UAE

Qatar’s real estate market sees over 63 million in sales contracts within a week – Economy Middle East

1 minute, 13 seconds Read
image

The Department of Real Estate Registration at Qatar’s Ministry of Justice reported a significant volume of real estate transactions in sales contracts from March 10 to March 14, amounting to QR230,417,088 (approximately $63.28 million)

Within the same period, the Real Estate Bulletin recorded a total of QR13,259,824 (roughly $3.64 million) worth of sales contracts specifically for residential units.


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

According to the weekly bulletin released by the Department, the range of real estate properties traded for sale included vacant lands, houses, residential buildings, apartment complexes, and residential units.

The sales activity primarily took place in various municipalities, namely Al Rayyan, Doha, Al Wakrah, Al Daayen, Umm Slal, Al Khor, and Al Dakhira. Additionally, sales were observed in the Pearl Island and Lusail 69 Zones.

Read more: Market corrections seen in Qatar real estate prices

Last week, the Real Estate Registration Department said it recorded in February QR1.39 billion ($381.78 million) in volume of real estate trading through sale contracts. According to the Ministry’s real estate analytical bulletin, there were 350 real estate transactions during the month. Compared to January 2024, the number of properties sold decreased by 3 percent, the real estate transactions value declined by 27 percent, and the traded area decreased by 18 percent.

The municipalities of Doha, Al Rayyan, and Al Dhaayen were the most active in terms of financial value in February, according to the real estate market index. They were followed by Al Wakrah, Umm Salal, Al Shamal, Al Khor, and Al Dhakira.

For more news on real estate, click here.

This post was originally published on 3rd party site mentioned on the title of this site

Similar Posts

X
0
    0
    Your Interest
    Your Interest List is emptyReturn to Buying
    ×