Qatar's Real Estate Transactions Hit QR1.754 Billion in September

Qatar's real estate market saw significant activity in September, with transactions valued at QR1.754 billion, marking a 36% increase from the previous month. The number of properties sold rose 17%, while the total area traded expanded by 62%. A total of 495 property sale transactions were registered during the month. Doha, Al Rayyan, and Umm Salal recorded the highest transaction values, with Doha leading at QR536.165 million, followed by Al Rayyan at QR514.135 million and Umm Salal at QR235.799 million, Qatar News Agency (QNA) said in a statement.

In terms of total traded area, Al Rayyan accounted for 35%, followed by Umm Salal at 20%, and Doha at 17%. Al Rayyan also led in the number of properties sold, with 29% of the total, followed by Doha at 28% and Al Wakrah at 15%. The average price per square foot varied across municipalities, ranging from QR472 to QR807 in Doha and QR248 to QR459 in Al Wakrah.

Mortgage transactions totaled 229, with a combined value of QR5.114 billion. Doha recorded the highest number of mortgage transactions, at 120, and the highest mortgage value, at QR4.401 billion. Residential unit sales totaled 176 transactions, with a combined value of QR280.854 million.

The Qatar Real Estate Analytical Bulletin, published by the Ministry of Justice, highlighted the continued activity in Qatar's real estate investment and commercial segments. The bulletin also noted legislative and regulatory developments concerning real estate brokerage, registration, and documentation, as well as measures aimed at attracting domestic and foreign capital.