Real estate deals worth QAR3.191bn formalised in Q2 of 2024
Qatar’s real estate sector continued its strong growth in the second quarter of the year, witnessing deals worth QAR3.191bn for 808 real estate transactions, according to data released by the country’s Ministry of Justice.
The country’s market is poised to benefit in the long-term, driven by several infrastructure projects and developments, expansion of the industry across the country, and investment-friendly initiatives implemented by the government.
The country’s real estate index achieved a total value of QAR4.375bn for 795 real estate transactions in the first quarter.
The real estate transactions reached their highest level in May 2024, with a total value of QAR1.26bn. April 2024 registered a total value of QAR811m, and June of this year also recorded QAR1.118bn in realty transactions.
The real estate market index for the second quarter of 2024 revealed Doha Municipality (QAR1.113bn), Al Rayyan Municipality (QAR831m), and Al Dhaayen Municipality (QAR522m) were the most active in terms of financial value.
The most active municipalities, in terms of the number of real estate sold, were Al Rayyan (26%), followed by Doha (25%) and Al Dhaayen (15%).
According to the area index in Q2, 2024, the indices show that the most active municipalities in the real estate trading movement were Al Rayyan and Doha (27% each), followed by Al Wakrah (17%).
Meanwhile in Q2, 2024, the value of top ten properties registered showed four properties in Doha Municipality, three in Al Dhaayen , two in Al Rayyan and one in Al Wakrah Municipality.
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