Qatar real estate price index gains momentum

Qatar property market last month has witnessed a remarkable control of land lots by 50 sales deals of total sales volume, worth QR120.9m. This increased momentum is pushing the real estate price index at record levels.

The other property types accounted for 33 property sale deals including residences, apartment, and buildings, at a total value of QR 94.4m, according to Ezdan Real Estate report.

The operations were distributed in 8 municipalities, namely Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Shamal, Shehaniya, Al Daayan and Al Wakra, which included land lots, residential units, multi-use buildings, multi-use space and residential buildings.

The breakdown of property sale deals during the period from 21-25 June 2020, as reflected by The Real Estate Registration Department’s weekly bulletin showed a conclusion of 83 property sale deals at a total value of approx. QR215.3mn.

Doha Municipality accounted for the highest deal in terms of value. On the other hand, Al Shamal Municipality recorded the lowest property sale deal in terms of value for a land lot.