In January 2023, it was announced that the tournament would return for a third edition. The organizers aimed to secure sponsorship to run the event annually until 2030. Held from October 10-20, the tournament featured nine rounds with one rest day and a $110,000 prize fund, including $25,000 for the winner and awards for top female, Arabic, and junior players. Participants included Magnus Carlsen, Hikaru Nakamura, Anish Giri, and rising stars like Gukesh D and Nodirbek Abdusattorov. The top-seeded woman was Bibisara Assaubayeva.

Nodirbek Yakubboev won the tournament, defeating Abdusattorov in a blitz playoff. Yakubboev, the 19th seed, scored 7/9 (+5-0=4), while Abdusattorov placed second, and S. L. Narayanan finished third. Vaishali R won the women’s prize with 5/9, and Salem Saleh claimed the top Arabic player award with 6/9. Since Abdusattorov and other high-ranking juniors had already won prizes, Nihal Sarin likely received the top junior award.

This was the second edition of the Qatar Masters Open, played from December 20 to December 29, 2015. The time control for each of the tournament games was 90 minutes for the first 40 moves plus 30 minutes for the rest of the game with an increment of 30 seconds per move starting from move one. Tiebreak playoffs consisted of a 2-game blitz match with time control of 5 minutes with 3 seconds increment per move starting from move one.

Magnus Carlsen was the winner of the tournament, scoring +5 (7 points out of 9) and defeating Yu Yangyi in the tiebreak. There was a 5-way tie for third place, amongst Vladimir Kramnik, Sergey Karjakin, Sanan Sjugirov, Ni Hua, and Vassily Ivanchuk. Finally, Vladimir Kramnik finished third. The prizes for the 10 best players of the tournament were as follows:

There were additional prizes for the best female players (ranging from $500.00 to $8000.00), best Arabic players (ranging from $1000.00 to $2500.00), top two Junior players, and special prizes in different rating groups.

The tournament was open to every player with Elo 2300 or above. The prize fund equaled over $100,000, with $25,000 for the winner. There were also prizes for the best female and Arabic players, US$5,000 and US$3,500 for the first place in each category, respectively.

Yu Yangyi, a 20-year-old Chinese chess prodigy, became the Qatar Masters Champion, scoring 7.5/9; Anish Giri finished second and Vladimir Kramnik third, both scoring 7/9.