Latest news with #Lusail
Zawya
06-08-2025
- Business
- Zawya
Qatar real estate sector records transactions worth $2.4bln in Q2: Aqarat
The second-quarter data affirms the strong trajectory of real estate sector in the country, driven by a notable rise in transaction volumes and renewed momentum in lease registrations, especially in mid-income and high-demand areas. Established investment hubs such as The Pearl and Lusail continue to attract investors, while emerging areas like Al Wakrah are becoming key pillars for expanding the market base and enhancing its diversity In the strongest quarterly performance since Q3, 2020, Qatar's real estate sector recorded transactions worth QR8.9bn in the second quarter of this year, up 29.8% compared to the same period in 2024. This was revealed by Qatar's Real Estate Regulatory Authority (Aqarat) in the first edition of its 'Real Estate Bulletin'. The bulletin monitors developments in the country's real estate sector and highlights trends in real estate transactions, shifts in the rental market, and the geographical distribution of demand. Real estate transactions also saw a significant rise during the mentioned period, reaching 1,915 transactions across various categories, marking a 44% increase compared to the second quarter of 2024. This represents the strongest quarterly performance since the third quarter of 2020. Doha Municipality accounted for the 'largest share' of transaction volume, with sales totalling around QR4.8bn, followed by Al Rayyan Municipality with QR1.9bn. According to Aqarat, residential transactions accounted for approximately 44% of the total number of real estate transactions during the period. The Pearl topped the list of 'most sought-after' areas, recording some 266 transactions, followed by Lusail with 125 transactions — driven by their strategic locations, quality projects, and growing appeal to both investors and residents alike. Doha recorded the highest percentage of sold units, accounting for around 39.2%, followed by Al Rayyan at 18.2%, and Al Daayen at 17.2%. The rental market was also active, with as many as 58,246 lease contracts registered during the first half of the year — the highest rate recorded for the first half in the past six years. This represents an increase of approximately 26% compared to the same period last year, which recorded 46,073 contracts, Aqarat noted. Al Wakrah Municipality witnessed the 'highest demand' for rental contracts, especially in areas like Al Wukair, Al Mashaf, and Al Thumama, which together recorded 5,337 contracts, due to their popularity among tenants for offering reasonably priced housing options. The second-quarter data affirms the strong trajectory of real estate sector in the country, driven by a notable rise in transaction volumes and renewed momentum in lease registrations, especially in mid-income and high-demand areas. Established investment hubs such as The Pearl and Lusail continue to attract investors, while emerging areas like Al Wakrah are becoming key pillars for expanding the market base and enhancing its diversity. Aqarat noted, 'The sector is expected to continue benefiting from the accelerating pace of digital transformation, improved regulatory transparency, and strategic investment in infrastructure in line with Qatar National Vision 2030. 'Barring any major external disruptions, these strategic pillars position the market for sustainable growth, expanded investment participation, and strengthening Qatar's position as a leading real estate investment destination in the region.' © Gulf Times Newspaper 2025 Provided by SyndiGate Media Inc. (
Zawya
03-07-2025
- Business
- Zawya
Snoonu to launch innovation district at Lusail
Doha, Qatar: Snoonu has officially signed the contract for its new headquarters at Lusail Boulevard, spanning 8,429 sqm, in collaboration with Qatari Diar Real Estate Investment Company. The newly designated Snoonu Innovation District will serve as more than a corporate office; it will become a hub for technological advancement, talent development, and cross-sector collaboration. Designed to reflect Snoonu's dynamic identity, the district will bring together high-performing teams in an environment that inspires creativity and excellence. Located in Lusail Boulevard, the new headquarters benefits from its prime position in Qatar's visionary smart city, seamlessly connected to Doha. The district is designed to foster innovation with state-of-the-art infrastructure, making it an ideal environment for Snoonu to thrive and contribute to Qatar's technological ecosystem. 'The new headquarters represents our commitment to building a future-ready Qatar,' said Snoonu CEO and founder Hamad Al-Hajri, 'We are creating a space that fosters innovation, attracts global talent, and contributes to the country's transformation into a regional and international technology hub.' Designed to grow alongside Snoonu's expanding operations, the new headquarters aligns with Qatar National Vision 2030, particularly in advancing economic diversification and knowledge-based industries. The 8,429sqm space will be tailored to support scalable innovation, agile product development, and integrated teamwork. Chief Development and Asset Management Officer – Qatar at Qatari Diar Real Estate Investment Company Eng. Fahad Abdullatif Al Jahrami, commented: 'We are proud to welcome Snoonu to Lusail, as part of our ongoing efforts to attract leading national companies and support a progressive business environment in Qatar. This initiative contributes to the country's pursuit of a diversified, sustainable economy built on knowledge and innovation, reinforcing Qatar's position as a regional hub for technology and entrepreneurship.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
29-06-2025
- Business
- Arabian Business
Qatar recorded $116m of real estate transactions in a week
The volume of Qatar real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from June 15 to 19 amounted to QR423,674,670 ($116.3m). The total sales contracts for the real estate bulletin for residential units during the same period reached amounted to QR 59,529,651 ($16.3m). The weekly bulletin issued by the Department shows that the list of properties traded for sale included: Vacant lands Residential homes Apartment buildings Commercial buildings Shops Residential units Qatar real estate sales The sales operations were concentrated in the municipalities of Al Rayyan, Doha, Al Wakrah, Umm Salal, Al Khor and Al Dhakira, Al Dhaayen, and Al Shama l in addition to the areas of the Pearl, Lusail 69, and Ghar Thuaileb.
CTV News
23-06-2025
- Politics
- CTV News
Explosions heard across Doha: AFP journalists
Doha, Qatar -- Explosions could be heard across Doha on Monday evening, according to AFP journalists, shortly after Qatar closed its airspace, citing regional developments following U.S. strikes on Iran. The blasts could be heard in central Doha and in Lusail north of the Qatari capital, and projectiles could be seen moving across the night sky.
Zawya
18-06-2025
- Business
- Zawya
Workinton Qatar rebrands to Nestwork: A strategic evolution aligned with Qatar National Vision 2030
Doha, Qatar – Workinton Qatar, a leading provider of coworking spaces since 2018, is officially rebranding as Nestwork, embracing a fully independent, local-based identity that pays tribute to Qatar's rich heritage and dynamic culture. With four prime locations across Qatar—Alfardan Centre, Souq Waqif; Burj Al Gassar, Westbay; Burj Alfardan, Lusail; and M7, Msheireb—Nestwork offers customized office solutions, private suites, meeting spaces, event venues, and a full multimedia studio. More than just a rebrand, Nestwork represents a strategic evolution. Developed under Alfardan Group and managed by Alfardan Properties, this transformation reflects a renewed commitment to supporting local entrepreneurship, fostering innovation, and building long-term partnerships. Since its launch, Workinton Qatar has grown into a hub for business creativity and connection, serving a thriving community of over 500 members and hosting partnerships with key industry leaders. As Nestwork, this foundation expands with enhanced autonomy, deeper market alignment, and an elevated mission to shape a future where innovation, collaboration, and local ambition thrive. 'This rebrand marks a pivotal step in our long-term strategy to align more closely with Qatar's National Vision 2030,' said Mohamed Sleiman, Chief Executive Officer of Alfardan Properties and Alfardan Hospitality. 'By transitioning to Nestwork, we are deepening our roots within the local ecosystem and reinforcing our commitment to fostering a knowledge-based economy driven by local talent. Nestwork is designed to fuel startups and build agile, innovation-driven communities that support Qatar's ambitions for economic diversification and sustainable development.' 'Nestwork is here to support, elevate and grow alongside Qatar' said Zohour Omar Alfardan, General Manager of Wellness and Lifestyle at Alfardan Hospitality. 'We are here to empower entrepreneurs, foster innovation, and serve as a launchpad for the next generation of local and regional ventures.' As Qatar's unique coworking concept offering both Enterprise-level and Suite solutions, Nestwork is uniquely positioned to address the evolving needs of the country's dynamic business ecosystem. At its core, Nestwork is about productivity, community, and impact. It now steps into a new chapter, building on its legacy to meet the evolving needs of Qatar's dynamic business ecosystem. Nestwork is designed to foster collaboration, empower innovation, and position itself as a future forward hub for entrepreneurs and professionals alike, all rooted in a 'Make it happen' philosophy that turns ambition into action. About Nestwork Nestwork is a Qatar-based coworking brand fully managed by Alfardan Properties. Originally launched as Workinton Qatar in 2018, it has grown into an independent brand offering tailor-made workspace solutions for startups, SMEs, corporates, and global enterprises. With four locations across Doha- Alfardan Centre, Burj Al Gassar, Burj Alfardan, and M7 - Nestwork provides flexible offices, serviced suites, meeting rooms, event spaces, and creative studios. With collaboration and innovation at its core, Nestwork brings together professionals and businesses to foster growth, build strong local networks, and support Qatar's National Vision 2030. About Alfardan Properties Alfardan Properties, a subsidiary of Alfardan Group, is a leading luxury real estate developer in Qatar, holding a diverse portfolio of visionary, mixed-use, commercial, and residential developments with flagship projects across Qatar, Oman, KSA and Türkiye. Since its foundation in 1993, Alfardan Properties has provided an enriched lifestyle with a variety of services to its commercial and residential tenants, offering modern residences, executive offices, state-of-the-art facilities, recreational activities, and unique privileges. Today, Alfardan Properties has established itself as a market leader and a pioneer in contemporary real estate development, pursuing a strategic and ambitious expansion drive. The company's numerous high-end ventures further Alfardan Group's legacy, enriching various sectors in the country from hospitality and real estate to infrastructure development and contributing significantly to the economy under the Qatar National Vision 2030.
