Qatar real estate activity reaches $580m

RIYADH, Nov 17 (Arab News): Real estate transactions in Qatar reached 2.1 billion Qatari riyals ($580 million) in October, reflecting sustained momentum in the sector, official data showed.

Citing the Ministry of Justice's Real Estate Bulletin, Qatar News Agency reported that 571 property deals were recorded during the month.

The Real Estate Sales Index showed an 11 per cent rise in the number of properties sold, while the Transaction Value Index increased by 13 per cent and the Traded Area Index rose by 6 per cent.

The growth of Qatar's real estate sector mirrors a broader trend across the Gulf Cooperation Council, where countries including Saudi Arabia are positioning themselves as business and tourism hubs as part of wider economic diversification efforts.

"Real estate trading data during October 2025 indicates that the real estate sector continues its strong and steady growth in various investment and commercial fields, thus continuing the active trading movement that the sector has witnessed recently," said QNA.