Weekly real estate transactions did not see any exceptional deals in one week, however, the Real Estate Price Index remained at good levels due to the rise in transactions volume during the first few days of this month, according to Ezdan Real Estate report. 

The sale of buildings accounted for 61 transactions at about QR214.6m, representing 52.3 percent of the total value of sold properties, while land lots registered 102 sale deals, at nearly QR195.7m, or 47.7 percent of the total value of properties sold during the week. 

The breakdown of property sale transactions from August 30 to September 3, 2020 showed 163 deals worth more than QR 410.4m. Operations were distributed over 7 municipalities including Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakrah. 

The transactions included selling vacant land lots, residences, multi-use buildings, mixed-use land lots and residential buildings. Al Daayen municipality acquired the highest deals in terms of value through the sale of a land lot in the Al Sakhama, at a value of nearly QR11m. 

The land spans over 3,704sqm and sold at QR275 per meter square. This week has not seen any exceptional deals worth over QR50m that may lift the real estate price index, yet the rise in volume of deals throughout the week, triggered a remarkable increase in the index, the report added. 

Umm Salal Ali ranked second in terms of deal value as it has seen the sale of a multi-use land lot spanning over 900sqm. The deal was clinched at QR1,043 per square foot, totalling QR10.1m.

For more details, please click (HERE)