Real estate trading in Qatar has crossed QR1bn in November 2022. According to the monthly real estate data from the Ministry of Justice, the real estate transactions during November reached QR1.365bn.
During November 2022, the real estate transactions index achieved a total value of QR1.365bn for 208 real estate deals.
According to the data the index number of real estates registered a decrease of 31 percent and concerning index of the value of real estate trading, it did not register any change (9 percent). And as for the index of traded areas it recorded an increase of 24 percent.
The index of the real estate market for November 2022 revealed that the Municipality of Doha, Municipality of Al Rayyan and Municipality of Al Dhaayen were the most active municipalities with regard to financial value. The financial value transactions of Municipality of Doha amounted to QR749.784m, Al Rayyan Municipality came in second place with value of transactions amounting to QR284.052m and Al Dhaayen Municipality came in the third place with a trading value amounting to QR110.183m.
The indices show that the most active municipalities in real estate trading according to the area index are Doha Municipality by 50 percent followed by Al Rayyan Municipality by 22 percent, and municipalities of Al Dhaayen and Umm Slal by 8 percent of the total deals area for each.
During November 2022, the most active municipality with regard to the number of solid real estates were the municipality of Al Rayyan by 29 percent, then the municipality of Doha by 25 percent and municipalities of Al Dhaayen and Umm Slala by 12 percent for each.
The trading revealed the value of the top 10 real estates for November 2022, which registered three real estates in Al Rayyan Municipality, and two real estates in each of Al Khor and Dhekra, Doha and Al Daayen municipalities and one property in Umm Slal municipality.
During November 2022, the trading movement in The Pearl and Al Kassar area witnessed a decrease in trading volume compared to that of October of the same year where the number of deals reached 47 for the residential units with a total value of QR107.143m.
Qatar’s real estate sector witnessed deals worth QR4.056bn in the third quarter (Q3) of this year. A total of 1,045 transactions were registered in the country, according to Ministry of Justice data.
The real estate transactions achieved its highest levels during August 2022 with a total value of QR1.535bn.
In the second quarter (Q2) of 2022, deals worth QR6.37bn were registered with a total of 1,203 transactions.
