As one of Qatar’s most established developers, Al Madar Holding has played a defining role in shaping the country’s real estate landscape for more than three decades. With over 200 completed projects across Qatar and the UAE, the company continues to set benchmarks in quality, delivery, and investor trust. In an exclusive interview with Qatar Living Properties, Ahmad Mashhadi, Deputy Managing Director of Al Madar Holding, reflects on the company’s 33-year legacy, its evolving vision, and the growing confidence driven by Qatar’s new Real Estate Regulatory Authority. He also shares insights on market trends, investor appeal, and why areas like Lusail are becoming the country’s most promising hubs for long-term growth.

Watch the full interview here:

Can you tell us about the beginnings of Al Madar Holding and how it has evolved over the years?

Al Madar Company was established in 1992, which means we have been in the market for almost 33 years. We began with residential villas, building in several areas across Doha. From there, we progressed step by step, from residential villas to commercial buildings, then to offices. Today, we have reached a stage where we have completed more than 200 projects in Doha and the UAE, across various types and categories.

How does the company’s legacy and long experience influence how you handle new projects?

When a company has been in the market for more than 30 years, it naturally gives investors confidence. We have delivered more than 200 projects, both in terms of execution and the quality we provide. Any investor who approaches us, or any owner interested in buying property from us, always wants to see previous projects. Visiting those earlier projects reassures both investors and owners, confirming whether the finishing was done correctly and whether the execution was completed within the agreed timeline. These aspects, especially timely delivery and quality, are among the most important factors that owners and investors focus on.

How do you see the regulatory environment shaping the future of the sector with the establishment of the Real Estate Regulatory Authority?

This year, the focus at CityScape has shifted more toward “Aqarat” which is the Real Estate Regulatory Authority, which is one of the best developments that has happened in Qatar’s real estate sector. It truly benefits everyone; developers, investors, and property owners, because it indirectly provides confidence to investors. At the same time, it encourages foreign investors to invest in Qatar’s real estate sector, as the Authority monitors projects to ensure they are executed according to the stated specifications and delivered on time. We see this as a very positive step, and it also supports us as developers since it protects the interests of all parties. These are among the key advantages, and I expect that in the coming years, the market’s response will make the Authority a fundamental driver in boosting investment in the real estate sector.

How do you see the real estate market in Qatar developing over the next five years?

This goes back to my previous answer: the presence of the Authority today is stimulating investments. The Authority itself is preparing mechanisms and platforms that clearly present the properties available in Qatar, the developers behind them, each project’s progress percentage, the areas they are located in, and the expected delivery timelines. This level of transparency, along with the Authority’s oversight of matters such as the preliminary title deeds, all contribute to encouraging investment in real estate across the country. This is exactly what we have observed in neighboring countries, where the response has always been positive; whether we look at Dubai, Saudi Arabia, or others. We consistently see that such an Authority plays a major role in driving growth and stimulating the real estate sector.

What are the main attraction factors for investors in Qatar right now?

At the moment, the Authority as it’s still new in the market. Of course, Doha’s safety, stability, and overall environment all play a major role. We consistently see families choosing Qatar because of its atmosphere and quality of life. For example, if we look at our projects showcased at CityScape, we always focus on families, whether in the property environment, the design, or the overall experience. This is the positive trend we are seeing.

Which areas in Qatar currently show the most promise for growth?

My answer may be influenced by the projects we currently have, but we see that the market’s focus today is shifting toward areas like Lusail. The two projects we are showcasing at CityScape are both in Lusail; one in Lusail Marina and the other in the Hazm Lusail area. Honestly, we see strong demand for these areas because of the robust infrastructure already in place, as well as the government’s clear direction toward developing them, such as the Simaisma project, which was under discussion and is now under execution.

We always emphasize having the infrastructure fully ready while ensuring seamless access to the location, because location is the most essential factor in real estate. From my perspective, Lusail, its surrounding districts, and other freehold areas that receive substantial investment and attention are showing the strongest potential. 

What projects are you most proud of in your company?

Any project we offer for sale or rent is something we aim to reflect the company’s standards. When people see an Al Madar project, whether in terms of quality or design, we want it to speak for itself. We are genuinely proud of all our projects, and we are always striving to grow and deliver better developments than the ones before. This is the core strategy of the company.

What makes your company stand out in such a competitive market?

This is also a difficult question. The main factor is likely our presence in the market for more than 30 years, we have been operating for nearly 33 years. The experience we’ve gained over this period is reflected in the projects we introduce and deliver to the market. Another major factor is our commitment to delivery timelines. For example, the first phase of our Hazoom Lusail project is scheduled for completion at the end of 2026, and we intend, God willing, to deliver even earlier than the date announced in advertisements or contracts.

This commitment builds trust with investors because we understand that any owner or investor purchasing a property plans everything based on the date we provide. That’s why we always strive to honor the timelines we set, adhere to specifications, and deliver a level of quality that exceeds expectations. These are the elements we consistently focus on in all our projects.

How do you see your company’s impact on the community beyond building projects?

We hope, God willing, that the impact will be positive. When a real estate developer delivers projects on time, with the required specifications and quality, others in the market naturally take notice. This helps raise industry standards, encouraging developers to compete in quality, on-time delivery, and fair pricing. These are the aspects we consistently focus on.

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