The property sale market has witnessed a significant control of buildings sale deals, which generated up to QR266.5mn or 59.1% of total market volume, while vacant land lots registered sales at a total value QR184.2mn or controlling approximately 40.9% of the total property sale activity, according to the latest Ezdan Real Estate report.
Real estate market activity between February 28 and March 4, 2021, documented sales with a total value of QR450.7mn, said the report, citing the weekly real estate bulletin released by the Real Estate Registration Department.
The sale operations were distributed among the municipalities of Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, added the report, which is sponsored by SAK Partnerships Company.
The sale deals clinched during this period included vacant land lots, residences, multi-use buildings, mixed-use space, and residential buildings.
Doha municipality witnessed the highest deal in terms of value by selling a multi-use land lot in the Old Airport area. The transaction generated up to Q64.3mn at a price of QR1,013 per square foot. The land lot extends over an area of 5,903sq m. The same area has seen the sale of a residential building for QR20.5mn at QR1,886 per sq m.
Ezdan Real Estate Company runs more than 22,800 residential units and around 790 commercial units inside Doha and its environs, including Al Wakra and Al Wukair. The company continues to invest in the real estate sector and contribute to real estate development in the State of Qatar on a large scale.