Qatar Real Estate Achieves $411 Million Trading Volume in November
November 2023 witnessed a robust performance in Qatar’s real estate market as the Real Estate Registration Department at the Ministry of Justice recorded a notable trading volume of QR1,460,878,851 through sale contracts. Throughout the month, 321 real estate transactions were officially registered, reflecting a ten percent increase in the sold real estate index and a seven percent increase in the traded areas index compared to October 2023. The latest real estate market index highlights the municipalities of Doha, Al Rayyan, and Al Dhaayen as the most active in terms of financial value. Subsequently, Umm Salal, Al Wakrah, Al Khor, Al Dhakira, Al Shamal, and Al Shahaniya also contributed significantly to the thriving market. Breaking down the financial values, the Doha municipality led with transactions totaling QR603,706,536, followed closely by Al Rayyan with QR504,297,830, and Al Dhaayen with QR116,096,458. Umm Salal recorded transactions valued at QR109,356,712, while Al Khor and Al Dhakira reached QR21,835,758. Al Shamal, Al Shahaniya, and Al Wakrah also played integral roles, recording transactions worth QR13,715,533, QR3,000,000, and QR88,888,024, respectively. Visit the properties for sale with NBS Real Estate : Click Here Analyzing the traded space index, Al Rayyan, Doha, and Umm Salal emerged as the most active municipalities, accounting for 36% of the total traded spaces. Doha municipality secured a notable 25%, closely followed by Umm Salal with 13%. Al Dhaayen, Al Wakrah, Al Khor, Al Dhakira, Al Shamal, and Al Shahaniya also contributed significantly to the traded spaces index. Examining the number of real estate transactions, Al Rayyan (28%), Doha (26%), Al Dhaayen (13%), Al Wakrah (13%), Umm Salal (12%), Al Khor and Al Dhakira (4%), and Al Shamal (4%) emerged as the most active municipalities. For November, average prices per square foot varied across municipalities: (613-791) in Doha; (244-558) in Al Wakrah; (322-469) in Al Rayyan; (322-439) in Umm Salal; (255-562) in Al Dhaayen; (229-238) in Al Khor and Al Dhakira; (134-188) in Al Shamal; and 194 in Al Shahaniya. This comprehensive overview showcases the vibrancy and resilience of Qatar’s real estate market in November, with diverse municipalities contributing to the sector’s sustained growth.
