The total value of real estate deals in Qatar reached QR317.2m from October 25-29, with building sale deals dominating the property sale market at 67.8 percent, with a total value of QR215.2m, according to the latest Ezdan Real Estate report which was sponsored by SAK Partnerships. 

Sale of land lots reached QR102.1m, or 32.2 percent of the market share, the report added, citing statistics from the Real Estate Registration Department.

The sale activity covered seven municipalities including Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakrah.  

The deals comprised vacant land lots, residences, multi-use buildings, mixed-use space and residential buildings.

Doha municipality ranked first in terms of the highest deal value by selling a residential building at Musherib for QR46m. The property spans over 19,158sqm, and the deal was concluded at QR1,780 per square foot.

Doha Municipality also witnessed the sale of a mixed-use building extending over 17,751sqm in Fereej Bin Mahmoud for QR24m, with the property sold at QR1,649 per square foot.

The report also highlighted the current rental rates in the residential sectors, particularly at Ezdan residential villages. In Gharaffa- based Ezdan Village 1, a 2-bedroom furnished apartment recorded a monthly rental from QR5000, while a furnished villa registered a rental starting from QR7,200 per month.

In the nearby Al Duhail area, opposite Ezdan Mall, Ezdan Village 2 registered rentals starting at QR6,000 for a 2-bedroom furnished apartment, while a 3-bedroom furnished apartment registered roughly QR6,200.

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 report also featured the smart real estate project Sharekna, which was developed by the SAK Partnerships as a solution for landlords of vacant land lots, to transform their lands into real estate projects for long-term gains and profits.

The project is suitable for developing a residential or commercial complex, building or tower, or even a hospital or school. Sharekna offers feasibility studies, licenses and good planning by specialised engineers and experts, while securing funds for undertaking the project and construction in record time at a prime cost.

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 for SAK. Sak Partnerships offers 5 percent commission for realtors interested to work under Sharekna.

To view the source of this news, please click (here)