Doha: Qatar’s weekly property market has witnessed sales deals worth QR431.5m, where building sales have formed the chunk generating up to QR258m, or 59.8 percent of the total sales volume, while land lots generated up to QR173.4m, or about 40.1 percent of the total sales, according to Ezdan Real Estate report which was sponsored by Sak Partnerships Company.
The market activity from March 21-25 showed that the registered property sales were distributed among 7 municipalities including Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, and included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings, according to the data gleaned from the real estate bulletin released by the Real Estate Registration Department.
Doha Municipality ranked first in terms of value through the sale of a residential building in Fereej bin Omran at QR23m. The building spans over an area of 1,653sqm and was sold at QR1,293 per square foot.
The report also highlighted some of Ezdan’s milestone projects in office plan spaces, in a premium location in Umm Ghwailina. It is in vicinity with Corniche and provides lots of services to tenants, including car parking, and overlooks the main road which enhances the businesses renting these offices. The project features 128 offices with different spaces.
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.
