Qatar's realty and construction sector painted a rosy picture in May this year as building permits issued in the country witnessed a strong double-digit growth on an annualised and monthly basis, according to official estimates.
Qatar saw as many as 758 building permits issued in May 2023, which increased 17.5% and 98% year-on-year and month-on-month, respectively, in the review period, showed figures released by the Planning and Statistics Authority.
Al Rayyan, Doha and Al Wakra municipalities together constituted 69% of the total building permit issued in May 2023.
The building permits data is of particular importance as it is considered an indicator for the performance of the construction sector which in turn occupies a significant position in the national economy.
Of the total number of new building permits issued, Al Rayyan constituted 187 permits or 25% of the total, followed by Doha 168 (22%), Al Wakra 165 (22%), Al Daayen 109 (14%), Umm Slal 51 (7%), Al Khor 43 (6%), Al Sheehaniya 23 (3%) and Al Shamal 12 (2%) in May 2023.
Total building permits issued in Al Khor witnessed 186.7% surge year-on-year this May, followed by Al Sheehaniya (130%), Al Wakra (21.3%), Al Shamal (20%), Al Daayen (16%), Al Rayyan (112%), Umm Slal (8.5%) and Doha (1.2%).
On a monthly basis, the total building permits issued in Al Shamal reported a 300% jump, Umm Slal 240%, Al Sheehaniya 130%, Al Daayen 127%, Al Wakra 101%, Doha 89%, Al Rayyan 83% and Al Khor 26% in May 2023.
The new building permits (residential and non-residential) constituted 302 permits or 40% of the total building permits issued in May 2023, additions 442 (58%) and fencing 14 (2%).
Of the new residential buildings permits, villas topped the list, accounting for 84% (203 permits), apartments 8% (19) and dwellings of housing loans permits 7% (17).
Among the non-residential sector, commercial structures accounted for 48% or 29 permits, the industrial buildings as workshops and factories 28% (17 permits) and governmental buildings 13% (eight permits).
Qatar saw a total of 464 building completion certificates issued in May 2023, of which 374 or 81% were for new buildings (residential and non-residential) and 90 or 19% for additions.
On an annualised basis, the total building completion certificates issued in the country saw an 87.1% growth in May 2023 with Al Shamal registering a 220% surge, Doha 180%, Umm Slal 121.4%, Al Sheehaniya 116.7%, Al Wakra 69.4%, Al Rayyan 65.7%, Al Khor 62.5% and Al Daayen 62.3%.
Qatar saw an 83% month-on-month expansion in the total building completion certificates issued in May 2023 with Doha registering a 200% growth, Al Shamal 167%, Al Wakra 144%, Al Sheehaniya 117%, Al Rayyan 55%, Al Daayen 46% and Umm Slal 29%, while those in Al Khor remained flat.
Al Rayyan constituted 116 certificates or 25% of the total number of certificates issued in the review period, Al Wakra 105 (23%), Al Daayen 86 (19%), Doha 84 (18%), Umm Slal 31 (7%), Al Khor 16 (3%), and Al Shamal and Al Shahaniya 13 each (3%) in May 2023.
Of the 289 residential buildings completion certificates issued, as many as 251 or 87% were for villas, 24 or 8% for apartments and 14 or 5% for dwellings of housing loans.
Of the 251 villas completion certificates issued in May 2023, as many as 67 were in Al Rayyan, 63 in Al Daayen, 52 in Al Wakra, 25 in Doha, 21 in Umm Slal, 12 in Al Shamal, eight in Al Khor and three in Al Sheehaniya.
In the case of 24 apartments, Doha issued 11 completion certificates; Al Rayyan 10 and one each in Al Wakra, Al Daayen and Al Shamal.
Among the non-residential building completion certificates issued, commercial structure numbered 52 or 61% of the total, followed by industrial buildings 18 or 21% and mosques seven or 8%.
