Qatar’s real estate sector witnessed deals worth over QR1.99bn in April compared to QR2.57bn in March this year, according to the Real Estate Bulletin released yesterday by the Ministry of Justice.
Total 403 real estate transactions were registered last month, compared to 649 transactions in March. According to the Real Estate Bulletin, Al Rayyan came at the top in terms of the value of deals, followed by Doha Municipality and Al Daayen Municipality.
The real estate sector of Qatar has able to maintain its momentum despite the challenging situation created by coronavirus pandemic. The number of deals taking place in real estate sector demonstrates the growing trust global and domestic investors on country’s robust economy.
The government has taken many initiatives in the past that have made country’s real estate sector attractive for investors. The value of deals in Al Rayyan reached QR768m while for Doha Municipality, deal value reached QR686m during April.
The value of deals in Al Daayen Municipality was QR274.7m in April. In terms of number of transactions, Doha Municipality came at the top as total 112 properties were sold in the municipality during the April. Doha Municipality accounted for 28 percent share in terms of number of deals.
Al Daayen Municipality share in total deals during the month was 25 percent as total 102 properties were sold here. Al Rayyan municipality took third spot in terms of number of deals accounting for 19 percent share with total 75 deals in April. In terms of the volume of mortgage transactions during the month of April, the total number of such transactions reached 171, with a total value of QR1.58bn.
In March this year, Doha Municipality came at the top in terms of the value of deals, followed by Al Wakrah Municipality and Al Rayyan Municipality, according to the Real Estate Bulletin.
