Doha, Qatar: The quantity of actual property buying and selling in sale contracts registered with the Actual Property Registration Division on the Ministry of Justice in June 2023 amounted to QR1,574,575,828.
The info of the true property analytical bulletin issued by the Ministry of Justice revealed that (301) actual property transactions had been recorded in the course of the month. Doha, Al Rayyan, and Al Dhaayen municipalities topped essentially the most lively transactions when it comes to monetary worth in June 2023, based on the true property market index, adopted by Al Wakrah, Umm Slal, Al Khor and Al Dhakira, and Al Shamal.
The true property market index for the month of June revealed that the monetary worth of Doha municipality’s transactions amounted to QR682,117,639. The monetary worth of Al Rayyan municipality’s transactions amounted to QR426,787,506; whereas the monetary worth of Al Dhaayen municipality’s transactions amounted to QR209,715,908.
The monetary worth of Al Wakrah municipality’s transactions amounted to QR128,144,286. Umm Salal municipality recorded transactions with a price of QR100,676,550, whereas Al Khor and Al Dhakira municipality recorded transactions with a price of QR14,907,996, and Al Shamal municipality recorded buying and selling with a price of QR12,715,908.
By way of the traded area index, indicators reveal that Al Rayyan, Doha, and Al Wakrah municipalities recorded essentially the most lively municipalities when it comes to traded actual property areas in the course of the month of June, with 29% for Al Rayyan, adopted by Doha municipality with 25%, Al Wakrah with 16%. Al Dhaayen recorded 15% of the entire traded areas, Umm Salal recorded 10%, Al Shamal recorded 3%, and Al Khor and Al Dhakira recorded 2%.
By way of the index of the variety of actual property transactions (offered properties), buying and selling indices revealed that essentially the most lively municipalities in the course of the month of June had been Doha (24%), adopted by Al Rayyan (21%), Al Dhaayen (18%), Al Wakrah and Umm Salal (15%) every, and Al Shamal (4%), whereas Al Khor and Al Dhakira recorded (3%) of the entire actual property transactions.
Common per sq. foot costs for the month of June ranged between (1016-503) in Doha, (482-220) in Al Wakrah, (425-350) in Al Rayyan, (493-253) in Umm Salal, (528-285) in Al Dhaayen, (301-221) in Al Khor and Al Dhakira, and (162-173) in Al Shamal.
The buying and selling quantity revealed the very best worth of (10) properties offered in June, recording (5) properties in Doha, (4) properties in Al Rayyan, and (1) in Al Dhaayen.
As for the quantity of mortgage transactions that occurred in June 2023, the variety of mortgage transactions amounted to 93 transactions, with a complete worth of QR1,361,502,248.
Doha recorded the very best variety of mortgage transactions with (48) transactions, equal to 51.6% of the entire variety of mortgaged properties, adopted by Al Rayyan with 22 transactions equal to 23.7%, Al Wakrah with 9 transactions (9.7%), Al Dhaayen with 7 transactions (7.5%), Al Khor and Al Dhakira with 3 transactions (3.2%), and Umm Salal with 3 transactions (3.2%).
As for the worth of mortgages, Doha Municipality got here within the lead with a price of QR930,590,353, whereas Umm Salal recorded the bottom worth amounting to QR4,050,000.
Trying on the indicator of the motion of mortgage transactions by learning the ratio of the variety of mortgaged properties to the ratio of their monetary worth, it’s discovered that the ratio of the variety of mortgaged properties is bigger than the ratio of the quantities of mortgage transactions in all municipalities that witnessed mortgage transactions, aside from Doha and Al Rayyan municipalities, the place it’s discovered that the quantities of mortgage transactions achieved the next price in comparison with the variety of mortgage transactions.
Monitoring the motion and quantity of mortgage transactions that occurred in June, it’s discovered that Doha Municipality recorded 8 of the highest 10 mortgaged properties, whereas Al Rayyan recorded 2 mortgaged properties. The quantity of mortgage transactions for the very best 10 properties reached 74% of the entire worth of all mortgage transactions that occurred in the course of the month of June.