Qatar’s real estate sector experienced a significant uptick in activity in December 2024, with a total of 283 transactions amounting to QAR1.04 billion ($284.6 million). This marks a 12% increase in transaction volume compared to the previous month, highlighting a strong demand in the market.
Top Municipalities by Transaction Volume
The municipalities of Doha, Al Rayyan, and Al Dhaayen were the most active in terms of financial value, with Doha alone recording QAR378.4 million ($103.19 million) in transactions. Al Rayyan followed closely with QAR278.5 million, while Al Dhaayen reached QAR131.5 million. Other municipalities such as Umm Salal, Al Wakrah, and Al Khor also contributed to the overall market activity.
Traded Space and Property Sales
In terms of space traded, Al Rayyan led the market, accounting for 30% of the total traded space. This was followed by Doha with 24%, and Al Wakrah with 15%. When it came to property sales, Doha topped the list with 35% of total sales, with Al Rayyan and Al Wakrah holding 21% and 14%, respectively.
Decline in Average Prices in Doha
The average per square foot price in Doha decreased slightly, from QAR367-QAR922 in November to QAR366-QAR735 in December. Prices across other municipalities were relatively lower, with Al Wakrah recording QAR240-QAR374 per square foot and Al Khor and Al Dhakira at QAR227-QAR266.
Mortgage Market Activity
Qatar’s mortgage market also saw strong performance in December 2024, with 99 mortgage transactions totaling QAR3.706 billion ($1.01 billion). Doha recorded the highest number of mortgages at 29 transactions, followed by Al Rayyan with 28. The municipality of Al Rayyan also had the highest mortgage value, at QAR2.07 billion, while Al Khor and Al Dhakira recorded the lowest mortgage values at QAR5.17 million.
Overall, Qatar’s real estate sector continues to show resilience and growth, with key municipalities driving both property transactions and mortgage activity.
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