Building sale deals have formed the chunk of total property sale market activity during the past week, by clinching 61 deals for the sale of buildings of various types, generating a total value of approximately QR339.6m, accounting for 69.2 percent of the total value of sold properties in one week, noted Ezdan Real Estate report, which is sponsored by Sak Partnerships.

On the other hand, land sale deals registered 49 transactions generating nearly QR151m, Ezdan report said citing statistics from the weekly real estate bulletin issued by Real Estate Registration Department.

Ezdan Real Estate Company runs more than 22,800 residential units, and around 790 commercial units inside Doha and its environs, including Al Wakra and Al Wukair. The real estate giant continues to invest in the sector and contributes to real estate development in Qatar on a large scale.

In terms of total value and volume of sales that were registered during the period from October 18 to 22, 2020, the Real Estate Registration Department has registered 110 property sale deals, standing at an approximate value of QR490.6m, and the operations were distributed among eight municipalities Umm Salal, Al Khor, Al Thakhira, Al Doha, Al Rayyan, Al Shamal, Al Sheehaniya, Al Daayen, and Al Wakra. The sale deals covered vacant land plots, residences, multi-use buildings, multiple-use vacant lands and residential buildings.

Al-Rayyan municipality acquired the highest deal in terms of value by selling a residential complex in Ain Khaled spanning over 40,038 square meters, sold at QR281 per square foot, totaling QR121m.

Umm Salal Municipality has witnessed the second highest deal in terms of value by selling a land lot in Jeryan Genihat spreading over 7805 square meters, sold at QR288 per square foot, making an aggregate value of QR24.2mn.

However, Al Shamal Municipality witnessed the lowest deal in terms of value for a land lot in Aba Al Dhalouf, spanning over of 590 square meters, and was sold at QR126 per square foot, totalling QR800,000.

Al Wukair has turned to be one of the dynamic regions in Qatar, signaling a remarkable activity, over which Ezdan Oasis project has been established. The project features 347 residential buildings, and many of them contain shops on the ground floor, providing 8,769 housing units, and about 588 commercial outlets, all of which span over an area of one million square meters. The project provides fully furnished two-room apartments starting at QR4,000 per month, while three-room apartment starts at QR6,000 per month, and one-room apartment at QR3,500. With regard to the rental outlets offered for leasing, the project offers retail shops for QR120 per meter for the annual two-year contract, and the tenant will be given 15 months free of charge.

Its important to note that the company has recently launched ‘Sharekna’, a Smart Real Estate Project solution.

Sharekna is a smart real estate product provided by Sak Partnership as a solution for landlords of vacant land lots, enabling them to transform the lands into real estate projects that generate continuous gains for life. The project philosophy is based on coupling strength and success of any project.

Whether you are a landlord for a vast or small land lot, suitable for developing a residential or commercial complex, building or tower, or even a hospital or school, Sharekna offers you feasibility studies, licenses and good planning by specialized engineers and experts, as well as secures funds for undertaking the project and construction in a record time at a prime cost only, without calculating any profit margin for Sak Partnership. This saves 40 percent of the total cost of the project for the landlord, in return for a stake equivalent to one third of the project only for Sak. At the same time, the landlord may choose to divest the joint venture agreement. Sak Company offers 5 percent commission for realtors interested to work under “Sharekna”.

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