The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice during February 2023 amounted to QR2.4 billion.

The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 382 real estate transactions were recorded during the month of February.

Compared to January 2023, the real estate index increased by 70 percent while the value of real estate trading index increased by 79 percent, and the traded areas index increased by 51 percent.

Doha, Al Rayyan, and Al Daayen Municipalities topped the most active transactions in terms of financial value during February 2023, according to the real estate market index, followed by Al Wakrah, Umm Slal, Al Khor & Dhakira, and Al Shamal Municipalities.

The real estate market index for the month of February revealed that the financial value of Doha Municipality’s transactions amounted to QR 947,788,289 million.

The financial value of Al Rayyan Municipality’s transactions amounted to QR591,552,282 million.

The financial value of Al Dhaayen Municipality’s transactions amounted to QR194,611,364 million and the financial value of Al Wakrah Municipality’s transactions amounted to QR142,740,491 million.

Umm Salal Municipality recorded transactions with a value of QR80,410,439 million, and Al Khor & Dhakira Municipality recorded transactions with a value of QR59,605,402 million. Al Shamal Municipality recorded trading with a value of QR23,850,000 million.

In terms of the traded space index, indicators reveal that Al Rayyan, Doha, and Al Wakrah Municipalities recorded the most active municipalities in terms of traded real estate spaces during the month of February, with 38 percent for Al Rayyan Municipality, followed by Doha Municipality with 19 percent, Al Wakrah with 17 percent, and Al Dhaayen with 11 percent, while Umm Slal recorded six percent, Al Khor and Dhakira Municipalities recorded five percent, and Al Shamal recorded four percent of the total traded spaces each.

In terms of the index of the number of real estate transactions sold properties, trading indices revealed that the most active municipalities during the month of February were Al Rayyan Municipality (27 percent), followed by Al Wakrah Municipality (24percent), Doha and Al Dhaayen Municipalities (15percent) each, and Umm Slal Municipality (8 percent), while Al Khor & Dhakira Municipality recorded (7percent) and Al Shamal Municipality recorded (4percent) of the total real estate transactions.

Average per square foot prices for the month of February ranged between (1338-632) in Doha, (459-180) in Al Wakrah, (579-311) in Al Rayyan, (453-327) in Umm Slal, (677-324) in Al Dhaayen, (446-206) in Al Khor & Dhakira, and (369-171) in Al Shamal.

The trading volume revealed that the highest value of (10) properties sold was recorded for the month of February, recording six properties in Doha Municipality and four properties in Al Rayyan Municipality.

As for the volume of mortgage transactions that took place during the month of February 2023, the number of mortgage transactions amounted to 92 transactions, with a total value of QR 4,313,659,151.

Doha and Al Rayyan Municipalities recorded the highest number of mortgage transactions with 32 transactions, equivalent to 34.3 percent of the total number of mortgaged properties, followed by Umm Slal and Al Khor & Dhakira Municipalities with 11 transactions, equivalent to 12 percent each of the total number of mortgaged properties.

Al Dhaayen Municipality recorded seven transactions, equivalent to 10.6 percent of the total mortgaged properties, then Al Dhaayen Municipality recorded five transactions equivalent to 5.4 percent, and Al Wakrah Municipality with one transactions, equivalent to 101 percent of the total mortgaged properties during the month.

As for the value of mortgages, Doha Municipality came in the lead with a value of QR3,631,400,183, while Al Wakrah Municipality recorded the lowest value amounting to QR6,963,128.

Looking at the indicator of the movement of mortgage transactions by studying the ratio of the number of mortgaged properties to the ratio of their financial value, it is found that the ratio of the number of mortgaged properties is greater than the ratio of the amounts of mortgage transactions in all municipalities that witnessed mortgage transactions, except for Doha Municipality, where it is found that the amounts of mortgage transactions achieved a higher rate compared to the number of mortgage transactions.

Tracking the movement and volume of mortgage transactions that took place during the month of February, it is found that Doha Municipality recorded 8 of the top 10 mortgaged properties, while Al Rayyan and Al Dhaayen recorded one mortgaged properties each.

The volume of mortgage transactions for the highest (10) properties reached 83percent of the total value of all mortgage transactions that took place during the month of February.

As for trading in the Pearl and Al Qassar Area, the number of transactions registered during February 2023 increased compared to the number of transactions registered during January 2023, the number of transactions amounted to 44 deals for residential units included in the buying and selling transactions, with a total value of QR85,644,819.

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