Real Estate trading in June reaches QR1.684 billion

Doha, Qatar:In June, the total value of real estate transactions reached 1,684,240,900 Qatari riyals. Data from the analytical real estate bulletin...

Doha, Qatar: In June, the total value of real estate transactions reached 1,684,240,900 Qatari riyals. Data from the analytical real estate bulletin issued by the Ministry of Justice showed that 372 real estate transactions were recorded during the month.

The municipalities of Doha, Al Rayyan, and Al Dhayen topped the most active transactions in terms of financial value in June, according to the real estate market index, followed by the municipalities of Al Wakrah, Umm Salal, Al Khor & Al Thakhira, Al Shamal, and Al Sheehaniya in transaction volumes.

The real estate market index for June revealed that the financial value of transactions amounted to 922,345,812 riyals in Doha Municipality, 397,807,840 riyals in Al Rayyan, and 124,153,736 riyals in Al Daayen.

Transactions in Al Wakrah reached 90,074,063 riyals, Umm Salal registered 82,987,792 riyals, Al Khor & Al Thakhira recorded 49,403,214 riyals, Al Shamal registered 15,168,470 riyals, and Al Sheehaniya recorded 2,300,000 riyals.

In terms of the index of transacted areas, Doha, Al Rayyan, and Al Daayen were the most active municipalities during June, accounting for 34% in Doha, followed by 32% in Al Rayyan, 11% in Al Daayen, while Umm Salal recorded 9%, Al Wakrah and Al Khor & Al Thakhira recorded 6% each, and Al Shamal accounted for 2% of the total transacted areas.