Qatar Real Estate Trading Volume Reaches QR 1.650 Billion in January

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The volume of real estate transaction in sales contracts registered with the real estate registration department at the Ministry of Justice in January of 2022 amounted to QR 1,656,132,513

The data of the analytical real estate bulletin issued by the Ministry of Justice showed that 393 real estate deals were registered during the month.

Compared to December 2021, the index of the number of properties sold increased by 16 percent, while the value of real estate transactions surged by 25 percent, and the traded areas index recorded an increase of 6 percent.

The municipalities of Al Rayyan, Doha and Al Daayen topped the most active trades in terms of financial value in January, according to the real estate market index, followed by the municipalities of Umm Salal, Al Wakrah, Al Khor, Al Thakhira, and Al Shamal in transaction volumes.

The real estate market index for January revealed that the financial value of Al Rayyan Municipality's transactions amounted to QR 724,677,430, while the financial value of Doha Municipality's transactions amounted to QR 386,440,396, and the financial value of Al Daayen Municipality's transactions amounted to QR 203,615,019. The financial value of Umm Salal transactions amounted to QR 169,896,126, while Al Wakra Municipality recorded transactions worth QR 129,412.126, Al Khor and Al Thakhira Municipality recorded transactions worth QR 28,136,350, and Al Shamal Municipality recorded transactions worth QR13,955,000.

In terms of the traded areas index, the indicators showed that the municipalities of Al Rayyan, Al Daayen and Doha recorded the most active municipalities for the areas of traded real estate in January, with a rate of (38 percent) for Al Rayyan Municipality, followed by Al Daayen Municipality with 17 percent and Doha 15 percent, The municipality of Al Wakra 14 percent, Umm Salal Municipality 12 percent, and the municipalities of Al Khor, Al Thakhira and Al Shamal registered 2 percent of the total traded areas.

With regard to the trading movement in the Pearl and Al Gassar area, the number of transactions registered in January reached 28 deals for residential units that were included in the buying and selling operations, with a total value of QR 55,855,370.

Real estate trading data in January showed that the real estate sector continues to grow steadily and strongly in various investment and commercial fields, thus continuing the active trading movement witnessed by the sector during the recent period, especially with the issuance of new laws and decisions related to real estate brokerage, real estate registration, ownership and use of the aspects of laws attracting local and foreign capital.

The data also confirm the strength and durability of the foundations of the Qatari economy and the continued growth of the real estate sector as one of its main components. 

Source: QNA