Qatar: Real estate trading volume reaches $411mln in November – ZAWYA

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Doha, Qatar: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in November 2023 amounted to QR1,460,878,851.

The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 321 real estate transactions were recorded during the month. Compared to October 2023, the index of sold real estate registered an increase of 10 percent, and the index of traded areas registered an increase of 7 percent.

Buy/sell, rent/lease residential &
commercials real estate properties.

Doha, Al Rayyan, and Al Dhaayen municipalities topped the most active transactions in terms of financial value in November 2023, according to the real estate market index, followed by Umm Salal, Al Wakrah, Al Khor and Al Dhakira, Al Shamal, and Al Shahaniya.

The real estate market index for November revealed that the financial value of Doha municipality’s transactions amounted to QR603,706,536. The financial value of Al Rayyan municipality’s transactions amounted to QR504,297,830; while the financial value of Al Dhaayen municipality’s transactions amounted to QR116,096,458. The financial value of Umm Salal municipality’s transactions amounted to QR109,356,712. Al Wakrah municipality recorded transactions with a value of QR88,888,024, while Al Khor and Al Dhakira municipality recorded transactions with a value of QR21,835,758, Al Shamal municipality recorded trading with a value of QR13,715,533, and Al Shahaniya municipality recorded transactions with a value of QR3,000,000.

In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Umm Salal municipalities recorded the most active municipalities in terms of traded real estate spaces during November, with 36 percent for Al Rayyan, followed by Doha municipality with 25 percent, Umm Salal with 13 percent. Al Dhaayen recorded 10 percent, Al Wakrah recorded 9 percent, Al Khor and Al Dhakira recorded 3 percent, Al Shamal 3 percent, and Al Shahaniya 1 percent of the total traded spaces.

In terms of the index of the number of real estate transactions (sold properties), trading indices revealed that the most active municipalities during November were Al Rayyan (28 percent) followed by Doha (26 percent), Al Dhaayen (13 percent), Al Wakrah (13 percent), Umm Salal (12 percent), Al Khor and Al Dhakira recorded (4 percent), and Al Shamal recorded (4 percent) of the total real estate transactions.

Average per square foot prices for November ranged between (613-791) in Doha, (244-558) in Al Wakrah, (322-469) in Al Rayyan, (322-439) in Umm Salal, (255-562) in Al Dhaayen, (229-238) in Al Khor and Al Dhakira, (134-188) in Al Shamal, 194 in Al Shahaniya.

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