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Real Estate at Heart of Qatar Growth

Nonhydrocarbon sectors surge strongly while real estate demand accelerates across all domestic markets significantly.

Qatar’s economy grew 3.7% year-on-year in Q1 2025, driven by strong performance in non-hydrocarbon sectors, which now account for 63.6% of GDP, up from 62.6% last year. These sectors contributed QAR 181.5 billion compared to QAR 175 billion in Q1 2024. Key areas of growth included manufacturing (+5.6%), construction (+4.4%), real estate (+7%), and wholesale trade (+14.6%). The data highlight Qatar’s ongoing shift toward sustainable and diversified development, with expanding opportunities in both commercial and residential real estate. Analysts note that this trend reinforces economic resilience and reflects the country’s success in reducing dependence on hydrocarbons while fostering long-term growth prospects.

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