Qatar Real Estate Trading Volume Reached QR1.306 Billion in June

Doha, July 16 (QNA) - The trading volume of registered real estates in last June at the Ministry of Justice's real estate registration department stood at QR 1,306,149,749. The monthly real estate analysis data showed that 241 real estate transactions were recorded during the month, including buildings, multipurpose empty lands and multipurpose buildings. In terms of value, the municipalities of Doha, Umm Salal and Al Rayyan topped the trading, followed by Al Daayen, Al Wakra, Al Khor and Al Thakhira, Al Shamal and Al Shahaniya. The value of the transactions of Umm Salal municipality amounted to QR 393,123,139, while that of Al Rayyan municipality was QR 381,949,880. The value of Doha municipality transactions amounted to QR301,501,407, while that of the municipality of Al Daayen was QR134,860,617, and that of Al Wakra municipality stood at QR64,635,188. The municipality of Al Khor and Al Thakhira recorded trading amounting to QR22,399,370, while that of Al Shamal municipality reached QR 5,220,167, and that of the municipality of Al Shahaniya was QR2,459,981. The data showed that the real estate sector continues to grow actively in its various fields of investment and trade, and continues to see strong trading during this year, especially with the issuance of laws and new draft laws relating to ownership and real estate use, as well as laws attracting domestic and foreign capital. It also affirmed the soundness and strength of the Qatari economy and the continued growth of the real estate sector as one of its main components. (QNA)