Qatar’s real estate market witnessed 3,752 property transactions worth QR22.4bn in 2019, covering various municipalities, according to a report by Ezdan Real Estate Company.
Citing figures released by the Ministry of Justice’s Real Estate Registration Department, the report said 1,065 transactions worth QR5.1bn were recorded in the first quarter of 2019. In Q2 2019, 930 transactions were valued at QR5.7bn, while 823 transactions worth QR4.5bn were made in the third quarter. Q4 hit a record high of QR7.1bn from 934 deals, the report stated.
In December 2019, the Real Estate Registration Department noted that 234 transactions were made worth QR1.2bn. From December 22 to 26, 2019, 51 transactions recorded from seven municipalities, namely Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Shamal, Al Daayen, and Al Wakrah amounted to QR153mn.
The sales included land lots, multi-use building and land lots, as well as residential structures. Doha ranked first in terms of deal value by sale of a multi-use land lot spread over 1,264sq m in the Old Airport zone for QR13mn at QR955 per square foot.
“This period was void of significant transactions that may reflect major highs in the total value of sales,” the Ezdan report said.
In December 2019, the Real Estate Registration Department noted that 234 transactions were made worth QR1.2bn. From December 22 to 26, 2019, 51 transactions recorded from seven municipalities, namely Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Shamal, Al Daayen, and Al Wakrah amounted to QR153mn.
The sales included land lots, multi-use building and land lots, as well as residential structures. Doha ranked first in terms of deal value by sale of a multi-use land lot spread over 1,264sq m in the Old Airport zone for QR13mn at QR955 per square foot.
“This period was void of significant transactions that may reflect major highs in the total value of sales,” the Ezdan report said.