13 Hrs
Source:
وكالة الأنباء القطرية
Real estate deals worth 1.290B riyals in August
The total real estate transactions in Qatar during August amounted to 1.29 billion riyals, with 424 property deals recorded. The municipalities of Doha, Al Rayyan, and Al Dhaain topped the activity in terms of value, with transaction totals of 435.5 million riyals in Doha, 335.5 million in Al Rayyan, and 175.2 million in Al Dhaain. In contrast, Al Wakrah, Umm Salal, Al Khor, and Al Dakhira had lower transaction values. The data also showed that Doha and Al Rayyan were the most active in terms of the area of properties sold, each accounting for 28%, followed by Al Wakrah at 16%. The average price per square foot ranged from 517 to 892 riyals in Doha, 253 to 414 in Al Wakrah, and 357 to 466 in Al Rayyan. The highest value of sold properties involved ten transactions, including four in Doha and three in Al Rayyan. The mortgage records showed a total of 103 transactions with a combined value of 4.01 billion riyals, with Doha leading at over 3.62 billion riyals in mortgages. The data confirms the continued strong growth of Qatar's real estate sector, supported by new laws and regulations that enhance market attractiveness and investment opportunities.
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