- The index of the real estate market index for December 2023 revealed that the Municipality of Doha, Municipality of Al Rayyan and Municipality of Al Wakrah were the most active municipalities with regard to financial value
Qatar: Realty deals worth $417mln inked in December 2023
Doha, Qatar: Real estate trading in Qatar has crossed QR1.5bn in December 2023. According to the real estate data from the Ministry of Justice, the real estate transactions during December reached QR1.521bn.
During December 2023, the real estate transactions index achieved a total value of QR1.521bn for 329 real estate deals. Compared to November 2023, it is found that the index of real estate has registered an increase of 2 percent.
According to the data the index of real estate registered a rise of 4 percent and concerning index of traded spaces of real estate trading registered a decrease of 3 percent.
The index of the real estate market index for December 2023 revealed that the Municipality of Doha, Municipality of Al Rayyan and Municipality of Al Wakrah were the most active municipalities with regard to financial value. The financial value transactions of Municipality of Doha amounted to QR716.299m, Al Rayyan Municipality came in second place with value of transactions amounting to QR252.656m and Al Wakrah Municipality came in the third place with a trading value amounting to QR194.519m.
The indices show that the most active municipalities in real estate trading according to the area index are Doha Municipality by 31 percent followed by Al Rayyan Municipality by 21 percent, and Al Wakrah Municipality by 16 percent of the total deals area.
During December 2023, the most active municipality with regard to the number of solid real estate’s were the municipality of Al Rayyan by 20 percent, then the municipality of Rayyan by 20 percent and municipality of Al Dhaayen by 15 percent.
The trading revealed the value of the top 10 real estate’s for December 2023, which registered six real estates in Doha Municipality, and two real estates in each of Al Rayyan and Al Wakrah municipality.
During December 2023, the volume of mortgage transactions reached 105 with a total amount of QR3.86bn where Al Rayyan Municipality registered the highest number of mortgage transactions with 40 (equivalent to 38.1 percent) of the total number of mortgaged real estates. This was followed by Doha Municipality with 30 transactions (equivalent to 28.6 percent) of the total number of mortgaged properties. Then Al Dhaayen Municipality with 11 transactions (equivalent to 10. 5 percent) of the total number of mortgaged properties.
Qatar’s real estate sector witnessed deals worth QR4.375bn in the second quarter (Q2) of the year. A total of 795 transactions were registered in the country.
The real estate transactions achieved the highest levels during May 2023 with a total value of QR1.853bn and compared to the second quarter of 2022, the number of real estate index recorded increased.
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