MALLS DOMINATE QATAR'S RETAIL SECTOR
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.