Qatar Realty Deals Worth $464mln Inked in June

Qatar's real estate sector witnessed growth in June as the total value of transactions reached QR1.692 billion through 541 registered deals. Data issued by the Real Estate Registration Department at the Ministry of Justice showed Doha, Al Rayyan and Al Wakrah municipalities were the most active in terms of financial value during the month.

Which Municipalities Led the Market

Doha Municipality recorded the highest value of real estate transactions at QR640.140m in June, accounting for the largest share of the market in financial terms.

Al Rayyan Municipality followed closely with property deals worth QR418.378m, while Al Wakrah Municipality ranked third with transactions valued at QR236.184m. Together, the three municipalities accounted for the overwhelming majority of the month's total transaction value.

In terms of sales activity, Doha and Al Rayyan led all municipalities by recording 25 percent each of the total number of properties sold during June, followed by Al Wakrah at 20 percent and Al Dhaayen at 9 percent.

Measured by land area traded, Al Rayyan maintained a commanding lead at 34 percent of the overall transaction area, followed by Doha at 21 percent and Al Wakrah at 20 percent. Of the ten most valuable properties sold during the month, five were located in Doha, three in Al Rayyan and one each in Al Dhaayen and Umm Slal.

• Total June transaction value: QR1.692 billion across 541 deals
• Doha: QR640.140m (highest value)
• Al Rayyan: QR418.378m
• Al Wakrah: QR236.184m
• Doha average building price: QR925/sq ft (highest)
• Doha average vacant land price: QR499/sq ft (highest)

Also Read: Qatari Royal Buys Villa Certosa for €350 Million in Italy

Price Variations Across Municipalities

Average building prices varied considerably across municipalities. Doha recorded the highest average at QR925 per square foot, followed by Al Daayen at QR550, Umm Slal at QR453 and Al Wakrah at QR424. Prices were lower in Al Rayyan at QR442, Al Khor and Dhakira at QR332, Al Sheehaniya at QR262 and Al Shamal at QR256.

Vacant land prices followed a similar pattern, with Doha leading at an average of QR499 per square foot, followed by Al Rayyan at QR367 and Al Daayen at QR351. Average land prices reached QR348 in Umm Slal, QR260 in Al Khor and Dhakira, QR242 in Al Wakrah and QR161 in Al Shamal, reflecting variations in demand, location and development potential across municipalities.

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