Real estate trading volume reaches QR1.2bn in May

Doha, Qatar: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in...

Doha, Qatar: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in May 2024, amounted to QR1,260,555,145.

The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 322 real estate transactions were recorded during the month, as the number of properties sold index recorded an increase of 60 percent, compared to April 2024, while the value of real estate transactions index recorded an increase of 55 percent, and the index of traded areas recorded an increase of 58 percent.

Doha, Al Rayyan, and Al Wakrah municipalities topped the most active transactions in terms of financial value in May, according to the real estate market index, followed by Al Dhaayen, Umm Salal, Al Khor and Al Dhakira, and Al Shamal.

The real estate market index for May 2024, revealed that the financial value of Doha municipality’s transactions amounted to QR541,272,926. The financial value of Al Rayyan municipality’s transactions amounted to QR295,349,835 while the financial value of Al Wakrah municipality’s transactions amounted to QR164,512,981. The financial value of Al Dhaayen municipality’s transactions amounted to QR127,375,075. Umm Salal municipality recorded transactions with a value of QR86,202,539m, while and Al Khor and Al Dhakira municipality recorded trading with a value of QR31,237,539M, Al Shamal municipality recorded transactions with a value of QR14,604,250.

In terms of the traded space index, indicators revealed that Al Wakrah, Doha, and Al Rayyan municipalities recorded the most active municipalities, in terms of traded real estate spaces during May, with 34 percent for Doha Municipality, followed by Al Rayyan with 22 percent and and Al Wakrah with 20 percent, with Al Dhaayen recording 11 percent, Umm Salal 6 percent, while Al Khor and Al Dhakira recorded 4 percent, and Al Shamal 3 percent, of the total traded spaces.