Qatar: Real estate trading volume reaches $425mln in July

Qatar: Real estate trading volume reaches $425mln in July

Doha, Qatar: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in July 2023 amounted to QR1,548,821,347.

The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 258 real estate transactions were recorded during the month. Doha, Al Rayyan, and Al Dhaayen municipalities topped the most active transactions in terms of financial value in July 2023, according to the real estate market index, followed by Al Wakrah, Umm Slal, Al Khor and Al Dhakira, and Al Shamal.

The real estate market index for the month of July revealed that the financial value of Doha municipality’s transactions amounted to QR826,424,515. The financial value of Al Rayyan municipality’s transactions amounted to QR360,599,413; while the financial value of Al Dhaayen municipality’s transactions amounted to QR146,893,466.

The financial value of Al Wakrah municipality’s transactions amounted to QR124,088,180. Umm Salal municipality recorded transactions with a value of QR63,499,203, while Al Khor and Al Dhakira municipality recorded transactions with a value of QR20,690,000, and Al Shamal municipality recorded trading with a value of QR6,326,570.

In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Al Wakrah municipalities recorded