The volume of real estate trading in Qatar during the period from December 24-28 reached about 400 million Qatari riyals, according to the Qatari Ministry of Justice. The ministry said in a statement that the volume of real estate trading in sales contracts registered with the Real Estate Registration Department amounted to 372 million and 337 thousand riyals, while the total sales contracts for the real estate bulletin for residential units during the same period amounted to about 27 million and 382 thousand riyals.
The Ministry of Justice added that the volume of real estate trading in the sale contracts registered with the Real Estate Registration Department amounted to 372 million and 337 thousand riyals. <The Ministry of Justice added that the list of properties traded for sale included vacant lands, residences, residential buildings, a commercial building, a residential complex and residential units. It pointed out that the municipalities of Doha, Al Rayyan, Umm Salal and Al Dhaayen recorded the highest number of sales during the mentioned period. <He also revealed that the volume of real estate trading during the period from December 24-28 last. It also revealed that the volume of real estate trading during the period from December 24 to 28 was higher compared to the period from December 19 to 21, when the volume of real estate trading reached more than 317 million riyals.
Gradual recovery in Qatar's real estate sector during 2023
The real estate market in Qatar saw a gradual recovery in 2023, after a slight decline in 2022. This is due to the stabilization of Qatar's economy and rising oil prices. In addition to the continued expansion of new real estate projects, especially in Lusail City. And increasing demand for real estate by foreign investors.
<Despite this recovery, the real estate market in Qatar faces some challenges in the form of rising real estate prices. This makes it less affordable for Qatari nationals. There is a large inventory of unsold real estate. Especially in non-centralized areas.
Qatar's real estate sector is expected to continue to recover in 2024
The real estate market is likely to continue to recover in 2024. Qatar's economy is expected to continue to grow, and new real estate projects will continue to expand. With continued growth in the tourism sector. In addition to increased demand for residential real estate by foreign workers.
Qatar's economy is expected to continue to grow, and new real estate projects will continue to expand. <Qatar's economy plays a key role in the real estate market, as economic growth leads to increased demand for real estate. Oil prices also play an important role in the real estate market. Higher oil prices lead to increased government revenue, which allows for increased spending on real estate projects. New real estate projects in Qatar increase the supply in the market. This leads to lower prices or slows the pace of price increases.
