Qatar Real Estate Sector Records $300 Million in Residential Sales
In a remarkable week for Qatar’s real estate sector, official figures reveal that residential unit sales have surged to a staggering $300 million. This surge in real estate activity underscores the dynamism of the market.
The data, sourced from the Department of Real Estate Registration at the Ministry of Justice, shows a substantial volume of trading in sales contracts during the period from October 15 to October 19, 2023. The total value of these transactions reached QR308,321,471, equivalent to $85 million.
The Real Estate Bulletin for the same period reports a grand total of QR1,092,105,681, which translates to $300 million, reflecting a robust real estate market.
Varied Real Estate Transactions
The weekly bulletin from the Department of Real Estate Registration highlights a diverse array of real estate properties that have been actively traded for sale. These include vacant lands, houses, residential buildings, commercial buildings, shops, and residential units.
The sales activities have been concentrated in various municipalities, such as Al Rayyan, Doha, Al Wakrah, Al Daayen, Umm Salal, Al Khor, and Al Dakhira. Additionally, notable real estate zones like the Pearl, Al Dafna, and Lusail have also experienced significant transactions.
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