The total volume of real estate transactions in sales contracts registered with Qatar’s Real Estate Registration Department at the Ministry of Justice during November reached QAR1,144,987,437 (QAR1.14 billion or $311.55 million).

According to the analytical real estate bulletin released by the Ministry of Justice, there were 324 real estate deals recorded in the month.

Leading municipalities in transaction activity

The municipalities of Doha, Al Rayyan, and Al Dhaayen emerged as the leaders in transaction activity based on financial value during November, as indicated by the real estate market index. They were followed by the municipalities of Umm Salal, Al Khor and Al Thakhira, Al Wakrah, Al Shamal, and Al Sheehaniya in terms of deal volumes.

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Financial transaction values by municipality

The real estate market index for November showed that the financial transaction value in Doha Municipality was QAR544,386,829, in Al Rayyan Municipality it was QAR245,137,436, and in Al Dhaayen Municipality it amounted to QAR126,702,613. Meanwhile, Umm Salal Municipality recorded transactions worth QAR85,006,147, Al Khor and Al Thakhira Municipality had transactions totaling QAR75,378,658, Al Wakrah Municipality reached QAR52,960,254, Al Shamal Municipality recorded QAR15,271,000, and Al Sheehaniya Municipality had transactions valued at QAR162,500.

Active municipalities in traded areas

In terms of traded areas, the indicators revealed that Al Rayyan, Doha, and Al Dhaayen Municipalities were the most active in real estate transactions during November, with Al Rayyan accounting for 31 percent, followed by Doha at 26 percent, and Al Dhaayen at 12 percent. The municipalities of Umm Salal and Al Khor and Al Thakhira each recorded 10 percent, Al Wakrah had 8 percent, and Al Shamal accounted for 3 percent of the total traded areas.

Real estate transactions by volume

Regarding the number of Qatar’s real estate transactions (sold properties), the trading indicators indicated that the most active municipalities in November were Doha Municipality with 33 percent, followed by Al Rayyan Municipality at 23 percent, and both Al Dhaayen and Al Khor and Al Thakhira Municipalities at 12 percent each. Umm Salal Municipality recorded 10 percent, while Al Shamal Municipality had 4 percent of the total real estate transactions.

Average prices per square foot

The average price per square foot for November varied between QAR367 – QAR922 in Doha, QAR223 – QAR375 in Al Wakrah, QAR294 – QAR446 in Al Rayyan, QAR245 – QAR459 in Umm Salal, QAR301 – QAR533 in Al Dhaayen, QAR208 – QAR410 in Al Khor and Al Thakhira, QAR161 – QAR211 in Al Shamal, and QAR159 in Al Sheehaniya.

Highest value properties sold

The trading volume revealed that the highest value was for 10 properties sold in November, with 8 properties located in Doha Municipality, and 1 property each in Al Rayyan and Al Dhaayen Municipalities.

Mortgage values by municipality

In terms of mortgage transactions for November, there were 87 transactions amounting to QAR3,763,315,115. Al Rayyan Municipality recorded the highest number of mortgage transactions at 29, representing 33.3 percent of the total. This was followed by Doha Municipality with 26 transactions (29.9 percent), Al Dhaayen Municipality with 16 transactions (18.4 percent), and both Al Wakrah and Umm Salal Municipalities with 8 transactions each (8 percent). Al Khor and Al Thakhira and Al Shamal each recorded 1 transaction (1.1 percent).

Regarding mortgage values, Doha Municipality had the highest at QAR1,872,232,299, while Al Shamal Municipality had the lowest value at QAR1,800,000. An analysis of the mortgage movement index showed that in all municipalities with mortgage transactions, the number of mortgaged properties exceeded the value of mortgage transactions, except in Doha and Al Wakrah, where the transaction amounts were higher than the average number of mortgage transactions.

Top mortgaged properties

When examining the volume and movement of mortgage transactions for the month, Doha Municipality recorded 6 of the top 10 mortgaged properties, Al Rayyan had 3, and Al Wakrah had 1.

The top 10 properties in Qatar accounted for 89 percent of the total value of mortgage transactions in November.

Residential unit trading volume

The trading volume of residential units in November included 72 residential unit deals with a total value of QAR148,875,696.

Data from November 2024 indicates that Qatar’s real estate sector continues to experience steady and robust growth across various investment and commercial areas. This ongoing activity reflects the vibrant trading environment within the sector, particularly following the introduction of new laws and regulations pertaining to real estate brokerage, registration, and ownership, as well as initiatives to attract local and foreign investment.

This underscores the resilience and strength of Qatar’s economy, highlighting the continued growth of the real estate sector as a key component.