Qatar’s real estate transaction value up 24 percent in 2014

11 Jan 2015

(MENAFN) Qatar’s real estate transactions witnessed an increase by 24 percent in 2014 compared with 2013’s transaction value, with the combined value of the country’s real estate transactions hitting USD15.21 billion during the year, The Peninsula Qatar reported.

The month of December witnessed a record jump in transaction value, having a total transaction value of USD2.14 billion compared to USD823.68 registered during the same month in 2013.

In terms of each month in the year, the transaction value stood at USD1.31 billion in January 2014, against USD768.77 million a year ago, while February saw a decline in value to USD796.22 million from USD851.13 million in 2013 but it was back up again in March, when the value jumped to USD1.15 billion in comparison with USD796.22 million during March of 2013.

April 2014 value of transaction recorded an increase by 14.6 percent, while May witnessed a 33.3 percent jump and June’s value stood at USD1.09 billion against USD1.15 billion for the same month in 2013.

The month of July also saw a huge jump as the combined value surged to USD1.86 billion, compared to USD1.51 billion in the same month a year ago, while August’s total value was USD521.66 million, up from USD274.56 million, September’s value stood QR2.6billion against QR4.1billion, October’s value was QR4.5billion against QR3.5billion and in November, the transaction value hit QR3.8billion against QR5.9billion during the same month in 2013, down 35.6 percent.