- Qatar's real estate market recorded transactions totaling $222.86 million in April 2024, indicating a robust performance.
Qatar’s real estate market sees $222.86 million in transactions during April 2024
In April 2024, the volume of real estate trading in sale contracts in Qatar registered with the Real Estate Registration Department at the Ministry of Justice amounted to QAR811,561,323 ($222.86 million). The data from the real estate analytical bulletin issued by the Ministry of Justice revealed that 201 real estate transactions were recorded during the month.
Top performing municipalities
The top municipalities in terms of financial value of real estate transactions in April were Doha, Al Rayyan, and Al Wakrah, followed by Al Dhaayen, Umm Salal, Al Khor and Al Dhakira, and Al Shamal.
In terms of traded real estate space, Al Wakrah, Doha, and Al Rayyan municipalities recorded the most active, followed by Al Dhaayen, Umm Salal, Al Khor and Al Dhakira, and Al Shamal.
Looking at the number of real estate transactions (sold properties), the most active municipalities during April were Al Rayyan, followed by Al Wakrah, Doha, Al Dhaayen, Umm Salal and Al Khor, and Al Shamal.
The average per square foot prices in April ranged from 436 to 937 in Doha, 219 to 424 in Al Wakrah, 342 to 462 in Al Rayyan, 262 to 474 in Umm Salal, 299 to 623 in Al Dhaayen, 234 to 358 in Al Khor and Al Dhakira, and 125 to 273 in Al Shamal.
The trading volume revealed the highest value of 10 properties sold in April, with 7 in Doha, one in each of Al Rayyan, Al Wakrah, and Al Dhaayen.
Mortgage market activity
In terms of mortgage transactions, the total value was QAR4,328,333,972 ($1.18 billion) across 161 transactions. Umm Salal had the highest number of mortgages, followed by Doha and Al Rayyan. The municipality of Doha had the highest mortgage value, while Al Shamal had the lowest.
The residential unit trading movement in April reached 33 transactions with a total value of QAR59,607,264 ($16.38 million).
