The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the month of March 2023 amounted to (1,236,182,539) billion riyals. The data of the real estate analytical bulletin issued by the Ministry of Justice showed that (340) real estate transactions were recorded during the month.
The municipalities of Doha, Al Rayyan and Al Wakra topped the most active transactions in terms of financial value during the month of March 2023 according to the real estate market index, followed by the municipalities of Al Daayen, Umm Salal, Al Khor and Al Thakhira, Al Shamal and Al Sheehaniya in terms of transaction volumes.
The real estate market index for the month of March revealed that the financial value of Doha Municipality’s transactions amounted to (448,999,730) million riyals, while the financial value of Al-Rayyan Municipality’s transactions amounted to (392,404,009) million riyals, and the financial value of Al-Wakra Municipality’s transactions amounted to (169,097,935) million riyals. The financial value of Al Daayen Municipality’s transactions amounted to (105,870,936) million riyals, while the Umm Salal Municipality recorded transactions with a value of (64,097,499) million riyals, and the Municipality of Al Khor and Al Thakhira recorded transactions with a value of (40,099,207) million riyals, and the Municipality of Al Shamal recorded transactions with a value of ( 14,781,223) million riyals, and the municipality of Al Sheehaniya recorded transactions worth (850,000) thousand riyals.
circulated spaces
The indicators show that the municipalities of Al-Rayyan, Al-Wakra and Doha recorded the most active municipalities in terms of real estate traded areas during the month of March, with a rate of (28%) for each of the municipalities of Al-Rayyan and Al-Wakra, followed by the municipality of Doha with a rate of (20%), and Al-Daayen with a rate of (9%), while the municipality of Umm recorded Salal traded by (7%), Al Khor and Al Thakhira (5%), and Al Shamal (3%) of the total traded areas.
In terms of the number of real estate transactions index (real estate sold), trading indicators showed that the most active municipalities during the month of March for the number of sold properties were the municipalities of Doha and Al-Rayyan with a rate of (24%) each, followed by Al-Wakra municipality with a rate of (23%), then Al-Daayen municipality with a rate of (23%). 11%, then the municipalities of Umm Salal, Al Khor and Al Thakhira with a rate of (7%) for each, then a municipality, while the municipality of Al Shamal recorded transactions with a rate of (4%) of the total real estate transactions.
The average price per square foot for the month of March ranged between (474-996) in Doha, (208-445) in Al-Wakra, (391-519) in Al-Rayyan, (234-558) in Umm Salal, and (267-604). ) in Al Daayen, (227-365) in Al Khor and Al Thakhira, (151-297) in the North, and Al Sheehaniya (106). The trading volume revealed that the highest value of (10) real estate sold for the month of March was recorded, which recorded (6) real estate in Al-Rayyan municipality, and (4) real estate in Doha municipality.
Mortgages movement
With regard to the volume of mortgage transactions during the month of March 2023, the number of mortgage transactions that took place during the month reached (97) transactions, with a total value of (1,848,122,517) billion riyals. Al Rayyan Municipality recorded the highest number of mortgage transactions with (35) transactions, equivalent to (36.1%) of the total number of mortgaged properties, followed by Doha Municipality with (33) transactions, equivalent to (34.0%) of the total number of mortgaged properties, then Al Daayen Municipality with (10) transactions, which is equivalent to (10.3%) of the total mortgaged properties, then Al Wakra Municipality with (8) transactions, which is equivalent to (8.2%), then Umm Slal Municipality with (7) transactions, which is equivalent to (7.2%). %) of the total mortgaged real estate during the month, and finally the municipalities of Al Khor, Al Thakhira and Al Shamal, with (2) transactions, equivalent to (2.1%) of the number of mortgaged real estate.
Foreclosure operations
With regard to the value of mortgages, Doha Municipality came in the lead with a value of (1,277,109,031) billion riyals, while Al Shamal Municipality recorded the lowest value, amounting to (2,460,000) million riyals.
In view of the indicator of the movement of mortgage transactions by studying the ratio of the number of mortgaged properties to the percentage of their financial value, we find that the percentage of the number of mortgaged properties is greater than the percentage of the amounts of mortgage transactions, in all areas that witnessed mortgage transactions except for the municipality of Doha, where we find that the amounts of mortgage transactions achieved a percentage Higher compared to the average number of foreclosure transactions.
By tracking the movement and volume of mortgage transactions that took place during the month of March, we find that the Doha municipality recorded (5) out of the top (10) mortgaged properties, while the two municipalities of Al-Rayyan recorded (4) mortgaged properties, and the Al-Wakra municipality registered one mortgaged property. The volume of mortgage transactions for the top 10 properties amounted to 97% of the total value of all mortgage transactions that took place during the month of March.
The Pearl and the Palace
With regard to trading in the Pearl and Al Qassar area, the number of transactions recorded during the month of March 2023 increased compared to the number of transactions recorded during February, and the number of transactions reached (54) deals for residential units that were included in the buying and selling operations, with a total value of (120,317,056) million riyals. .
Real estate trading data during the month of March 2023 shows that the real estate sector continues its steady and strong growth in various investment and commercial fields, so that the active trading movement witnessed by the sector will continue during the recent period, especially with the issuance of new laws and decisions related to real estate brokerage, documentation, ownership and usufruct. In addition to the laws that attract domestic and foreign capital. These data also confirm the strength and solidity of the foundations of the Qatari economy and the continued growth of the real estate sector as one of its main components.
