Qatar real estate trading exceeds QAR 600 million in one week

Qatar’s Qatar real estate sector recorded trading activity exceeding QAR 600 million during the week from May 17 to May 21, according to data released by the Real Estate Registration Department.

The weekly real estate bulletin stated that the value of registered property sales contracts reached approximately QAR 558.8 million, while residential unit sales contracts totaled more than QAR 42.1 million.

The traded properties included vacant land plots, residential houses, apartment buildings, residential compounds, administrative and commercial buildings, commercial shops, residential units, and palaces.

Sales activity was concentrated in the municipalities of Al Rayyan, Doha, Al Daayen, Al Wakrah, Al Shamal, Umm Salal, and Al Khor and Al Thakhira, as well as in The Pearl Island, Al Kharaitiyat, Lusail 69, Al Wukair, and Umm Al Amad.

The data showed an increase in trading volume compared to the previous week, which recorded more than QAR 405 million in transactions, reflecting continued positive momentum in Qatar’s real estate market.