The volume of real estate trading in sales contracts registered in the Real Estate Registration Department at the Ministry of Justice during June 2021 reached (2.031.747.259) billion riyals. The data of the analytical real estate bulletin issued by the Ministry of Justice showed the record of (520) real estate deals during the month. The value of real estate trading indicator recorded an increase of 62%, while the traded areas indicator recorded an increase of 24%.
According to the real estate market indicator, the municipalities of Al Rayyan, Doha and Al Daayen topped the most active trading in terms of financial value during June, followed by the municipalities of Umm Slal, Al Wakra, Al Khor and Al Dakhira, and Al Shamal in the volume of deals.
The real estate market indicator of June revealed that the financial value of Al Rayyan Municipality’s transactions reached (662.102.210) billion riyals, while the financial value of Doha Municipality’s transactions reached (532.996.735) million riyals, and the financial value of Al Daayen Municipality’s transactions reached (446.801.809) million riyals. In addition, the financial value of Umm Slal transactions reached (178.589.340) million riyals, while Al Wakra Municipality recorded trading worth (143.571.048) million riyals, Al Khor and Al Dakhira Municipality recorded trading worth (48.709.962) million riyals, and Al Shamal Municipality recorded trading worth (18.976.155) million riyals.
In terms of the traded areas indicator, the indicators show that the municipalities of Al Rayyan, Doha and Al Daayen recorded the most active municipalities for the areas of traded real estate during June, with a percentage of (31%) for Al Rayyan Municipality, followed by the Doha Municipality by (14%), and Al Daayen by (27%), while Umm Slal Municipality recorded (12%), Al Wakra Municipality recorded traded areas by (10%), and Al Khor and Al Dakhira and Al Shamal municipalities recorded trading areas by (4%) and (2%), respectively.
In terms of the indicator of the number of real estate transactions (sold real estate), trading indicators showed that the most active municipalities during May for the number of sold real estate were Al Daayen Municipality (28%), followed by Al Rayyan Municipality (23%), and Doha Municipality (19%), then Umm Slal Municipality with (11%), then Al Wakra Municipality (10%), then Al Khor and Al Dakhira Municipality (6%), while Al Shamal Municipality recorded (3%).
The average prices per square foot in June ranged between (498 - 886) in Doha, (242 - 558) in Al Wakra, (323 - 436) in Al Rayyan, (231 - 438) in Umm Slal, and (290 - 447) in Al Daayen, (204 - 320) in Al Khor and Al Dakhira, and (138 - 350) in Al Shamal.
The trading volume revealed the registration of the highest value (10) sold real estate in June, which recorded (5) real estate in Al Rayyan Municipality, (4) real estate in Doha Municipality, and one real estate in Al Daayen Municipality.
With regard to the volume of mortgage transactions during June 2021, the number of mortgage transactions that took place during the month reached (137) transactions, with a total value of (5.347.750.324) billion riyals. Al Rayyan Municipality recorded the highest number of mortgage transactions with (46) transactions, equivalent to (33.6%) of the total number of mortgaged real estate, followed by Doha Municipality with (41) transactions, equivalent to (29.9%) of the total number of mortgaged real estate, then Al Daayen Municipality with (15) transactions, which is equivalent to (10.9%) of the total mortgaged real estate, then Al Wakra Municipality with (14) transactions, which is equivalent to (10.2%) of the total number of mortgaged real estate, and Umm Slal Municipality recorded (13) transactions, equivalent to (9.5%), and Al Khor and Al Dakhira Municipality with (5) transactions, equivalent to (3.6%) of the total number of mortgaged real estate, and Al Shamal Municipality recorded two deals, which is equivalent to (2.2%) of the total number of mortgaged real estate.
With regard to the value of mortgages, Doha Municipality came to the forefront with a value of (4.122.300.359) billion riyals, while Al Shamal Municipality registered/recorded the lowest value of (5.669.197) riyals, while Al Sheehaniya Municipality did not record any mortgage transaction.
A consideration of the mortgage transaction movement indicator through studying the ratio of the number of mortgaged real estate to the ratio of their financial value, we find that the percentage of the number of mortgaged real estate is higher than the percentages of the amounts of mortgage transactions, in all regions that recorded mortgage transactions except for the Doha Municipality, where the amounts of mortgage transactions achieved a higher ratio compared to the average number of mortgage transactions.
By tracking the movement and volume of mortgage transactions that took place during June, we find that Doha Municipality recorded (7) out of the top (10) mortgaged real estate, and Al Rayyan Municipality recorded two real estate, while Al Daayen Municipality recorded one real estate. The volume of mortgage transactions for the top 10 real estate reached (79%) of the total value of all mortgage transactions that took place during June.
The Pearl and Al Qassar Area
With regard to the trading movement in the Pearl and Al Qassar area, the number of deals recorded during June reached (107) deals for residential units that were included in the buying and selling operations, with a total value of (214.574.026) million riyals.
Real estate trading data during June 2021 show that the real estate sector continues its steady growth in various investment and commercial fields, thus continuing the active trading movement in the sector during the recent period, especially with the issuance of new laws and decisions related to real estate brokerage, real estate registration, and ownership and usage. In addition to the laws attracting local and foreign capital. These data also confirm the strength and durability of the foundations of the Qatari economy and the continued growth of the real estate sector as one of its main components.