QNA
Doha
The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice reached QR 229 million for the week of August 18 to 22, 2024. According to the weekly Real Estate Bulletin, sales contracts totaled QR205,551,967, while sales contracts specifically for residential units amounted to QR23,493,340.
The bulletin outlined a diverse range of properties traded during this period, including vacant lands, houses, residential buildings, a residential commercial building, shops, and residential units. The report indicates that real estate transactions were concentrated in several key municipalities: Doha, Al Rayyan, Al Daayen, Umm Salal, Al Khor and Al Dakhira, Al Wakrah, Al Shamal, as well as popular areas such as The Pearl Island and Lusail.
The data reflects a significant increase in trading volume compared to the previous week, where the real estate sales contracts registered at the Ministry of Justice from August 11 to 15 surpassed QR 184 million. This rise in trading volume indicates robust activity and demand in Qatar’s real estate market, driven by a diverse portfolio of properties across differentmunicipalities.
The sustained interest in various types of real estate, from vacant land to residential units, suggests a positive trend in the property market, influenced by favorable economic conditions and continuous infrastructure development across the country.
