Since more houses were sold in April of this year, Qatar’s real estate market has flourished. There were 201 properties sold nationwide in April 2024, up 28% from the same month the year before.

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Al Rayyan had 49 properties as of April 2024, up 11% over the previous year. Al Wakra had 45 (309%), Umm Slal 22 (29.4%), Al Shamal 8 (700%), Al Khor, and Thakhira 10.5 (110%) buildings. The National Planning Council revealed numbers that showed annual reductions in the municipalities of Doha, Al Daayen, and Al Sheehaniya.

Sales of real estate in the nation reached QR811.6 million in April 2024. In terms of attracting investment, the real estate industry in Qatar is among the fastest expanding, coming in second only to the energy sector.

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There were 466 building permits issued in Qatar in April 2024 compared to April 2023, a 21.7 percent increase. With 235 additions and 12 fence permits in April 2024, the new building permits made up 219 of the construction permits issued overall.

Since building licenses are seen as a key indicator of the health of the construction industry, which is vital to the country’s economy, building permit data is particularly essential.

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Throughout the first three months of this year, the real estate market in Qatar grew. The first quarter of 2024 witnessed transactions in the real estate industry of QR4.253 billion.

Long-term growth in the market is anticipated due to a number of infrastructure projects and advancements, the spread of industry throughout the nation, investment-friendly policies put in place by the Qatari government, and a desire for safe investment.

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The total value of real estate transactions peaked in January 2024 at QR1.919 billion. In February 2024, there were real estate transactions valued at QR1.391 billion, whereas in March of this year, there were deals valued at QR942 million.