The property sale market activity within the week has seen building sale deals worth QR302.5mn or 57.1% of total sales value, while vacant land lots generated nearly QR227.3mn or 42.9% of the sales value, according to the latest Ezdan Real Estate report.
The data from the Real Estate Bulletin released by the Real Estate Registration Department from January 24-28, 2021 showed that the number of property sales reached 154 deals worth QR529.9mn covering the municipalities of Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, Al Shehaniyah, and Al Wakrah.
The deals clinched included the sales of vacant lands, residences, multi-use buildings, multi-use land lots, and residential buildings, stated the report, which was sponsored by Sak Partnerships Company.
Doha led the weekly sale activity in terms of the highest deal value with the sale of a residential building in Old Al Ghanem spanning over an area of 1,721sq m.
 The deal was concluded at an aggregate sum of QR47.9mn at QR2,587 per square feet.
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.


Sharq Law Firm secures 100% award for claimant in ICC arbitration
Sharq Law Firm has successfully achieved a 100% award for the claimant in ICC arbitration in relation to a major infrastructure project in Qatar.
“The case was challenging due to, amongst others, the existence of a back-to-back clause in the contract where the respondent challenged the claimant’s entitlement on a pay-when-paid basis, as a specific manifestation of the back-to-back principle,” its spokesman said.
The matter also touched upon elements of completion, the lack of written instructions for various jurisdictional challenges and the interplay of upstream proceeding.
Ultimately, the claimant was granted return on outstanding guarantees, payment of variations, payment of retention, payment for works completed and costs to be paid by the respondents.
This case was one of the earlier hearings requiring a last-minute change from an in-person hearing to a virtual one due to the restriction and risks posed by the international travel due to Covid-19.
As a result, the hearing and witness evidence was conducted virtually using the newly published Seoul Protocol of video conferencing in international arbitration.
Sharq Law Firm fully endorses the use of virtual hearings as a means of conducting arbitral proceedings which keep the community safe and ultimately saves the parties’ costs.