Realty deals jump 40%, hit QR14.618bn over nine months
The Peninsula
Doha, Qatar: Qatar s real estate market has seen an upward growth trajectory as the country registered 3,597 real estate transactions worth QR14.618bn...
Doha, Qatar: Qatar’s real estate market has seen an upward growth trajectory as the country registered 3,597 real estate transactions worth QR14.618bn for the first nine months (January to September) of this year.
Compared to the same period in last year this shows an impressive jump of 35 percent and 40 percent in the property trading volume and value of transactions respectively as the first nine months of 2024 saw 2,586 transactions worth QR10.819bn, according to data by Ministry of Justice.
With the country’s strategic focus on economic diversification and long-term urban planning, the real estate market is well-positioned to thrive, offering stable and lucrative opportunities for investors. The realty market has witnessed substantial developments and major regulatory reforms that turned it into a promising market for investment opportunities.
Qatar’s Third National Development Strategy (NDS3) relies heavily on the real estate sector. The goal is to make Qatar more attractive to investors and businesses and creating a welcoming environment for both investors and skilled workers.
The Real Estate Regulatory Authority continues its efforts to stimulate and develop the real estate sector in the country, contributing to economic diversification in line with the Third National Development Strategy, which emphasises economic diversification as a crucial necessity for achieving sustainable economic growth.
