Qatar’s last week real estate trading volume surpasses QR359m
The Real Estate Registration Department at the Ministry of Justice recently released its weekly bulletin, indicating that the volume of real estate trading in sales contracts recorded from March 12 to 16, 2023, amounted to QR 359,090,529. The transactions involved various types of properties such as vacant lands, houses, residential buildings, and commercial shops.
The bulletin also reported that the sales operations were mainly concentrated in eight municipalities, namely: Doha, Al Rayyan, Al Wakra, Al Daayen, Al Khor, Al Thakhira, Umm Salal, and Al Shamal.
Previous Week’s Record
In the previous week’s bulletin, the volume of real estate trading in sales contracts registered in the same department from March 5 to 9, 2023, reached QR 275,113,038. The properties traded for sale also included vacant lands, houses, residential buildings, and commercial shops. However, the locations where the sales transactions were concentrated were not disclosed in the report.
Qatar’s Forward-Thinking Approach to Real Estate and Development
Qatar’s efforts to attract capital and organize major global events have been ongoing and tireless. The country has invested in building facilities of great quality, including those for various international sporting events. These efforts are expected to have a constructive impact on the future of real estate in the country.
New Phase of Growth and Modernization
Thanks to wise leadership and sound planning for the future, Qatar is now entering a new phase of growth, development, and modernization. The vision of building an advanced society that is prosperous and fortified by its values and culture is being implemented in accordance with the directives of His Highness Sheikh Tamim bin Hamad Al Thani.
A Promising and Thriving Future
The government of Qatar seeks to build a society that is open to all and carries with it the omens of a promising and thriving future. With a focus on modernization and development, Qatar is positioning itself as a leader in the region and beyond. As such, it is expected that the real estate sector will continue to grow and prosper in the years to come.
