Posted on August 11, 2018

The momentum in Qatar’s real estate market remains strong as the transactions have increased driven by investors’ trust on the country’s growing economy. The trading volume of registered real estates between July 29 to August 2 at the Ministry of Justice’s real estate registration department stood at QR935m.

The department’s weekly report said that the trading included empty lands, residential units, residential buildings, residential complexes, commercial buildings and multipurpose building. Most of the trading took place in Doha, Al Daayen, Al Rayyan, Umm Salal, Al Wakra, Al Khor, Al Thakhira and Al Sheehaniya. The trading volume of registered real estates between June 24 to June 28 was at QR 470m. According wto the weekly report The trading volume of registered real estates between June 10 to June 12 was QR294m.

Several measures taken by government will also drive the growth of real estate sector. In December last year, the Cabinet had approved the draft law on regulating non-Qatari ownership and use of real estate.

source: The Peninsula

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