Tag: Lusail property

  • Qatar Property Trading Reaches $112.9 Million in One Week

    Qatar Property Trading Reaches $112.9 Million in One Week

    Sales contracts registered with the Real Estate Registration Department at the Ministry of Justice reached QAR351.8 million between August 23 and August 27, 2026, according to the department’s latest weekly Real Estate Bulletin. Residential unit sales contracts added another QAR59.4 million ($16.3 million) during the same period, bringing combined trading to more than QAR411 million ($112.9 million).

    The latest weekly total was 10.7 percent higher than the previous week’s QAR371 million and roughly 24.4 percent above the QAR330.5 million recorded two weeks earlier. Residential unit activity showed particularly strong growth, with the QAR59.4 million recorded from August 23 to August 27 comparing with QAR55.8 million the previous week and QAR26.3 million between August 9 and August 13.

    Properties changing hands during the period included vacant land, houses, residential buildings, commercial shops and residential units, reflecting activity across several segments of Qatar’s property market. Sales were recorded across Doha, Al Rayyan, Al Daayen, Umm Salal, Al Wakrah, Al Khor and Al Thakhira, Al Shamal and Al Shahaniya municipalities.

    Transactions were also concentrated in major development and residential areas including The Pearl Island, Lusail 69, Al Wukair, Al Gharrafa, Al Kharayej and Al Meshaf, according to the Ministry of Justice.

    July Posts Strong Monthly Results

    The weekly figures follow a relatively strong July for Qatar’s broader real estate market. Real estate sales contracts registered with the Ministry of Justice reached QAR1.859 billion during July, when 485 transactions were completed. The ministry said its transaction value index increased by 10 percent during the month, while the index tracking traded area also rose compared with June.

    Doha recorded the largest transaction value at QAR763.8 million, followed by Al Rayyan with QAR461.4 million and Al Daayen with QAR230.3 million. Al Wakrah recorded QAR171.1 million, while Umm Salal posted QAR126.1 million.

    Doha also accounted for 28 percent of properties sold during July, followed by Al Rayyan at 20 percent and Al Daayen at 18 percent. Al Wakrah represented 15 percent of transactions. Residential unit transactions totaled 114 during the month, with a combined value of QAR197.8 million. Separately, 212 mortgage transactions worth QAR4.97 billion were registered during July.

    Mid-Market Properties Drive Activity

    Earlier data from the Real Estate Regulatory Authority, Aqarat, provided detail on where demand was concentrated during the first part of 2026. Properties valued between QAR2 million and QAR3 million accounted for the largest number of sales transactions from the beginning of the year through late April, with 627 deals recorded in that price range.

    Properties worth QAR3 million to QAR5 million followed with 461 transactions, while the QAR1.5 million to QAR2 million category recorded 357 deals. Activity also remained present at the upper end of the market, with Aqarat reporting 156 transactions for properties priced between QAR5 million and QAR10 million and another 129 deals involving properties valued above QAR10 million.

    Tokenization Framework Approved

    Qatar is simultaneously moving ahead with regulatory changes designed to diversify the real estate market and attract a broader investor base. On August 26, the Cabinet approved a draft law regulating real estate tokenization and trading in real estate tokens, together with proposed executive regulations.

    The proposed framework would define the nature of a real estate token and the rights of its owner, regulate trading and connect tokens directly to the Real Estate Registry. Authorities said the framework is intended to improve transaction security, investor protection, transparency and market integrity while balancing innovation with risk management.

    The Cabinet said the proposal aligns with the Third National Development Strategy 2024-2030 and its goals of creating a more attractive investment environment and developing government services and digital transactions.

    In January, Aqarat said new rules governing Qatar’s Preliminary Real Estate Register would help strengthen the sector’s investment appeal and competitiveness while protecting beneficiaries’ rights. The rules established procedures supporting areas including map-based subdivision, off-plan property sales and project escrow accounts.

    The latest figures and regulatory developments underscore sustained activity in Qatar’s property market as authorities work to enhance transparency, expand investment options and align the sector with national development objectives. Similar market momentum has been observed across the Gulf, with Qatar recording over $103 million in weekly transactions in mid-August.