The latest firms are Barwa Real Estate BRES.QA, an affiliate of state-owned Qatari Diar, and Qatar Real Estate Investment Co QREC.QA.
It is not the first merger to take place in Qatar, where property prices are plunging - with some prices falling by 50% in some outlying areas.
The two companies have a combined worth of $2.5 billion, and are conducting projects across the globe. Barwa has said, however, that while it will finish all current projects it will not be taking on any new projects.
The merger, which has been ordered by the government, is the fourth to take place since the start of the Credit Crunch.
Earlier mergers that took place were between:
- Qatar Meat & Livestock Co (Mawashi) and Al Meera Consumer Goods Co
- Qatar Navigation and Qatar Shipping
- Gulf Warehousing said it was merging with Agility Qatar, a logistics firm
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