Building sale deals comprise the chunk of total property sale market activity during the past week following 61 deals for the sale of buildings of various types, generating a total value of approximately QR339.6mn or 69.2% of the total value of sold properties in one week, the Ezdan Real Estate Report stated.
On the other hand, land sale deals registered 49 transactions generating approximately QR151mn, the report said, citing statistics from the weekly real estate bulletin issued by Real Estate Registration Department.
In terms of total value and volume of sales that were registered from October 18 to 22, the Real Estate Registration Department registered 110 property sale deals, standing at an approximate value of QR490.6mn, which were distributed among the municipalities of Umm Salal, Al Khor, Al Thakhira, Al Doha, Al Rayyan, Al Shamal, Al Sheehaniya, Al Daayen, and Al Wakrah.
The sale deals covered vacant land lots, residences, multi-use buildings, multiple-use vacant lands and residential buildings, said the report, which is sponsored by Sak Partnerships.
Al-Rayyan municipality acquired the highest deal in terms of value by selling a residential complex in Ain Khaled spanning over 40,038sq m, sold at QR281 per square foot, totalling QR121mn.
Umm Salal Municipality witnessed the second highest deal in terms of value by selling a land lot in Jeryan Genihat spreading over 7,805sq m, sold at QR288 per square foot, making an aggregate value of QR24.2mn.
On the other hand, Al Shamal Municipality witnessed the lowest deal in terms of value for a land lot in Aba Al Dhalouf, spanning over of 590sq m, and was sold at QR126 per square foot, totalling QR800,000
Ezdan Real Estate Company runs more than 22, 800 residential units and around 790 commercial units inside Doha and its environs, including Al Wakrah and Al Wukair. The company continues to invest in the real estate sector and contributes to real estate development in the State of Qatar on a large scale.
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