JEDDAH: Qatar's real estate market saw a notable increase in early September, with sale contracts totaling 394.35 million Qatari riyals ($108 million) over the five-day period from Aug. 31 to Sept. 4, official data showed.
This represents an 18.5 percent rise compared with 333 million riyals recorded the previous week, from Aug. 24 to 28, according to the Ministry of Justice.
The ministry's weekly bulletin shows that 124.5 million riyals of the total sales during this period were for residential units.
The surge in real estate activity highlights Qatar’s continuing market dynamism, driven by both end-users and investors seeking opportunities across residential and mixed-use properties.
The bulletin noted that “the properties traded for sale include vacant land, houses, residential buildings, mixed-use commercial-residential buildings, commercial-residential complexes, shops, commercial buildings, and residential units.”
Sales activity was concentrated in the municipalities of Doha, Al-Rayyan, and Al-Wakra. Additional activity was reported in Al-Daayen, Al-Shamal, and Umm Salal, as well as in Al-Khor and Al-Thakhira. Major developments included The Pearl Island, Lusail 69, Al-Kharayej, Legtaifiya, and Ghar Thuaileb.
Looking at a broader trend, the week from Aug. 17 to 21 saw total trading volumes exceed 308 million riyals, reflecting steady growth over the past three weeks, driven by increased activity in both prime urban and emerging areas.
Monthly data for August showed that total real estate transactions reached 1.13 billion riyals across 329 deals, with Al-Rayyan, Doha, and Al-Wakra leading in transaction value.
According to the real estate market area index, Al-Rayyan accounted for 39 percent of the total traded area, followed by Doha with 22 percent, and Al-Wakra with 14 percent. Al-Daayen and Umm Salal each represented 10 percent, Al-Shamal 3 percent, and Al-Khor and Al-Thakhira 2 percent.
