Qatar’s mortgage market recorded robust activity in the third quarter of 2024, with total mortgage transactions reaching QR10.802 billion ($2.74 billion) across 351 deals, according to data from the Ministry of Justice. This marks a notable increase from Q3 2023, when 510 transactions were recorded with a slightly lower value of QR10.437 billion.
Doha Municipality led the mortgage market, accounting for 54.1% of the total transactions with 190 deals, representing a value of QR8.763 billion. Al Rayyan Municipality followed with 84 transactions, making up 23.9% of the total, while Umm Slal Municipality recorded 26 transactions, equating to 7.5% of total mortgage deals. In terms of transaction value, Doha consistently topped the list, while Al Shamal Municipality registered the lowest total value at QR2.160 million.
A deeper analysis reveals that Doha Municipality also dominated high-value transactions, with eight of the top ten most valuable properties, and Al Rayyan accounted for two. These top ten properties contributed a significant 73% of the total mortgage transaction value in Q3 2024.
Overall, the data highlights a higher value-to-transaction ratio in mortgage activity, especially within Doha Municipality. This trend reflects investor preference for high-value property transactions within Doha, as well as an increase in the overall scale and scope of mortgage-backed property investments across Qatar.
