Real estate trading volume in sales contact registration surpasses QR275m
The Ministry of Justice’s Real Estate Registration Department has released its weekly bulletin on the volume of real estate trading in sales contracts from March 5 to 9, 2023, in Qatar. According to the bulletin, the total amount of trading reached QR 275,113,038 during this period.
Property Types Traded in Real Estate
The bulletin also revealed that the list of real estate properties traded for sale includes various types of properties such as vacant lands, houses, residential buildings, and commercial buildings. This indicates that there is a diverse range of options available for buyers in the Qatar real estate market.
Concentration of Sales Operations
The sales operations during this period were primarily concentrated in eight municipalities, namely Doha, Al Rayyan, Al Wakra, Umm Salal, Al Daayen, Al Shamal, Al Khor, and Al Thakhira. This information is useful for buyers and sellers who are interested in specific areas and would like to know the current real estate market trends in those regions.
Trading Volume Compared to Previous Week
In comparison with the previous week’s real estate trading volume, which was recorded from Feb. 26 to March 2, 2023, the volume of trading during this period decreased. The previous week’s bulletin revealed that the volume of real estate trading in sales contracts registered was QR 362,189,995.
Qatar’s Real Estate Sector Set to Boost Economy in 2023
Qatar’s economy is expected to receive a significant boost in 2023, driven by a surge in the infrastructure, construction, residential, and retail markets. This growth is largely attributed to various ongoing investments and projects in the country. The continual improvement and development of Qatar’s infrastructure, particularly in transportation facilities such as roads and bridges, as well as preparations for upcoming major events, are seen as key factors driving this growth.
Improved Infrastructure to Fuel Growth in Retail and Hospitality Sectors
The growth of Qatar’s retail and hospitality sectors is anticipated as a result of the country’s open and fully developed infrastructure, which is essential in the tourism sector. The upcoming major events that Qatar will host will also contribute to the recovery of the retail and hospitality sectors. Qatar’s ability to manage large global events such as the FIFA World Cup 2022 has resulted in various opportunities for investors and developers in the real estate market.
Abundance of Real Estate Investment Opportunities
The availability of a wide range of properties that meet the requirements of tenants and investors, including rental homes and promising investment properties, is evidence of the growth of Qatar’s real estate market. Real estate owners and developers have responded to this abundance by offering attractive investment opportunities on their properties.
Qatar’s Wise Forward-Thinking Efforts to Attract Capital
Qatar is making continuous efforts to attract capital and organize more major global events that require the construction of facilities of great quality, including various international sporting events. As a result, it is expected that all of these factors will play a constructive role in forming a bright picture of the future of real estate as a whole.
