Doha, Qatar — Qatar reported a total of 321 real estate transactions worth QR 1.46 billion ($400 million) in November 2023, with the index of sold real estate increasing by 10 percent and the index of traded areas by 7 percent.
Top-performing municipalities in financial value included Doha, Al Rayyan, and Al Dhaayen. Doha led with transactions worth QR 603 million, followed by Al Rayyan at QR 504 million and Al Dhaayen at QR 116 million.
The traded space index indicated Al Rayyan, Doha, and Umm Salal as the most active municipalities, accounting for 36 percent, 25 percent and 13 percent, respectively.
In terms of the number of real estate transactions, Al Rayyan led with 28 percent, followed by Doha with 26 percent, Al Dhaayen with 13 percent and Al Wakrah and Umm Salal each at 13 percent.
Average per square foot prices varied across municipalities, ranging from (613-791) in Doha to (134-188) in Al Shamal.
The trading volume highlighted the sale of 10 properties in November, with 6 in Doha, 3 in Al Rayyan, and 1 in Umm Salal.
Mortgage transactions totaled 88, amounting to QR 3.19 billion. Al Rayyan dominated with 38 transactions, followed by Doha with 25, and Al Dhaayen with 11.
Doha Municipality took the lead in mortgage value at QR 2.2 billion, while Al Shamal recorded the lowest at QR 1.65 million.
Residential unit trading in November saw 170 transactions, accumulating a total value of QR 359 million.
