Real estate deals worth QR1.118bn inked in June

Doha, Qatar: Real estate trading in Qatar has crossed QR1bn in June this year. According to the real estate data from the Ministry of Justice, the rea...

Doha, Qatar: Real estate trading in Qatar has crossed QR1bn in June this year. According to the real estate data from the Ministry of Justice, the real estate transactions during June reached QR1.118bn.

During June 2024, the real estate transactions index achieved a total value of QR1.118bn for 285 real estate deals. Compared to May 2024, it is found that the index of real estate has registered a decrease of 11 percent, while the value of real estate trading index decreased by 11 percent, and the traded areas index increased by 8 percent, according to data by Real Estate Registration Department at the Ministry of Justice released, yesterday.

Al Rayyan, Al Dhaayen and Doha Municipalities topped the most active transactions in terms of financial value during June 2024, the real estate market index revealed.

The real estate market index for the month of June 2024 revealed that the financial value of Al Rayyan Municipality transactions amounted to QR358m. Meanwhile, Al Dhaayen Municipality transactions totaled QR290m and Doha Municipality’s transactions amounted to QR288m.

In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Al Dhaayen Municipalities recorded the most active municipalities in terms of traded real estate spaces during the month of June, with 40 percent for Al Rayyan, 24 percent for Doha, followed by Al Dhaayen Municipality with 17 percent of the total transaction area.