Doha: Real estate trading in Qatar has crossed QR1bn in October 2022. According to the monthly real estate data from the Ministry of Justice, the real estate transactions during October reached QR1.492bn.
During October 2022, the real estate transactions index achieved a total value of QR1.492bn for 301 real estate deals compared to September of the same year.
According to the data the index number of real estates registered a decrease of 41 percent and concerning index of the value of real estate trading, it registered an increase amounting to 10 percent. And as for the index of traded areas recording a decrease of 20 percent.
The index of the real estate market for October 2022 revealed that the Municipality of Al Rayyan, Municipality of Doha and Municipality of Al Dhaayen respectively were the most active municipalities with regard to financial value. The financial value transactions of Municipality of Al Rayyan amounted to QR745.77m, Doha Municipality came in second place with value of transactions amounting to QR317.012m and then Al Dhaayen Municipality came in the third place with a trading value amounting to QR238.84m.
The indices show that the most active municipalities in real estate trading according to the area index are Al Rayyan municipality by 45 percent followed by Al Dhaayen Municipality by 19 percent and Doha Municipality by 17 percent of the total deals area.
During October 2022, the most active municipality with regard to the number of solid real estates were the municipality of Al Rayyan by 36 percent, then the municipality of Doha by 26 percent and then the Municipality of Al Dhaayen by 13 percent.
The trading revealed the value of the top 10 real estate for October 2022, which registered six real estates in Al Rayyan Municipality, and two real estates in Doha Municipality and one property in each of the Municipalities of Al Daayen and Al Wakrah. During October 2022, the trading movement in The Pearl and Al Kassar area witnessed an increase in trading volume compared to that of September of the same year where the number of deals reached 86 for the residential units with a total value of QR197.13m.
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. Compared to the third quarter of 2021, the number of real estate index decreased.
In the second quarter (Q2) of 2022, deals worth QR6.37bn were registered with a total of 1,203 transactions.
