Real estate trading volume exceeds QR583 million in one week

In a single week last month, real estate transactions in Qatar reached a record high, with sales contracts totaling QR 583.1 million. The Real Estate Registration Department at the Ministry of Justice reported these figures, which were based on sales agreements signed between September 20 and 24.

The traded properties encompassed a diverse range of real estate types, including vacant land, houses, residential buildings, service buildings, commercial buildings, and residential units. The sales were primarily concentrated in several key municipalities, such as Al Rayyan, Doha, Umm Salal, Al Wakrah, Al Daayen, Al Khor, Al Dhakira, and Al Shamal, as well as in areas like Lusail 69, The Pearl Island, Al Wukair, Al Gharafa, Al Kharayej, and Ghar Thuaileb.

This significant trading volume surpassed the previous peak of QR 370 million, which occurred during the preceding week from September 13 to 17. The data highlights the robustness of Qatar's real estate market during this period, as transactions of this scale underscore the sector's vitality and ongoing demand.