Qatar real estate trading volume tops QR499 mn in one week
Qatar's real estate trading volume reached QR 499.777 million during the week from October 4 to 8, according to the weekly bulletin issued by the Real Estate Registration Department at the Minist...
In the week of October 4-8, Qatar's real estate market witnessed a surge in trading activity, with the Real Estate Registration Department reporting a record volume of QR 499.777 million. This marked a significant increase compared to the previous reporting period, which saw transactions totaling QR 508 million.
The registered property sale contracts accounted for the majority of the trading volume, with a total of QR 419,009,596 exchanged. This figure included a diverse range of properties such as vacant plots, houses, residential buildings, commercial buildings, shops, apartments, and units. These transactions took place across various municipalities, including Al Rayyan, Doha, Al Wakra, Al Daayen, Umm Slal, Al Khor, Al Thakhira, Lusail 69, The Pearl Island, Al Wukair, Ghar Thuaileb, Al Kharaij, Al Gharrafa, and Al Sakhama.
In addition to the sales of residential units, the weekly bulletin also recorded sales of residential units that fall under the scope of the residential units weekly bulletin. These sales contributed another QR 80,767,845 to the overall trading volume during the same period.
The diverse range of properties traded and the high volume of transactions demonstrate the robustness and growth of Qatar's real estate market. The concentration of activities in specific municipalities highlights the concentration of real estate activity in key areas across the country.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
