Doha: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice during April 2023 amounted to QR947,280,012.
The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 157 real estate transactions were recorded during the month.
Al Daayen, Doha, and Al Rayyan Municipalities topped the most active transactions in terms of financial value during April 2023, according to the real estate market index, followed by Umm Slal, Al Wakrah, Al Khor & Dhakira, Al Shamal and Al Sheehaniya Municipalities.
The real estate market index for the month of April revealed that the financial value of Al Daayen Municipality’s transactions amounted QR395,105,441. The financial value of Doha Municipality’s transactions amounted to QR293,634,148.
The financial value of Al Rayyan Municipality’s transactions amounted to QR157,446,724, the financial value of Umm Slal Municipality’s transactions amounted to QR48,903,242. Al Wakrah Municipality recorded transactions with a value of QR21,755,083, and Al Khor & Dhakira Municipality recorded transactions with a value of QR21,702,100. Al Shamal Municipality recorded trading with a value of QR7,000,000.
In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Al Dhaayen Municipalities recorded the most active municipalities in terms of traded real estate spaces during the month of February, with 30 percent for Al Rayyan Municipality, followed by Doha Municipality with 25 percent, Al Dhaayen with 21 percent, while Umm Slal recorded 11percent, Al Shamal recorded six percent, Al Wakrah recorded five percent, Al Khor & Dhakira Municipalities recorded five percent, and Al Shamal recorded three percent of the total traded spaces each.
In terms of the index of the number of real estate transactions (sold properties), trading indices revealed that the most active municipalities during the month of April were Doha Municipality (30 percent), followed by Al Rayyan Municipality (28 percent), Al Dhaayen Municipality (16 percent), and Umm Slal Municipality (11 percent), Al Wakrah Municipality (7 percent), while Al Khor & Dhakira Municipality recorded (6 percent) and Al Shamal and Al Sheehaniya Municipalities recorded (1 percent) each of the total real estate transactions.
Average per square foot prices for the month of April ranged between (487-864) in Doha, (274-331) in Al Wakrah, (335-403) in Al Rayyan, (252-473) in Umm Slal, (297-716) in Al Dhaayen, (217-700) in Al Khor & Dhakira, (142) in Al Shamal, and (212) in Al Sheehaniya.
The trading volume revealed that the highest value of (10) properties sold was recorded for the month of April, recording 6 properties in Doha Municipality, and two properties in Al Rayyan and Al Dhaayen Municipalities.
As for the volume of mortgage transactions that took place during the month of April 2023, the number of mortgage transactions amounted to 43 transactions, with a total value of QR2,233,477,938.
