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Real estate trading in Qatar registers strong growth in February 2023
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Qatar’s real estate market witnessed a surge in trading activities during February 2023, with the volume of sale contracts registered at the Real Estate Registration Department at the Ministry of Justice reaching QR 2,40,558,163. According to the latest real estate analytical bulletin issued by the Ministry of Justice, a total of 382 real estate transactions were recorded during the month, reflecting a strong rebound from the previous month.
Compared to January 2023, the real estate index increased by 70 percent, while the value of real estate trading index increased by 79 percent, and the traded areas index increased by 51 percent. This indicates a robust growth trend in Qatar’s real estate market, which has been supported by favorable economic conditions and government policies aimed at attracting investment.
The real estate market index also revealed that Doha, Al Rayyan, and Al Daayen Municipalities were the most active in terms of financial value during February 2023, followed by Al Wakrah, Umm Slal, Al Khor and Dhakira, and Al Shamal Municipalities. This highlights the diverse opportunities available for real estate investors across Qatar’s different regions.
Overall, the recent surge in real estate trading in Qatar is a promising sign for the country’s economy and a testament to the resilience of its real estate market. As the country continues to diversify its economy and attract investment, the real estate sector is poised to play a key role in driving growth and prosperity in the years to come.
