The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at Qatar’s Ministry of Justice from March 23 to 27 reached QAR184,372,228 ($50.6 million). During the same period, the total sales contracts for the real estate bulletin concerning residential units amounted to QAR37,521,237 ($10.3 million).
The weekly bulletin issued by the Department indicates that the range of properties traded for sale included vacant lands, residential homes, apartment buildings, and residential units. The sales activities were predominantly concentrated in the municipalities of Al Rayyan, Doha, Al Dhaayen, Al Wakrah, Al Khor, Al Dhakira, Umm Salal, and Al Shamal, alongside the areas of the Pearl, Ghar Thuaileb, Al Dafna 60, Umm Al Amad, Lusail 69, and Legtaifiya.
Read more: Qatar real estate trading volume hits $329.2 million in February 2025
Strong performance in key segments
Qatar’s real estate market concluded 2024 with impressive performance in key segments. The market experienced 330 mortgage transactions across all asset classes of ready properties, reflecting a quarterly increase of 32 percent and an annual increase of 26 percent. The total value of mortgage transactions reached QAR25.2 billion ($6.91 billion) during the fourth quarter of 2024, showcasing a remarkable annual surge of 172.3 percent.
The latest report by Valustrat revealed that Doha recorded 95 deals worth QAR16.4 billion, marking the highest transaction value in five years, while Al Rayyan saw 96 transactions totaling QAR5.4 billion.
Residential sector performance
“The fourth quarter outperformed previous periods, particularly in the residential sector, while other segments remained stable or saw corrections. The ValuStrat Price Index remained steady throughout the year at 96.6 points. With Q1 2021 as the 100-point benchmark, the apartment index rose 1.3 percent QoQ while holding firm YoY at 98.9 points. The villa index stood at 96 points, unchanged both quarterly and annually,” stated Anum Hasan, Head of Research, Qatar.
Apartment capital values
Apartment capital values increased by 1.3 percent quarter-on-quarter, reaching QAR10,430 per square meter, though they were unchanged from the previous year. In The Pearl Island, sale rates hit QAR10,650 per square meter, measuring a positive 2.1 percent increase quarterly. Conversely, values remained steady in Lusail at QAR10,160 per square meter and in West Bay Lagoon at QAR9,600 per square meter.
Villa price stability
Villa prices across Qatar’s real estate market remained stable both quarterly and annually at QAR5,500 per square meter, with a modest 1.5 percent decline over two years. Values in West Bay Lagoon and Al Dafna fell by 3.5 percent and 5 percent QoQ, respectively, while Ain Khaled experienced a 2.2 percent increase. Prices across the other ten locations within the index remained unchanged from the previous quarter.
Price-to-rent ratio analysis
The report also indicated that the price-to-rent ratio for The Pearl Island and West Bay Lagoons edged down, reflecting slight improvement in rents on a quarterly basis, while remaining steady at 19 years. Residential gross yield stabilized at 5.9 percent, with apartments recording 8.4 percent and villas at 4.6 percent.
Villa sales volume growth
In Q4 of 2024, villa sales volume in Qatar’s real estate sector saw a substantial quarterly rise of 33.7 percent, while maintaining stability on an annual basis. The median ticket size for housing units was QAR2.6 million, representing a decline of 1.9 percent QoQ and 3.7 percent YoY.
The highest transaction activity was recorded in Doha and Al Rayyan, with The Pearl Island and Al Qassar witnessing a sales volume increase of 34.3 percent QoQ, leading to a 37.2 percent rise in value.
