The Real Estate Registration and Documentation Departments at the Ministry of Justice released a weekly statistical report on real estate trading activity. The report showed that 108 contracts, worth approximately 79 million dinars, were traded in the first week of July. When compared to the previous week’s total of 112 million dinars, which ended on June 30, this represents a 29% decline.
On the other hand, there was a rise in the quantity of contracts, totaling eight more, which was 8% more than the previous week’s total of 100 contracts. According to the statistics, 68 contracts worth 26 million dinars were registered for private real estate, 35 contracts worth 43 million dinars were registered for investment real estate, and 4 contracts worth 4.8 million dinars were registered for craft real estate.
Furthermore, a single exhibition contract worth 4.8 million dinars was documented. According to the report, there were 24 private real estate contracts worth 6.4 million dinars in the Ahmadi area, the most with 11 contracts worth 6.1 million dinars in Hawalli Governorate, 10 contracts worth 3.8 million dinars in Farwaniya Governorate, 9 contracts worth 3.6 million dinars in Mubarak Al-Kabeer Governorate, 7 contracts worth 2 million dinars in Jahra Governorate, and 7 contracts worth 4 million dinars in the capital. In the field of craft real estate, Ahmadi observed 4 contracts totaling 417 thousand dinars; the Farwaniya area recorded 2 contracts totaling 2.7 million dinars; Mubarak Al-Kabeer had 2 contracts totaling 4.8 million dinars;Farwaniya area recorded 2 contracts worth 2.7 million dinars, Mubarak Al- Kabeer had 2 contracts worth 4.8 million dinars, and one contract for Jahra area worth 1.6 million dinars. There were four craft contracts in Ahmadi area and one exhibition in Farwaniya area.
With the exception of the commercial sector, where trading in private real estate increased by one contract, in the investment sector by twelve contracts, and in the craft real estate sector by four contracts, the report showed an increase in the real estate trading index in various types of properties during the first week of July. In contrast, the trading index for exhibition, warehouse, and coastal strip properties stayed stable while trading in commercial real estate fell by 10 contracts.
