The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in June 2024, amounted to QR1,118,975,109.     The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 285 real estate transactions were recorded during the month, as the number of properties sold index recorded an increase of 8 percent.   Al Dhaayen, Al Rayyan, and Doha municipalities topped the most active transactions in terms of financial value in June, according to the real estate market index, followed by Umm Salal, Al Wakrah, Al Khor and Al Dhakira, and Al Shamal.   The real estate market index for June 2024, revealed that the financial value of Al Rayyan municipality's transactions…

وتعتبر العقارات في البلاد من بين العقارات الواعدة والأكثر جاذبية في منطقة الخليج، مع إمكانات كبيرة، وخاصة في مدينة لوسيل. باعتبارها ثاني أكبر مدينة بعد الدوحة وتعتبر العاصمة الاقتصادية لقطر، تفتخر لوسيل أيضًا بأحد أكثر قطاعات الترفيه الواعدة، حسبما ذكرت بروبرتي فايندر (منصة عقارية رائدة في منطقة الشرق الأوسط وشمال أفريقيا) في تقريرها السنوي للعقارات السكنية. وصلت المشاريع العقارية الجارية في قطر حتى نهاية عام 2023 إلى مراحل متقدمة من…

Doha: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department of the Ministry of Justice from June 9 to 13 of 2024 reached QR398,338,931, while the total sales contracts for the real estate bulletin for residential units during the same period reached QR41,240,045.   The weekly bulletin issued by the department indicates that the list of real estate properties traded for sale has included vacant lands, houses, residential buildings, shops, an apartment complex, and residential units. Sales were concentrated in the municipalities of Doha, Al Rayyan, Al Daayen, Umm Salal, Al Khor, Al Thakhira, Al Shamal, Al Wakrah, and the areas of The Pearl Island, Legtaifiya, Al Kharayej. The volume of real estate trading in sales contracts…

Qatari Diar, a wholly owned unit of the sovereign-backed Qatar Investment Authority, has signed a deal with Egypt’s Organi Group to deliver three real estate projects in the North African country.     The news was confirmed by Ibrahim Al Organi, Founder and Chairman of the Egyptian company, which has investments in real estate, construction, transportation, hospitality, and tourism.   Revealing details about the projects in a post on the micro-blogging site Threads, Al Organi said the deal extends to three developments spearheaded by Qatari Diar, including the 5th settlement of the CityGate project in New Cairo, the recently launched $1 billion St. Regis Residences project, along with hotels in Sharm El-Sheikh and Hurghada.   Qatari Diar, which is invested…

Doha, Qatar: Qatar’s retail real estate sector remained steady during the first three months of the year, providing an increase in supply, according to commercial realty agency - Cushman and Wakefield’s report. This static growth comes as a result of ongoing expansions in the market across Qatar. Lulu Group International, one of the key players in the region, opened several stores in Q1 2024. The report outlined that numerous units are “being fitted out”. At the same time, it is anticipated that outlets including Doha Mall will open their doors to the public in 2024, adding close to 100,000 sq m of retail floor space to the market, which is expected to represent the largest mall in South-West Doha. It said: “The opening of Doha Mall will see Qatar’s…

Doha, Qatar: 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 June 2 to 6, 2024 reached QR371,311,423, while the total sales contracts for residential units in the Real Estate Bulletin during the same period reached QR31,123,000.   The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale included vacant lands, houses, a building complex and residential units. Sales were concentrated in the municipalities of Al Rayyan, Doha, Al Daayen, Al Wakrah, Umm Salal, Al Khor, Al Dakhira, and the areas of The Pearl Island, Legtaifiya and Al Kharaej. The volume of real estate trading in sales contracts registered in the Real Estate Registration…

Doha, Qatar: Qatar’s real estate sector has witnessed surge as the number of properties sold increased in April this year. The total number of properties sold totalled 201 in the country in April 2024 registering a yearly increase of 28 percent. On yearly basis of the total number of sold properties by municipality, Al Rayyan constituted 49 properties showing a rise of 11 percent on year on year basis, followed by Al Wakra 45(309 percent), Umm Slal 22 (29.4 percent), Al Shamal 8 (700 percent), Al Khor and Thakhira 10.5 (110 percent) in April 2024.While Doha, Al Daayen, and Al Sheehaniya municipalities saw decline on yearly basis, according to figures released by the National Planning Council. The country saw a total of QR811.6m worth of properties sold in April 2024. The real…

Doha, Qatar: The rents of marts across the country witnessed a subtle decrease during the first three months of the year, having returned to the same price range during the third quarter of 2023, noted market experts from Qatar’s e-realty platform, hapondo.   However, the average asking rents climbed up during the fourth quarter of 2023 in many of Qatar’s retail areas. Researchers state that the majority of the retail shops noticed a decline from QR214 per sqm to QR 182 per sqm from January to March 2024. According to analysts, key commercial localities such as Al Sadd, witnessed a fall in the average rent for two consecutive quarters and amounted to QR157/sqm in Q1. The Peninsula spoke to a number of shopkeepers to understand how the rental decline would impact the…

Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani chaired the Cabinet's regular meeting held at its seat at the Amiri Diwan on Wednesday morning.     After the meeting, HE Minister of Justice and Minister of State for Cabinet Affairs Ibrahim bin Ali Al Mohannadi issued the following statement:   At the outset of the meeting, the Cabinet extended sincere greetings to HH the Amir Sheikh Tamim bin Hamad Al-Thani on the advent of Eid Al Adha, asking Allah Almighty to return this blessed occasion for His Highness with the best of health and wellness, and for the State of Qatar and its people with further development and prosperity under the wise leadership of HH the Amir, as well as the Arab and Islamic nations with…

Doha, Qatar: A new guideline to clarify rights and duties of landlords and tenants will be issued soon, said a top official.   “In this guide, we explain the legal rights and duties entailed by rental contracts, in addition to the financial rights and duties of the beneficiaries,” said Rosa Al Shammari, Head of the Office of the Rental Dispute Resolution Committees Headquarters at the Ministry of Municipality. Speaking to Qatar TV recently, she said that the guide will simplify further the procedures and cover all clients of the office. Al Shammari said that lease contracts of residential buildings and commercial facilities are on the same pattern as per the provisions of the Decision No. 1 of 2020. To a question about the mechanism for receiving complaints related…

Qatar’s real estate 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.     There has been a significant growth in the value of mortgage transactions across all asset classes, growing by 89 percent on quarter-on-quarter (Q-o-Q) basis and 36.8 percent on year-on-year basis (YoY), according to Real Estate Research First Quarter (Q1) 2024 by ValuStrat, released yesterday.   In the first quarter of 2024, the Qatar real estate market witnessed 236 mortgage transactions across all asset classes of ready properties. The total sales value attributed to mortgage transactions stood at QR16.8bn, an increase of…

The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in April amounted to QR811,561,323.   The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 201 real estate transactions were recorded during the month.   Doha, Al Rayyan, and Al Wakrah municipalities topped the most active transactions in terms of financial value in April, according to the real estate market index, followed by Al Dhaayen, Umm Salal, Al Khor and Al Dhakira, and Al Shamal.   The real estate market index for April revealed that the financial value of Doha municipality’s transactions amounted to QR282,847,223. The financial value of Al Rayyan municipality’s…