Doha, Qatar: The volume of mortgage transactions registered during August of this year reached 86 transactions with a total amount of QR1.671bn.   Doha Municipality registered the highest number of mortgage transactions with 36 (equivalent to 41.9 percent) of the total number of mortgaged properties, followed by Al Rayyan Municipality with 25 transactions (equivalent to 29.1 percent).   Then Al Dhaayen Municipality with nine transactions (equivalent to 10.5 percent) of the total number of mortgaged properties, according to data by Ministry of Justice. Regarding the value of mortgages in August 2024, Doha Municipality came first with amount of QR1.418bn while Al Shamal Municipality registered the lowest value which reached QR2.160m.   Considering the indicator of…

Qatar’s office market continues to witness a hike in demand with expansion projects across the country. However, the rents for office rooms during the second quarter of 2024 remained constant, according to a report released yesterday by ValuStrat.   Anum Hassan, Head of Research, Qatar commented “Office sector rents remained stable throughout the period. Whilst, street retail and shopping centers in Doha saw a quarterly decline of 5 percent and 2 percent respectively.”   However, the data indicated an overall decrease of 3.6 percent Y-O-Y in the rents for the office market.   Some of the primary business districts including the West Bay observed a quarterly reduction of 1 percent, while office rents in Grand Hamad Avenue dropped by 3…

Qatar - Leasing trends have created a two-tiered office market in Qatar where demand is focused on an ever-decreasing Grade-A space, while older stock is lying vacant for extended periods with limited new demand, according to Cushman and Wakefield Qatar (CWQ)."Pipeline supply is dominated by Lusail Towers, with three of the four landmark buildings allocated to QNB, the Qatar Investment Authority and the Qatar Central Bank. It is yet unclear as to how much, if any of this office space will be released to the wider market," CWQ said in a report.With occupancy rates climbing across Grade A locations, it said upward pressure on rents is starting to re-emerge for the first time since 2015.While the majority of Grade A office space in West Bay and Lusail can be leased for between QR100 and…

The Ministry of Justice, represented by the Real Estate Brokerage Department, has licensed so far 610 real estate brokers to streamline the real estate sector of the country.       The growing number of licensed brokers shows the success of the ministry in curbing the unlicensed brokers and speculations that affect the real estate market reputation.   The list of licensed real estate brokers with their contact number (mobile and e-mail) and licence numbers is shared on the website of the Ministry of Justice, making it easy for buyers and sellers of properties to approach them for their services.   In Doha Municipality, 340 brokers have been licensed, followed by Al Rayan Municipality with 163 licences.   As many as 47 brokers have been licensed in…

Doha, Qatar: Qatar’s property sector reported a thriving period as sales transactions significantly rose during the second quarter of 2024.       In its latest report, Cushman & Wakefield Qatar highlighted that there is a robust underlying demand for higher specification buildings in key areas as residents are taking advantage of rental declines, which saw a general downward since 2022.   In The Pearl, the demand soared in residential buildings such as Viva Bahriya and Floresta Gardens with tenants drawn towards the high quality of finishing, property management services, and all-inclusive rents offered by landlords.       On the other hand, vacancy rates are expected to increase for residential towers in Porto Arabia, especially in…

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from Aug. 04 to 08, reached QR217,052,596, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR17,662,685.       The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential-commercial building, shops, and residential units.   Sales were concentrated in the municipalities of Al Rayyan, Doha, Umm Salal, Al Daayen, Al Shamal, Al Wakrah, Al Khor and Al Dakhira, and the areas of The Pearl Island and Lusail 69.   The volume of real estate…

The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from July 28 to Aug. 1, reached QR111,956,851, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR19,102,371.   The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential commercial building, shops, and residential units.   Sales were concentrated in the municipalities of Doha, Al Rayyan, Al Daayen, Al Wakrah, Umm Salal, Al Shamal, Al Khor and Al Dakhira, and the areas of The Pearl Island, Lusail 69, Al Kharaej, and Al Dafna 60.     The volume…

DOHA: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice from July 21 to 25, reached QR234,841,770, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR12,390,000. The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential-commercial building, shops, and residential units. Sales were concentrated in the municipalities of Doha, Al Wakrah, Al Rayyan, Al Shamal, Al Daayen, Al Khor and Al Dakhira, Umm Salal, and the areas of The Pearl Island, Al Kharaej, Umm Abeeriya, Leqtaifiya, and Lusail 69. The volume of real estate trading in sales…

The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice from July 14 to 18, reached QR236,365,454, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR20,030,865.       The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential-commercial building, shops, and residential units.   Sales were concentrated in the municipalities of Al Rayyan, Doha, Al Wakrah, Al Daayen, Al Khor and Al Dakhira, Umm Salal, and the areas of Lusail 69 and Rawdat Egdaim.      The volume of real estate trading in sales…

Doha, Qatar: Qatar’s real estate sector offers several opportunities for residents and investors alike. The country’s realty market has continued to witness growth during the second quarter (Q2) of this year as it witnessed deals worth QR3.191bn for 808 real estate transactions in Q2 of 2024, according to Ministry of Justice data.   The country’s market is poised to benefit in the long-term, driven by several infrastructure projects and developments, expansion of the industry across the country, and investment-friendly initiatives implemented by the government in addition to an appetite for safe investment. In the first quarter of last year the real estate index achieved total value of QR4.375bn for 795 real estate transactions. The real estate transactions…

The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from July 7 to 11, reached QR 283,730,386, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR 35,021,022.   The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential commercial building, shops, and residential units. Sales were concentrated in the municipalities of Al Rayyan, Doha, Al Wakrah, Al Daayen, Umm Salal, Al Khor and Al Dakhira, Al Shamal, and the areas of The Pearl Island, Fox Hill and Dafna. The volume of real estate trading in sales contracts…

DOHA: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice from June 30 to July 4 reached QR419,378,464, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR31,341,765.   The weekly bulletin issued by the department shows that the list of real estate properties traded for sale included vacant lands, houses, residential buildings, a residential-commercial building, shops, and residential units. Sales were concentrated in the municipalities of Doha, Al Rayyan, Al Daayen, Umm Salal, Al Wakrah, Al Khor and Al Dakhira, Al Shamal, and the areas of The Pearl Island, Lusail 69 and Legtaifiya. The volume of real estate trading in sales contracts…