Weekly real estate listings reach over 500 million QR
Aided by a mega deal of over QR 100 million in Al Rayyan Municipality, the total real estate transactions in the country during the week (April 24-28) reached over QR 569, data shows. published by the Ministry of Justice.
The transaction value is significantly higher than the previous week, as real estate transactions worth QR 207.8 million were recorded during the period April 17-21.
Al Rayyan Municipality came out on top in terms of deal value as deals worth QR 221 were signed during the week in this municipality. The largest transaction of the week also took place in this municipality.
A deal worth QR 105 million for “multiple commercial land” in Muaither area of Al Rayyan Municipality was signed during the week. This municipality hosted another big contract of QR 30 million for a vacant land of 10,000 square meters in Rawdat Egdaim.
Another major deal of the week was signed in Al Ebb area in Al Daayen Municipality for an amount of QR 30 million for an apartment complex.
In terms of number of deals, Doha Municipality came out on top with a total of 46 deals signed here.
This week’s deal was the second highest in April. The first week of April saw the highest volume, with deals worth QR 1 billion being signed in the first week (April 3-7). The second week of April saw the signing of real estate transactions worth QR 299.
Qatar’s real estate sector performed remarkably well in the first quarter of the year with total transactions reaching almost QR 5 billion.
According to data from the Ministry of Justice, real estate transactions in the first three months of the current year reached QR 4.9 billion.
The first quarter remained buzzing with trading activity, with a total of 1,251 trades recorded in January, February and March. The average real estate transaction size during the quarter was QR 3.9 million.
In March, total real estate transactions worth QR 1.5 billion were signed. February saw the highest number of deals, with real estate deals worth QR 1.74 billion being signed during the month, while in January deals worth QR 1.66 billion were signed. QR have been signed. The number of real estate transactions increased by 5% in 2021 compared to 5,116 transactions in 2020.