 billion dollars.
As a prime attraction at locations such as Abu Hamour, Villas recorded the prices at QR8,587 psm, followed by Al Thumama priced at QR7,500 psm and Al Kheesa at QR7,000 psm. Additionally, apartment prices touched QR12,625 psm in 2024, led by Qanat Quartier at QR13,977 and The Waterfront at QR14,300 psm, reflecting a strong demand for luxury waterfront living. Moreover, Marina District at QR13, 600 psm remains a prime destination for investors and oc. To shape the country’s future, Qatar has 115 LEED-certified projects totalling 22.6 million sq.ft, positioning Qatar as one of the leading nations in the real estate sector.
Business opportunity in Qatar
The Business opportunity in Qatar has an improved maritime infrastructure, welcoming international cruise lines and introducing visa-free entry for nationals across 88 countries. International visitors to Qatar were up by 25% yearly to 5.08 million in 2024, highlighting the rising opportunities for locals to provide accommodation and food to investors.
How can the Helpline Group in Qatar be of assistance?
As a reliable partner, Helpline Group in Qatar delivers practical solutions and expert consultancy services for company registration, including e-commerce businesses. With over 25 years of global experience, we excel in company formation in Qatar, with a presence in 10 branches globally.
Our strong international network underscores our dedication to delivering smooth and dependable services, all backed by a team of over 300 experts. We can be your trusted partner for setting up your retail and real estate business and establishing one in Qatar.
