The number of real estate transactions signed in June 2018 nearly doubled compared to the corresponding month last year, according to a news report by The Peninsula.
According to the daily newspaper, the total number of properties sold during the month of June (across all eight municipalities in Qatar) reached 267, up 97.8% compared to 135 properties traded in June 2017.
The combined value of real estate transactions signed during the month of June 2018 stood at QR1.33bn, down 62.6% compared to QR3.56bn in June 2017.
According to the latest official data released by the Ministry of Development, Planning and Statistics, Al Khor and Thakhira Municipality (with 34 deals) registered the highest 350% growth (y-o-y), followed by Al Dayeen and Um Slal municipalities witnessing 277.8% and 275.0% growth, respectively.
“In terms of the value of properties sold in different regions, Doha Municipality ranked first with the total transaction value of QR646.9m, up 96.6% compared to QR329.1m worth of deals signed in June 2017,” revealed The Peninsula.