Qatar’s weekly property sales has seen a growth in the number of building deals, which reached QR309.8m, or 67.3 percent of the total volume of the market activity from December 13-17, while vacant land lots of all types generated up to QR150.9m, or 32.7 percent of the market sales, according to the latest Ezdan Real Estate report which is sponsored by SAK Partnerships.

The report, citing the Real Estate Registration Department’s weekly real estate bulletin, noted that the total value of real estate deals during the same period stood at QR460.4m. 

The deals which include 95 property sales are distributed over seven municipalities including Umm Salal, Al Khor, Al Thakhira, Al Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakra.

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

Al Rayan municipality ranked first in terms of the highest deal by selling a residential compound in Izghawa, with an aggregate value of QR27.1m. The compound spans over an area of 5,725sqm, and was sold at QR440 per square foot. Al Rayan Municipality also witnessed the sale of a residential compound at QR24.5m, spread over 6,490sqm, at a price of QR350 per square foot.

The report also highlighted the milestone projects in the country’s real estate sector. This includes the Al Rayyan Towers, which was established in 2013 by the Ezdan Holding Group in the heart of Doha with close proximity to Souq Waqif. The project features 8 tower buildings with about 910 housing units spanning over 150,000sqm of land. Al Rayyan Towers provides 789 apartments consisting of furnished two-bedroom units for rent at QR4,500 per month and QR4,000 for the non-furnished, in addition to 21 three-bedroom apartments with monthly rental of QR6,000, 80 one-bedroom apartment units with monthly rental of QR4,000, and a 4-room apartment with a monthly rental of QR6,500.

The report also noted the smart real estate project Sharekna which is provided by SAK Partnerships as a solution for landlords of vacant land lots, enabling them to transform the lands into real estate projects that generate long-term 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, as well as secures funds for undertaking the project and construction in a record time at a prime cost. 

Ezdan Real Estate Company runs more than 22,800 residential units, and around 790 commercial units inside Doha and its environs.

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