Buildings of all types including residences, residential buildings and complexes have formed the chunk of the weekly property sales market generating up to QR2.6bn, or 97 percent, of the total sales volume. Land plots generated up to QR78m, or 2.9 percent of the total sales, said Ezdan Real Estate report which was sponsored by Sak Partnerships Company.

According to the data gleaned from the real estate bulletin released by the Real Estate Registration Department during the period from December 27-31, 2020, showed that the registered property sales generated a total value of QR 2.7bn and the operations were distributed among eight municipalities: Umm Salal, Al Khor, Al Dhakhira, Al Doha, Al Rayyan, Al Shamal, Al Daayen, Al Shehaniyah and Al Wakra.

The deals included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings.

Doha Municipality acquired the highest deals in terms of value through the sale of a tower in the Onaizah area, at a value of QR609m. The tower spans over an area of 4,030 square meters, at a price of QR14,039 per square foot.

Doha has also witnessed the sale of two towers at the same price, each at QR467m located in the Pearl Region, while Al-Mirqab area witnessed the sale of another tower at a value of QR212.3m.

Referring to the rental rates of Ezdan Real Estate Company, Musheirb Towers, which is one of the most important residential projects and enjoy a vital location in the center of Doha, features 803 residential units, all of them consisting of two rooms. 

The monthly rent for a furnished apartment starts at QR3900, while the monthly rent for an unfurnished apartment starts at QR3750.

‘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.

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

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