Doha, Qatar: Qatar’s real estate sector witnessed growth in June this year as total value of transactions reached QR1.692bn through 541 registered deals.
The data issued by the Real Estate Registration Department at the Ministry of Justice revealed that the real estate market index for June shows Doha, Al Rayyan, and Al Wakrah municipalities were the most active in terms of financial value.
Doha Municipality recorded the highest value of real estate transactions at QR640.140m in June, accounting for the largest share of the market in financial terms.
Al Rayyan Municipality followed closely with property deals worth QR418.378m, while Al Wakrah Municipality ranked third with transactions valued at QR236.184m. Together, the three municipalities accounted for the overwhelming majority of the month’s total transaction value, highlighting their continued importance as Qatar’s principal real estate markets.
In terms of sales activity, Doha and Al Rayyan led all municipalities by recording 25 percent of the total number of properties sold during June. This was followed by Al Wakrah which represented 20 percent and then Al Dhaayen 9 percent. The figures indicate sustained demand for residential, commercial and investment properties across the country’s fastest-growing urban centres.
The market index also measured activity based on the total area of land traded. This showed Al Rayyan maintained a commanding lead, representing 34 percent of the overall transaction area during the month. Doha followed with 21 percent, while Al Wakrah accounted for 20 percent of the total area traded.
The report highlighted the concentration of high-value transactions during June. Of the ten most valuable properties sold during the month, five were located in Doha Municipality, three in Al Rayyan and one property in each of the municipalities of Al Dhaayen and Umm Slal.
Average building prices also varied considerably across municipalities. In Doha the average price reached QR925 per square foot. Al Daayen followed at QR550 per square foot, reflecting in-creasing demand in the municipality. Al Wakrah recorded an average of QR424 per square foot, while Umm Slal stood at QR453.
The average price for buildings reached QR442 per square foot in Al Rayyan, QR332 in Al Khor and Dhakira, QR256 in Al Shamal and 262 in Al Sheehaniya during the reporting period.
Vacant land prices showed a similar pattern, with Doha leading at an average of QR499 per square foot. Al Rayyan recorded an average of QR367, followed by Al Daayen at QR351. Average land prices reached QR348 in Umm Slal, QR242 in Al Wakrah, QR260 in Al Khor and Dhakira, QR161 in Al Shamal reflecting variations in demand, location and development potential across municipalities.
The realty market index demonstrates the diversity of Qatar’s real estate sector, with activity spread across both established and emerging municipalities. Doha continues to command the highest transaction values, driven by its concentration of commercial developments and premium residential properties.
