Qatar’s weekly property sale market witnessed a significant number of building sale deals, which generated up to QR266.5m, or 59.1 percent of total market volume, while sale of vacant land lots registered a total value of QR184.2m or about 40.9 percent of the total property sale activity, according to Ezdan Real Estate report, which is sponsored by SAK Partnerships.

The real estate market activity from February 28- March 4 recorded real estate sales with a total value of QR450.7m, Ezdan said, citing the weekly real estate bulletin released by the Real Estate Registration Department.

The sale operations were distributed among 7 municipalities including Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakrah.

The sale deals clinched during this period included vacant land lots, residences, multi-use buildings, mixed-use space and residential buildings.

Doha municipality witnessed the highest deal in terms of value by selling a multi-use land lot in the Old Airport region. The transaction generated up to QR64.3m, at a price of QR1,013 per square foot. The land lot extends over an area of 5,903sqm. The same region saw the sale of a residential building, clinched at QR20.5m, at QR1,886sqm.

The report also highlighted the rental rates of Ezdan Real Estate developments in Doha, namely “Musherib” compounds, one of the most key residential projects at the centre of Doha and within the vicinity of the Doha Corniche. 

The project includes 803 residential units of 2-BHK type. The monthly rent for a furnished apartment reaches QR3,900, while the monthly rent for an unfurnished apartment starts at QR3,750.

“Sharekna”, a smart real estate product provided by SAK Partnerships is another 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 aimed at landlords of vast or small land lots seeking to develop real estate projects such as 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, without calculating any profit margin for SAK Partnerships. 

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 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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