Property transactions in Qatar totalled over QR 558.8m ($153m) in the week of 17 to 21 May, indicated by figures released by the country’s real estate authority.
Data published by the Real Estate Registration Department at the Ministry of Justice illustrated that sales contracts registered in the period reached QR 558,832,165. The weekly bulletin mentions that residential unit sales accounted for an additional QR 42.1m in transactions during the same period.
The deals covered a broad spectrum of properties, which included vacant land plots, houses, residential buildings, residential compounds, a mixed-use administrative and commercial building, a palace, commercial-residential buildings, retail shops and residential units.
The vast majority of activity was focused in the municipalities of Al Rayyan, Doha, Al Daayen, Al Wakrah, Al Shamal, Umm Salal and Al Khor and Al Thakhira. Other transactions also recorded were in The Pearl Island, Al Kharaitiyat, Lusail 69, Al Wukair and Umm Al Amad.
The latest figures represent a visible increase from the previous reporting period, when property sales between 10 to 14 May amounted to QR 405.7m.
The increase in transaction value indicates a continued momentum in Qatar’s real estate market, particularly across residential and mixed-use developments in and around Doha.
