Qatar’s weekly property market has witnessed higher sales for buildings of all types, generating up to QR350m, or 78.3 percent of the total sales volume, whilst land lots of all types generated up to QR97.2m, or approx. 21.7 percent of the total sales, according to Ezdan Real Estate report.

The market activity from May 16-20 showed that the registered property sales totaled QR447.3m and were distributed among 7 municipalities: Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, and included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings, according to the data gleaned from the real estate bulletin released by the Real Estate Registration Department.

Doha Municipality ranked first in terms of value through the sale a residential building in Onaiza at a value of QR223.4m. The building spans over an area of 34,027sqm and was sold at QR610 per square foot.

Doha also has seen the sale of another residential building in the same region, at QR45.8m, extending over an area of 6,930sqm, and the square foot stood at QR614.

The report shed light on rental rates as well, indicating that Ezdan Village 1 in Al Gharafa offers premium rental rates, especially in light of the privileged location in the heart of the Al Gharafa region near the major commercial centres and vital facilities. A furnished apartment of two rooms registered a monthly rent starting from QR5,100, while a furnished villa rental starts at QR7,200 per month.

In the nearby Al Duhail area, where it is in the heart of Doha, opposite Ezdan Mall, and a few minutes away from the major shopping malls, Ezdan Village 2 in Al Duhail comes with rates starting from QR6,050 for a two-bedroom furnished apartment, while a furnished apartment of three rooms starts at 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 company continues to invest in the real estate sector and contribute to real estate development in the State of Qatar.

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