DOHA: The volume of real estate transactions in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice in August amounted to QR4,156,341,940, according to the real estate bulletin issued by the Ministry.
During the month, 497 real estate deals were registered. Al Daayen, Doha, Umm Salal and Al Rayyan municipalities had the most active transactions in terms of financial value, followed by Al Wakrah, Al Khor, Al Dhakira, Al Shamal and Al Shahaniya.
The value of the transactions in Al Daayen Municipality amounted to QR1,593,779,284, while for Doha Municipality it amounted to QR1,72,308,241; Umm Salal Municipality saw deals worth QR633,374,628, and Al Rayyan saw QR619,882,678 of transactions.
The financial value of Al Wakrah Municipality’s transactions amounted to QR122,222,464 and Al Khor and Al Dhakira Municipality recorded transactions worth QR53,937,562, followed by Al Shamal Municipality (QR52,424,666) and Al Shahaniya MMunicipality (QR8,412,417).
Average prices
Average prices per sq. ft for the month of August ranged between (QR531-QR1055) in Doha, (QR256- QR479) in Al Wakrah, (QR322-QR465) in Al Rayyan, (QR251-QR353) in Umm Salal, and (QR290- QR480) in Al Daayen, (QR184-QR268) in Al Khor and Al Dhakira, (QR141-QR274) in Al Shamal and (QR125-QR304) in Al Shahaniya.
The volume of mortgage transactions during the month reached 89, with a total value of QR 3,651,485,526, the bulletin said. As for the value of mortgages, Doha Municipality recorded QR1,800,655,967, while Al Khor and Al Dhakira recorded the lowest value.