Please Wait.....
Report
Qatar Co-Working Office Spaces Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 150 Pages I Mordor Intelligence
The Qatari Co-Working Office Spaces Market is expected to witness a CAGR of more than 5% during the forecast period (2022 -2027). COVID-19 had a minimal impact on the market. Despite the disruption, the co-working office space industry is proving to be robust. In addition, the pandemic epidemic aided the market's emergence in the virtual office sector, which includes work from home and hybrid working model tactics.
The rising demand for co-working spaces and flexible serviced office accommodation in Qatar is causing havoc in the country's real estate market, and the trend is expected to continue, with global forecasts predicting that flexible workspaces will grow by more than 50% in the next four years, despite changing business dynamics. Large corporations are likewise shifting towards more flexible office environments in order to boost staff productivity and cut costs. Foreign investments are also flooding into the sector, as Qatar offers many investment opportunities in the Middle East area and attracts firms from all over the world thanks to its facilities, flexible services, and digital solutions. The Qatar Free Zone Authority is establishing a "Free Zone" in the country in order to attract international occupiers and investors for the sector's development.
Lulu Hypermarket, the leading retail chain in the region, opened its 14th store at The e18hteen Tower-Marina, Lusail City, which is expected to play an important role in driving the demand for office as well as residential units in Qatar's ambitious city. The new store that offers a 2,000 sq. m. retail area has further strengthened the retail giant's presence in the region and is hailed to become the first retailer in Lusail City.
Qatar Co-Working Office Spaces Market Trends
Growth of SMEs Driving The Market
According to an industry report, Qatar is seeing a huge increase in demand for flexible office space, which is helping small and medium-sized businesses find new opportunities. The flexible workspace sector in Qatar supports entrepreneurs and youth, according to the report, and is characterized by creative and vibrant work environments that are exceptionally designed to encourage cooperation, enhance creativity, share ideas, and communicate; this contributes to the creation of new business opportunities for startups and entrepreneurs.
Doha is one of the most important marketplaces in the Middle East, with many companies planning to construct new centers and offices to fulfill the growing demand for co-working spaces, with support for entrepreneurs and youngsters being a key component of their expansion plans. Professionals from all industries occupy the flexible shared and rentable workspaces, according to the report. These places give entrepreneurs moral, professional, and financial support as well as facilities to help them establish and grow their firms.
Doha co-working spaces provide well-designed working areas with the modern decor at reasonable membership rates. RAWQ Business Center, which offers co-working spaces starting from QAR 700-950 per month, is one of the most prominent co-working spaces in Doha, followed by Servcorp Commercial Bank Plaza, Servcorp Doha Towers, and others.
Increase in Supply of Office Space
The office space supply increased significantly in the last quarter of 2021. With the entry of new companies into the local market, the demand for office space is expected to recover in 2022. Public sector entities, financial institutions, and companies in the oil and gas sector are driving the demand for new office spaces. Office supply in Qatar has increased significantly in recent months, with the opening of Qatar Energy's new headquarters at Abdullah Bin Hamad Al Attiyah District and Lusail's Commercial Boulevard adding more than 300,000 sq. m. of space between the two developments.
The gross leasable area of office accommodation in Qatar has now reached approximately 5.3 million sq. m. In October 2021, Qatar Chamber announced the acquisition of a building in Commercial Boulevard comprising 17,000 sq. m. of leasable area. There has also been an increase in demand from the financial services sector. QFC reported an increase of 282 new firms to its platform in 2021, an increase of 28%. As many as 65 office buildings across Doha are now QFC-designated locations. Qatar Free Zone Authority is also gaining traction in attracting international companies to Qatar, generating requirements for both office and light-industrial property. A total of 44 companies are now registered with QFZA, including Google, BM Cyber, D4A, Invent Solutions, Thales, and Macellan.
There was an addition of seven office buildings and four mixed-use buildings during H1 2020 in Lusail (Marina and Energy City), Najma, Fereej Bin Omran, Abu Hamour, Al Wakrah, Al Wukair, and Umm Salal, comprising 220,000 sq. m. GLA. It is observed some offices in Al Mansoura and along Al Nasr Street offer up to six months rent-free periods with a minimum three to six years contract. Smaller office spaces were readily available everywhere except in West Bay.
Qatar Co-Working Office Spaces Market Competitor Analysis
The Qatari Co-Working Office Spaces Market is moderately fragmented, with a number of competitors already present. More players are also entering the market to meet the growing demand for casual environment offices. To acquire a competitive advantage, organizations in the Qatari Co-Working Office Market engage in a variety of growth and expansion tactics, such as strategic collaborations, mergers, and acquisitions. Some of the key players in the market include Servcorp, Co-worker, Easy Cowork, Alliance Business Centres Network, Regus, etc.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Insights
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Technological Trends
4.4 Industry Value Chain Analysis
4.5 Government Regulations and Initiatives
4.6 Insights on Co-working Startups in Qatar
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.8 Impact of COVID-19 on the Market
5 Market Segmentation
5.1 By End User
5.1.1 Personal User
5.1.2 Small Scale Company
5.1.3 Large Scale Company
5.1.4 Other End Users
5.2 By Type
5.2.1 Flexible Managed Office
5.2.2 Serviced Office
5.3 By Application
5.3.1 Information Technology (IT and ITES)
5.3.2 Legal Services
5.3.3 BFSI (Banking, Financial Services, and Insurance)
5.3.4 Consulting
5.3.5 Other Services
5.4 By Geography
5.4.1 Doha
5.4.2 Ar Rayyan
5.4.3 Umm Salal Muammad
5.4.4 Other Areas
6 Competitive Landscape
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Servcorp
6.2.2 Coworker
6.2.3 EasyCowork
6.2.4 Alliance Business Centres Network
6.2.5 Regus
6.2.6 Instantoffices
6.2.7 Workinton
6.2.8 Matchoffice
6.2.9 Cowork Booking
6.2.10 Marhaba
6.2.11 All Office Centers
6.2.12 Liquidspace*
7 Future of the Market
8 Appendix
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security