HMK Capital Completes QAR 1.8bn Salwa REIT Portfolio

HMK Capital is an investment firm licensed under the Qatar Financial Centre (QFC). It is regulated by the Qatar Financial Centre Regulatory Authority (QFCRA).

The firm has completed the acquisition of real estate assets worth around QAR 1.8 billion since July 2026.

This establishes the initial portfolio of Salwa REIT. The portfolio spans 51 properties. These are located across Mseimeer, Al Rayyan and Al Dafna/West Bay.

Inside the 51-property portfolio

The portfolio is fully leased. It is operating at near-full occupancy. It comprises a diversified mix of residential, retail and commercial office assets.

• Around 1,500 residential units
• More than 100 retail units
• Approximately 25,000 square metres of commercial office space

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Financing and plans to list on Qatar Stock Exchange

During July and August 2026, HMK Capital also completed the financing arrangements supporting the portfolio.

This was done through a Sharia-compliant structure. It strengthens the fund's capital structure and supports its long-term investment strategy.

HMK Capital continues to selectively evaluate additional income-generating real estate opportunities in Qatar. The goal is to further diversify and grow Salwa REIT's asset base.

As part of its longer-term strategy, HMK Capital intends to advance the regulatory and market process for a proposed listing of Salwa REIT on the Qatar Stock Exchange, subject to necessary approvals.

The listing aims to broaden the fund's investor base and provide access to a diversified, profitable real estate portfolio.

Sheikh Hamad Mohammed Khalid Al Thani, Chairman and Founder of HMK Capital, said the completion of Salwa REIT's initial portfolio marks an important milestone.

He said it reflects the firm's confidence in the strong potential of Qatar's real estate market, and its commitment to developing innovative, diversified investment products with capital markets participants.

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Salwa REIT: Qatar's first REIT

Salwa REIT was registered with the QFCRA on May 20, 2026. It is structured as a closed-ended real estate investment fund, managed by HMK Capital.

The fund is Qatar's first Real Estate Investment Trust. It is also the QFC's first fund operating under the QFCRA's Collective Investment Scheme Rules.

The fund is designed to support the development of Qatar's asset management and capital markets sectors.

This aligns with the Qatar National Vision 2030 and NDS3. It also provides investors with regulated access to Qatar's real estate market.

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