Qatar registers 161 property deals exceeding QR1.26bn in Aug third week: Ezdan
August 30 2020 05:39 PM
Ezdan Towers at West Bay.
Ezdan Towers at West Bay.

Qatar registered some 161 property deals with total value exceeding QR1.26bn in the third week of August, Ezdan Real Estate Company has said in a report.

The deals were distributed over eight municipalities — Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, Al Wakrah and Al Sheehaniya.

These included vacant land lots, residential and multi-use buildings, multiple-use land lots and residential buildings.

Doha Municipality had seen the “highest” deal value through the sale of a multi-use land lot in Al Mansoura spanning over 13,175 square meters, at QR1,269 per square foot, totalling QR180mn.

The second highest value deal was also clinched in Doha Municipality through the sale of a residential tower in the Pearl Qatar that spreads over 7,239 square metres at a price of QR2,200 per square foot, totalling QR171.4mn.

Al Rayyan municipality registered the “lowest” sale value for a 174 sq m house in Muaither, sold at QR327 per square foot, accounting for an aggregate value of QR612,5000.

According to Ezdan, the real estate activity between August 16 and 20 saw the registration of some “exceptional” property sale deals, “triggering a robust” increase in the Real Estate Price Index.

Doha accounted for the “chunk” of sale value by clinching three major deals, each exceeding QR100mn, at the Pearl, Mansoura, and Fareej Bin Mahmoud areas.




Last updated: August 30 2020 06:00 PM


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