In a remarkable development for the real estate sector, Qatar recorded $116 million in real estate transactions in a week, reflecting robust trading activity driven by both local and foreign investment. This surge highlights the continued growth and resilience of the Qatari property market amidst global economic fluctuations. Between June 15 and June 19, the Real Estate Registration Department at the Ministry of Justice reported a significant volume of trading that underscores the ongoing demand for various property types.
The volume of real estate trading in sales contracts registered during the specified period amounted to QR423,674,670 ($116.3 million). This impressive figure showcases an active market, illustrating the appeal of Qatar’s real estate offerings.
During the same timeframe, the total sales contracts specifically for residential units reached QR59,529,651 ($16.3 million). This segment of the market continues to draw considerable interest, catering to both first-time buyers and investors alike.
The weekly bulletin released by the Department details a diverse array of properties that were traded for sale, contributing to the notable figure of $116 million in real estate transactions for the week. The listed properties comprised:
- Vacant lands
- Residential homes
- Apartment buildings
- Commercial buildings
- Shops
- Residential units
Qatar Real Estate Sales
The sales operations were concentrated in the municipalities of Al Rayyan, Doha, Al Wakrah, Umm Salal, Al Khor, Al Dhakira, Al Dhaayen, and Al Shamal. Additionally, prominent areas such as the Pearl, Lusail 69, and Ghar Thuaileb experienced significant trading activity, reflecting the growing appeal of these locations in Qatar’s real estate portfolio.