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Home Qatar Business News

Real Estate Trading Volume Surpasses QR229 Million in Qatar

Team QT by Team QT
August 31, 2024
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Real Estate Trading Volume Surpasses QR229 Million
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  • Real estate trading in sales contracts from August 18 to 22 reached QR 205.5 million.
  • The traded properties included vacant lands, houses, residential buildings, commercial buildings, shops, and residential units.
  • Sales were concentrated in Doha, Al Rayyan, Al Daayen, Umm Salal, Al Khor and Al Dakhira, Al Wakrah, Al Shamal, The Pearl Island, and Lusail.
  • The real estate trading volume from August 11 to 15 exceeded QR 184 million.

During the week of August 18 to 22, the Department of Real Estate Registration at the Ministry of Justice recorded substantial real estate trading activity. The total volume of sales contracts amounted to QR 205,551,967, highlighting a thriving real estate market. Of this amount, QR 23,493,340 was attributed to the sales of residential units, indicating a robust demand for housing in Qatar.

The Department’s weekly Real Estate Bulletin provided a detailed overview of the types of properties that were traded. The sales list included a diverse range of real estate assets, such as vacant lands, houses, residential buildings, and a mixed-use residential commercial building. Additionally, shops and residential units were also among the properties traded, reflecting the varied interests of buyers in the market.

Real estate transactions during this period were primarily concentrated in several key municipalities. Doha, Al Rayyan, Al Daayen, Umm Salal, and Al Khor and Al Dakhira saw significant trading activity. Other active areas included Al Wakrah, Al Shamal, as well as the prominent regions of The Pearl Island and Lusail.

The week prior, from August 11 to 15, also witnessed substantial real estate activity, with sales contracts exceeding QR 184 million. This consistent level of trading over consecutive weeks underscores the dynamic nature of Qatar’s real estate market.

The continued interest in diverse property types across multiple municipalities highlights the strength of the real estate sector in Qatar. The data suggests a well-distributed demand for both residential and commercial properties, signaling sustained investor confidence in the market.

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Team QT

Team QT

Team QT is the collective voice behind QatarsTalk, bringing you the latest and most insightful content from Qatar. Comprised of dedicated writers, researchers, and journalists, Team QT focuses on delivering high-quality articles on a wide range of topics, including local news, business trends, cultural highlights, and personal stories. Their mission is to inspire, connect, and influence the community by sharing diverse narratives and valuable insights about life in Qatar. With a passion for storytelling, Team QT ensures that every piece resonates with the readers.

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