The volume of real estate trading in sales contracts registered with the Real Estate Registration Department of the Ministry of Justice during last September amounted to one billion and 419 million and 242 thousand and 383 riyals.
Data from the Analytical Real Estate Bulletin issued by the Ministry of Justice showed that 303 real estate transactions were recorded during the month, with the index of the number of properties sold recording an increase of 22% compared to August, while the index of the value of real estate transactions recorded an increase of 72%, and the index of traded spaces recorded an increase of 194%. .
The municipalities of Al Rayyan, Al Wakra, Doha, and Al Daayen topped the most active transactions in terms of financial value during the month of September according to the real estate market index, followed in terms of transaction volumes by the municipalities of Umm Salal, Al Khor, Al Dhakhira, Al Shamal, and Al Sheehaniya.
The real estate market index for September revealed that the financial value of Al Rayyan Municipality’s transactions amounted to (336 million, 778 thousand and 641 riyals), while Al Wakrah Municipality amounted to (332 million, 704 thousand and 875 riyals), and the financial value of Doha Municipality’s transactions amounted to (332 million, 427 thousand and 945 riyals). While in the municipality of Al-Daayen, it reached (278 million and 53 thousand and 746 riyals).
The municipality of Umm Salal recorded transactions worth (91 million, 832 thousand and 969 riyals), and the municipality of Al Khor and Al Dhakhira recorded transactions worth (33 million, 212 thousand and 253 riyals), while the municipality of Al Shamal recorded (14 million, 10 thousand and 555 riyals), and the municipality of Al Sheehaniya recorded transactions worth (221). One thousand and 390 riyals).
In terms of the traded areas index, the indicators showed that the municipalities of Al-Wakrah, Al-Rayyan, and Doha recorded the most active municipalities in terms of traded real estate spaces during the month of September, with a percentage of (59%) for Al-Wakrah Municipality, followed by Al-Rayyan Municipality with (14%), then Doha Municipality with (11%), while Al Daayen Municipality recorded transactions of (7%), Umm Salal Municipality recorded transactions of (6%), Al Khor and Al Dhakhira Municipality recorded transactions of (2%), while Al Shamal Municipality recorded (1%) of the total traded areas.
In terms of the index of the number of real estate transactions (properties sold), trading indicators showed that the most active municipalities during the month of September were Doha Municipality with a rate of (28%), followed by Al-Rayyan Municipality with a rate of (24%), then Al-Daayen Municipality with a rate of (15%). The municipalities of Al Wakrah and Umm Salal recorded transactions at a rate of (11%) each, while the municipalities of Al Khor and Al Thakhira recorded (6%), and finally the municipality of Al Shamal (4%) of the total real estate transactions.
The average prices per square foot for the month of September ranged between (411 – 709 riyals) in Doha, (227 – 420 riyals) in Al Wakra, (377 – 417 riyals) in Al Rayyan, (223 – 441 riyals) in Umm Salal, and ( 371 – 713 riyals) in Al Daayen, (216 – 348 riyals) in Al Khor and Al Dhakhira, (143 – 225 riyals) in Al Shamal, and (208 riyals) in Al Shahaniya.
The trading volume revealed the highest value (10) properties sold for the month of September, of which 5 properties were in Al Daayen Municipality, 4 in Al Rayyan Municipality, and one property in Al Wakrah Municipality.
Regarding the volume of mortgage transactions during the month of September, the number of mortgage transactions that took place during the month reached (72), with a total value of two billion and 593 million and 47 thousand and 691 riyals.
Doha Municipality recorded the highest number of mortgage transactions with (32) transactions, equivalent to (44.4%) of the total number of mortgaged properties, followed by Al-Rayyan Municipality with (22) transactions, equivalent to (30.6%) of the total number of mortgaged properties, then Al Daayen Municipality with (7) transactions, which is equivalent to (9.7%) of the total mortgaged properties, then Al Wakrah with (9) transactions, which is equivalent to (10.5%), and Umm Salal Municipality with (6) transactions, which is equivalent to (8.3%). The municipality of Al Khor and Al Dhakhira received (3) transactions, equivalent to (4.2%), and the municipality of Al Wakrah received two transactions, equivalent to (2.8%).
Regarding the value of the mortgages, the Municipality of Doha came in the lead with a value amounting to one billion, 671 million, 857 thousand and 254 riyals, while the municipality of Al Khor and Al Dhakhira recorded the lowest value, amounting to 9 million, 815 thousand and 564 riyals.
Looking at the indicator of the movement of mortgage transactions by studying the ratio of the number of mortgaged properties to the ratio of their financial value, the ratio of the number of mortgaged properties is greater than the ratio of the amounts of mortgage transactions, in all municipalities that witnessed mortgage transactions, except for the municipalities of Doha and Al Rayyan, where the amounts of mortgage transactions achieved higher ratios. Compared to the average number of mortgage transactions.
As for the movement and volume of mortgage transactions that took place during the month, Doha Municipality recorded 5 of the top 10 mortgaged properties, while Al-Rayyan Municipality recorded 4 mortgaged properties, and Umm Salal Municipality recorded one property. The volume of mortgage transactions for the top (10) properties reached 92% of the total value of all mortgage transactions that took place during the month of September.
Residential unit trading activity during the month of September recorded (97) residential unit transactions with a total value of 174 million, 844 thousand and 666 riyals.
Real estate trading data during the month of September 2024 showed that the real estate sector continues its steady and strong growth in various investment and commercial fields, thus continuing the active trading movement witnessed by the sector during the recent period, especially with the issuance of new laws and decisions related to real estate brokerage, real estate registration and documentation, and ownership. And benefit, in addition to laws that attract local and foreign capital.
These data also confirm the strength and solidity of the foundations of the Qatari economy and the continued growth of the real estate sector as one of its main components.