The property sale market has witnessed a significant rise in land sale transactions of all types, generating up to QR218.7mn or 55.7% of total sales value, according to Ezdan Real Estate’s weekly report, which is sponsored by Sak Partnership.
The report also stated that building sale deals of all kinds, including residences, residential buildings, and complexes amounted to QR173.8mn or 44.3% of the total volume.
The breakdown of property sale activity registered from October 4 to 8, 2020 reflected a sales volume totalling QR392.5mn in the municipalities of Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakrah.
The deals included vacant lands, residences, multi-use buildings, mixed-use space, and residential buildings, according to Ezdan’s report, citing Real Estate Registration Department figures.
Doha municipality acquired the highest deal in terms of value through the sale of a plot in Hazm Al Markhiya spanning over 6,331sq m. The deal stood at QR374 per square foot, totalling QR25.5mn.
Similarly, a land lot in Hazm Al Markhiya was sold at an aggregate value of QR19.3mn. The land spreads over an area of 3,240sq m. The deal was clinched at QR552 per square foot.
Ezdan’s report on market activity expounded on some current rental rates in the residential category. Rental rates in the Umm Guwailinaa area showed that the average rental for an unfurnished 2BHK apartment is at QR4,560, while the average rent of a furnished 2BHK apartment costs QR5,100.
Rental rates in the New Doha area for an unfurnished 2BHK apartment stood at an average of QR4,250 based on the equipment, furniture, and services provided by each property, while a furnished 2BHK apartment in the same area was valued at QR4,800.
In Al Gharaffa, rental rates for a 2BHK apartment recorded an average of QR5,125, and residential villas recorded an average rent of QR9,000 depending on the services and amenities.
The breakdown of property sale activity registered from October 4 to 8, 2020 reflected a sales volume totalling QR392.5mn in the municipalities of Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakrah.
The deals included vacant lands, residences, multi-use buildings, mixed-use space, and residential buildings, according to Ezdan’s report, citing Real Estate Registration Department figures.
Doha municipality acquired the highest deal in terms of value through the sale of a plot in Hazm Al Markhiya spanning over 6,331sq m. The deal stood at QR374 per square foot, totalling QR25.5mn.
Similarly, a land lot in Hazm Al Markhiya was sold at an aggregate value of QR19.3mn. The land spreads over an area of 3,240sq m. The deal was clinched at QR552 per square foot.
Ezdan’s report on market activity expounded on some current rental rates in the residential category. Rental rates in the Umm Guwailinaa area showed that the average rental for an unfurnished 2BHK apartment is at QR4,560, while the average rent of a furnished 2BHK apartment costs QR5,100.
Rental rates in the New Doha area for an unfurnished 2BHK apartment stood at an average of QR4,250 based on the equipment, furniture, and services provided by each property, while a furnished 2BHK apartment in the same area was valued at QR4,800.
In Al Gharaffa, rental rates for a 2BHK apartment recorded an average of QR5,125, and residential villas recorded an average rent of QR9,000 depending on the services and amenities.