RIYADH: Qatar’s property price index hit a record 244.56 points in May as strong transaction activity and mortgage lending continued to support the real estate market.
The index rose 8.7 percent from a year earlier and 1.28 percent from April, according to data released by the Qatar Central Bank. The reading marks the highest level since the current Real Estate Price Index series was introduced in June 2021.
Published monthly, the index tracks price movements based on actual buy-and-sell transactions registered with the Ministry of Justice. Using 2014 as its base year, the index calculates average prices from recorded deals, classified by property type and location, and converts them into an index that reflects broader market trends.
The latest reading highlights the strength of Qatar’s real estate market, supported by steady demand across residential and commercial segments amid ongoing infrastructure investment and economic growth.
Trading activity remained strong in May, with total real estate transactions exceeding 1.73 billion Qatari rials ($476.80 million) across 420 deals, according to the Ministry of Justice’s Real Estate Analytical Bulletin.
