Citizen land development drives real estate market growth

A report by Al Asmakh Real Estate Development Company indicated that Qatar is witnessing accelerated progress in infrastructure development across its northern regions, which is directly contributing to increased activity in the real estate market.

The report highlighted ongoing projects in several key areas, including Al Kheesa, Al Kharaitiyat, Izghawa, Al Ebb and Leabaib, West Simaisma, Umm Salal, and Al Khor. These developments are improving connectivity and enhancing access to essential services.

Infrastructure works are currently serving more than 5,500 residential plots as part of an integrated development plan. This includes the construction of internal roads, installation of street lighting, development of pedestrian and cycling paths, and upgrades to sewage systems, drainage networks, as well as water and electricity infrastructure.

The report emphasized that these projects are playing a significant role in boosting the real estate sector by increasing demand for property ownership, supporting construction activity, and positively impacting land prices, while also contributing to the development of new residential communities.

It also noted that the projects include the development of integrated service facilities such as schools and healthcare centers, further enhancing the attractiveness of these areas as promising investment destinations.

In terms of weekly performance, the real estate market recorded 102 transactions valued at more than QAR 383.5 million between April 19 and 23, according to data from the Ministry of Justice.

As for property prices, the average price of apartments in Lusail reached approximately QAR 1.1 million for one-bedroom units, QAR 1.3 million for two-bedroom units, and QAR 1.9 million for three-bedroom units, with variations depending on location and size.