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Real estate trade volume exceeds QR617 million in a week

The volume of real estate trading in sales contracts registered at the Department of Real Estate Registration at the Ministry of Justice during the period from September 6 to September 10 reached QR617.175 million.
The weekly bulletin issued by the department showed that the list of real estate properties traded for sale included vacant lands, houses, residential buildings and multi-purpose buildings.
The sales were concentrated in the municipalities of Al Daayen, Doha, Umm Salal, Al Rayyan, Al Wakrah, Al Khor, Al Dhakhira and Al Shamal.
The volume of real estate trading from August 30 to September 3 reached QR410.354 million.
Meanwhile KPMG said in its recent report that the decline in Qatar’s real estate has been ‘much softer’ in the first half than the decline witnessed over the same period in 2019,
The latest KPMG Qatar Real estate Rental Index showed that in the pre Covid -19 phase during the first half of this year, residential real estate’ affordable segment witnessed increased vacancy levels.
This was primarily due to the movement of tenants seeking affordable deals in the middle-income housing areas of Doha.