Doha: Real estate price index during the past week performed robustly despite the challenges facing the market, thanks to the substantial support provided by the state to all sectors to maintain growth rates at recovered levels and flourish the market boom.
With regard to the real estate activity and the volume of sales that were registered during the period from March 22-26, 2020, the Real Estate Registration Department, at the Qatar’s Ministry of Justice has registered 49 property sales deals worth more than QR 251.7m, and the sale operations were distributed over 6 municipalities: Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Daayen and Al Wakrah, which included vacant lands, housing, multi-use buildings, multi-use space, and residential buildings.
Doha ranked first in by the sale of a 1462 -square meter vacant land lot in Old Airport area at QR2500 square foot, totaling QR 39.3m.
Also, the Doha Municipality acquired the second highest real estate deal by selling a house in the Pearl area spanning over 1628 square meters at a price per square foot of QR1785, with a total value of QR31.3m. This week hasn’t witnessed any exceptional real estate sales exceeding fifty million riyals that may contribute to raising the total value of sales.
Al Khor and Al Thakhira have seen the lowest property sale deal value throughout the week, for a piece of vacant land lot in Al Khor area spanning over 398 square meters, with an average price per square foot that did not exceed QR220, totaling approximately QR942,000
