Qatar’s Real Estate Trading in February Reaches QAR965.51 Million

The real estate market in Qatar has been buzzing with activity, with February seeing a record-breaking volume of QAR965.51 million in trading. According to the Ministry of Justice’s Real Estate Registration Department, a total of 268 transactions were registered during that month.

The latest real estate analytical bulletin from the Ministry highlighted the municipalities of Doha, Al Rayyan, and Al Dhaayen as the most active in terms of financial value in March. Following closely behind were Al Wakrah, Umm Salal, Al Khor and Al Dhakira, Al Shamal, and Al Shahaniya.

In terms of traded space index, Al Rayyan, Al Wakrah, and Doha emerged as the top players in March. Al Rayyan accounted for 26 percent of the total traded real estate spaces, followed by Al Wakrah with 24 percent and Doha with 17 percent.

When it comes to the number of real estate transactions, Al Rayyan municipality took the lead in March, comprising 23 percent of the total transactions. Doha followed closely with 22 percent, while Al Dhaayen recorded 21 percent.

The average price per square foot varied across municipalities in March, ranging from QAR128 in Al Shahaniya to QAR755 in Doha. The trading volume in March also revealed that the highest number of properties sold was 10, with Doha, Al Wakrah, Al Rayyan, and Al Dhaayen each recording multiple sales.

Mortgage transactions were also a significant part of the market in March, with a total of 220 transactions amounting to QAR5,868,866,899. Al Wakrah led the way with 119 mortgage transactions, followed by Al Rayyan and Doha.

Overall, the real estate market in Qatar continues to show resilience and growth, with a diverse range of activities and transactions taking place across different municipalities. For more news on real estate in Qatar, stay tuned for updates.