Doha, October 04 (QNA) - The Real Estate Regulatory Authority (Aqarat) announced that some real estate market indicators in the State of Qatar declined during the past week.

The data put out on Aqarat's X account on Sunday showed that the total value of sale contracts during the 40th week of 2026 (the period from Sept. 27 to Oct. 3) reached QAR 482.4 million, down 30.9 percent week over week and 20 percent year over year, with 118 contracts executed, a 15.1 percent decline week over week and a 21.9 percent decline year over year.

The authority highlighted that sales during the week were distributed by property type, with villas accounting for QAR 224.7 million, or 46.5 percent, of the total sales value, followed by vacant land at QAR 197.7 million, or 40.9 percent, then buildings at QAR 29.8 million, or 6.1 percent, and other property types at QAR 30.2 million, or 6.2 percent.

Al Rayyan Municipality led real estate transactions with QAR 130.9 million, followed by Doha Municipality with QAR 116.7 million and Al Wakra Municipality with QAR 99.7 million.

Regarding mortgage indicators, Aqarat said the number of mortgage contracts reached 27 during the week in question, with a total value of QAR 1.04 billion, marking a 53.8 percent decline week over week and a 198.4 percent increase year over year.

Mortgage values were distributed by property type, with vacant land accounting for QAR 827 million, or 82.3 percent, followed by towers at QAR 130 million, or 12.9 percent, then buildings at QAR 47 million, or 4.6 percent.

Doha Municipality ranked first in terms of the value of mortgages, at QAR 923 million, followed by Al Daayen Municipality at QAR 63 million and Al Rayyan Municipality at QAR 26 million.

Regarding rental indicators, Aqarat reported 518 rental contracts with a value of QAR 4.49 million, marking a 58.6 percent decline in value week over week and a 91.5 percent decline year over year, as well as a 56.6 percent decline in the number of contracts week over week and an 89 percent decline year over year.

  Rental values were distributed by type, with villas accounting for QAR 2.29 million, or 51.6 percent, followed by apartments at QAR 1.23 million, or 27.7 percent, then commercial showrooms at QAR 0.66 million, or 14.9 percent, and other property types at QAR 0.31 million, or 5.9 percent.

Al Rayyan Municipality ranked first in rental value at QAR 2.0 million, followed by Doha Municipality at QAR 1.4 million and Al Wakra Municipality at QAR 0.4 million. (QNA)