Doha: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice during February 2023 amounted to QR 2,40,558,163.
The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 382 real estate transactions were recorded during the month.
Compared to January 2023, the real estate index increased by 70 percent compared to January 2023, while the value of real estate trading index increased by 79 percent, and the traded areas index increased by 51 percent.
Doha, Al Rayyan, and Al Daayen Municipalities topped the most active transactions in terms of financial value during February 2023, according to the real estate market index, followed by Al Wakrah, Umm Slal, Al Khor and Dhakira, and Al Shamal Municipalities.
The real estate market index for the month of February revealed that the financial
value of Doha Municipality’s transactions amounted to QR 947,788,289.
The financial value of Al Rayyan Municipality’s transactions amounted to QR 591,552,282.
The financial value of Al Dhaayen Municipality’s transactions amounted to QR 194,611,364, the financial value of Al Wakrah Municipality’s transactions amounted to QR 142,740,491. Umm Salal Municipality recorded transactions with a value of QR 80,410,439, and Al Khor and Dhakira Municipality recorded transactions with a value of QR 59,605,402.
Al Shamal Municipality recorded trading with a value of QR 23,850,000.
In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Al Wakrah Municipalities recorded the most active municipalities in terms of traded real estate spaces during the month of February, with 38 percent for Al Rayyan Municipality, followed by Doha Municipality with 19 percent, Al Wakrah with 17 percent, and Al Dhaayen with 11 percent, while Umm Slal recorded six percent, Al Khor & Dhakira Municipalities recorded five percent, and Al Shamal recorded four percent of the total traded spaces each.
The trading volume revealed that the highest value of 10 properties sold was recorded for the month of February, recording 6 properties in Doha Municipality, 4 properties in Al Rayyan Municipality.
