MALLS DOM­I­NATE QATAR'S RE­TAIL SEC­TOR

Qatar Today - - BUSINESS > REALTY CHECK -

Doha's re­tail mar­ket con­tin­ues to be dom­i­nated by mod­ern shop­ping malls such as Vil­lag­gio, La­goona, Land­mark and City Cen­tre, which to­gether ac­count for 60% of Doha's for­mal (mall) re­tail sup­ply, ac­cord­ing to Col­liers In­ter­na­tional Doha Real Es­tate Over­view Q2 2014 re­port. While the to­tal ex­ist­ing sup­ply in terms of Gross Leasable Area (GLA) cur­rently stands at ap­prox­i­mately 629,000 sq m, Doha City Cen­tre ac­counts for 20% of this sup­ply, fol­lowed by Vil­lag­gio (17%) and Porto Ara­bia rep­re­sent­ing 15% of cu­mu­la­tive sup­ply. The re­port says a de­liv­ery of a fur­ther 900,000 sq. m. within the next five years can be ex­pected given the vol­ume of planned sup­ply that is due to come on­line (pro­vided con­struc­tion time­lines are met) and the ad­di­tional sup­ply is ex­pected to add more com­pe­ti­tion in the re­tail land­scape.

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