DOHA: Qatar’s Robust Economy Continues To Experience Steady Growth, Presenting Numerous Opportunities Within The Real Estate Sector.
In October 2024, the real estate transactions index recorded a total value of QR1.514 billion from 355 deals. This marks a 17 percent increase compared to September 2024, while the real estate trading index rose by 7 percent. Conversely, the traded areas index saw a decline of 42 percent, according to data from the Real Estate Registration Department at the Ministry of Justice.
During this period, Doha, Al Rayyan, and Al Dhaayen Municipalities emerged as the leaders in terms of transaction volume and financial value within the real estate market.
The real estate market index for October 2024 indicated that transactions in Al Doha Municipality reached QR640 million. In comparison, Al Rayyan Municipality recorded transactions totaling QR321 million, while Al Dhaayen Municipality saw its transactions amount to QR301 million.
In terms of property sales during October, the most active municipalities were led by Doha at 33%, followed by Al Rayyan at 23% and Al Dhaayen at 17%.
According to the area index, the most active municipalities were Al Rayyan with 34%, followed by Doha at 25%, and Al Dhaayen at 18% of the total data area.
The trading volume highlighted that October saw the highest value in the sale of 10 properties, with four located in Al Dhaayen Municipality, three in Al Rayyan, and one in Al Wakrah.
In October 2024, the volume of mortgage transactions reached 146, with a total value of QR17,476,934,086.
Doha and Al Rayyan Municipalities reported the highest number of mortgage transactions, each accounting for 48 transactions, or 32.9% of the total mortgaged properties. Al Dhaayen followed with 17 transactions, representing 11.6% of the total.
During this month, trading activity for residential units increased compared to September 2024, with a total of 101 deals completed for residential properties, valued at QR186 million.
Recently, Qatar hosted the Real Estate Forum and Cityscape 2024 which brought together real estate experts and stakeholders from around the world, establishing it as a premier event for knowledge sharing, expertise exchange. The forum explored future trajectories within the real estate sector, while showcasing various opportunities within the growing industry.
Qatar’s Third National Development Strategy (NDS3) relies heavily on the real estate sector. The goal is to make Qatar more attractive to investors and businesses. It aims to create a welcoming environment for both investors and skilled workers and to priorities economic sectors and ensure a high quality of
life for everyone living in Qatar.
