QNA
Doha
The Qatari real estate market demonstrated robust activity in the last week of December, with trading volumes surpassing QR264 million. According to the weekly bulletin issued by the Real Estate Registration Department at the Ministry of Justice, the total value of sales contracts for the period between December 22 and 26, 2024, reached QR223,038,050.
An additional QR41,611,388 was recorded in sales contracts for residential units during the same period.
The weekly report highlighted a diverse range of properties traded, which included vacant lands, residential homes, apartment buildings, commercial shops, mixed-use commercial and residential buildings, and standalone residential units. This variety reflects the dynamic nature of Qatar’s real estate sector, catering to different market needs and investment preferences.
Sales operations during the week were primarily concentrated in key municipalities such as Doha, Al Rayyan, Al Dhaayen, Al Wakrah, Umm Salal, Al Khor and Al Dhakira, and Al Shamal. Prominent areas like Lusail 69, The Pearl, Ghar Tha’alib, Legtaifiya, and Rawdat Egdaim also witnessed significant activity, showcasing their continued appeal to investors and homebuyers alike.
In comparison, the trading volume in the previous week, covering the period from December 15 to 19, 2024, stood at over QR253 million. This upward trend reflects sustained demand in the real estate market, buoyed by favorable economic conditions and increasing investor confidence.
Qatar’s real estate market continues to be a cornerstone of the nation’s economic diversification strategy. The ongoing expansion of urban infrastructure, coupled with high-profile developments such as Lusail and The Pearl, has strengthened the sector’s appeal to both local and international investors.
The Ministry of Justice’s real estate bulletin serves as a vital resource for market participants, providing transparency and critical insights into market trends. As Qatar continues to prioritize real estate as a key driver of growth, the sector is expected to maintain its momentum in the coming months, supported by a stable regulatory environment and the government’s ongoing commitment to infrastructure and urban development.
The significant trading volumes recorded during the week underscore the vibrancy of Qatar’s real estate market, marking a strong close to 2024 and setting the stage for a promising 2025.
