The volume of real estate trading in Qatar, particularly in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice, reached QAR1.53 billion ($419.5 million) in January. This figure highlights the ongoing strength of real estate trading in Qatar and its importance to the economy.
The real estate analytical bulletin released by the Ministry of Justice indicated that 382 real estate transactions were recorded throughout the month. When compared to December 2024, the index of properties sold exhibited a notable increase of 35 percent. Furthermore, the value index for real estate transactions rose by 46 percent, while the traded area index also saw a rise of 21 percent.
Most active municipalities
According to the real estate market index, the municipalities of Doha, Al Rayyan, and Al Dhaayen were the leaders in terms of financial value for transactions during January. Following these municipalities were Al Wakrah, Umm Salal, Al Khor, Al Dhakira, Al Shamal, and Al Shahania, ranked by transaction volumes.
The real estate market index for January disclosed that the financial value of transactions in Doha municipality reached QAR627,531,752. Al Rayyan municipality recorded transactions valued at QAR411,013,724, while Al Dhaayen municipality had a financial value of QAR207,473,601. Additionally, Al Wakrah municipality recorded transactions worth QAR149,825,121.
Umm Salal municipality saw transactions amounting to QAR74,722,478, while Al Khor and Al Dhakira municipality recorded trading valued at QAR44,743,257. Al Shamal municipality accounted for QAR9,970,000, and Al Shahania recorded QAR2,979,144.
Traded space index
The indicators for the traded space index reveal that Al Rayyan, Doha, and Al Dhaayen municipalities were the most active in terms of traded real estate spaces during January. Al Rayyan represented 30 percent, followed by Doha municipality with 28 percent, and Al Dhaayen at 18 percent. Al Wakrah accounted for 10 percent, Umm Salal for 7 percent, Al Khor and Al Dhakira for 4 percent, Al Shamal for 2 percent, and Al Shahania for 1 percent of the total traded spaces.
Read more: Qatar real estate sector sees 285 deals worth $304.1 million in June 2024
Index of real estate transactions
In terms of the index measuring the number of real estate transactions (sold properties), the trading indices showed that the most active municipalities in January were Doha (33 percent), followed by Al Rayyan (23 percent), Al Dhaayen (14 percent), Al Wakrah (11 percent), Umm Salal (9 percent), Al Khor and Al Dhakira (7 percent), Al Shamal (2 percent), and Al Shahania (1 percent) of the total real estate transactions.
Average prices per square foot
Average prices per square foot for January varied, ranging between QAR475 and QAR819 in Doha, QAR282 and QAR606 in Al Wakrah, QAR352 and QAR492 in Al Rayyan, QAR248 and QAR387 in Umm Salal, QAR304 and QAR582 in Al Dhaayen, QAR227 and QAR266 in Al Khor and Al Dhakira, QAR134 and QAR186 in Al Shamal, and QAR115 and QAR146 in Al Shahania.
The trading volume revealed the highest value of 10 properties sold in January, with 4 properties sold in Doha, 3 in Al Rayyan, 2 in Al Dhaayen, and 1 in Al Wakrah.
Mortgage transactions in January
Regarding the volume of mortgage transactions throughout January, there were 149 mortgage transactions, totaling QAR4,391,304,587. Doha Municipality led with 57 transactions, representing 38.3 percent of the total mortgaged properties, followed by Al Rayyan Municipality with 51 transactions (34.2 percent), Al Dhaayen Municipality with 15 transactions (10.1 percent), and Al Wakrah Municipality with 10 transactions (6.7 percent). Al Khor and Al Dhakira accounted for 9 transactions (6 percent), while Umm Salal had 7 transactions (4.7 percent).
In terms of mortgage values, Doha Municipality ranked first with a total of QAR2,748,369,775, while Umm Salal Municipality recorded the lowest value at QAR23,054,000.
Mortgage movement index
Examining the mortgage movement index, it was found that the ratio of the number of mortgaged properties exceeds the ratio of their financial value across all municipalities with mortgage transactions, except for Doha and Al Wakrah, where the transaction amounts surpassed the average number of mortgage transactions.
Top mortgaged properties
When analyzing the volume of mortgage transactions for the month, Doha Municipality recorded 6 of the top 10 mortgaged properties. Al Rayyan Municipality had two mortgaged properties, with Al Wakrah and Al Dhaayen each recording one. The volume of mortgage transactions for these top 10 properties made up 71 percent of the total value of all mortgage transactions in January.
Residential unit trading movement
The trading movement for residential units in January saw an increase from the previous month, reaching 159 transactions with a total value of QAR265,802,756.
The data on real estate trading during January 2025 demonstrates that the real estate sector in Qatar continues its robust growth across various investment and commercial arenas. This sustained trading momentum is further bolstered by new laws and decisions related to real estate brokerage, registration, documentation, ownership, and usufruct, along with legislation designed to attract both local and foreign capital. This reinforces the strength and resilience of the Qatari economy, emphasizing the ongoing growth of the real estate sector as a crucial component of its foundation.
