Qatar’s weekly property market has witnessed a surge in building sales of all types, generating up to QR1.2bn, or 79.5 percent of the total sales volume, while land lots of all types generated up to QR307.4m, or about 20.5 percent of the total sales, according to Ezdan Real Estate report.

During the period of May 23-27, the market activity showed that the registered property sales totaled QR1.5bn and were distributed among seven municipalities including Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra. 

Qatar's weekly market activity 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 of a tower located in The Pearl Qatar at a value of QR1.02bn. The building spans over an area of 12,634 square metres and was sold at a price of QR7,505 per square foot.

On the other hand, Al Rayan Municipality, witnessed the sale of a vacant land lot in Muathir, at a value of QR68.3m, extending over an area of 31,319 square metres, and the square foot stood at QR203.

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