DOHA: The trading volume in Qatar's real estates market increased by 20 percent to QR1.52bn in February 2020 compared to the previous month, according to data from the Ministry of Justice’s real estate registration department.
The monthly real estate data analysis showed that 359 real estate transactions were recorded during the month, QNA reports.
In terms of value of the transactions, the municipalities of Al Rayyan, Doha and Al Daayen topped the trading, followed by Umm Salal, Al Khor, Al Thakhira, and Al Shamal.
The value of transactions in Doha municipality amounted to QR676m while that of Al Rayyan municipality stood at QR461m. The value of Al Daayen municipality transactions amounted to QR146m, followed by real estate transactions in Umm Salal at QR106m, and Al Wakra municipality at QR64m.
The municipalities of Al Khor and Al Thakhira recorded QR55m worth of real estate transactions, and followed by Al Shamal municipality at QR10m.
Regarding the number of transactions index (sold real estate), trading indicators showed that the most active municipalities during February 2020 are Al Rayyan municipality by 27 percent, followed by Doha municipality by 25 percent, Al Daayen municipality by 19 percent, Umm Salal municipality by 10 percent, Al Khor and Al Thakhira municipality by 9 percent, Al Wakra municipality by 7 percent, and Al Shamal municipality by 3 percent.
The data showed that the real estate sector continues to see strong trading during February 2020 as well as continues to grow actively in its various fields of investment and trade, especially with the issuance of laws and new draft laws relating to ownership and real estate use, as well as laws attracting domestic and foreign capital. It also affirmed the soundness and strength of the Qatari economy and the continued growth of the real estate sector as one of its main components.
