Doha: The weekly property market has witnessed sale deals worth QR469.9m, where residences sales have formed the chunk of property sale deals generating up to QR283.8m, or 60.4 percent of the total sales volume, while land plots generated up to QR186mn, or 39.6 percent of the total sales, according to Ezdan Real Estate report which was sponsored by Sak Partnerships Company.
During the period from 21-25 February 2021, the market activity showed that the registered property sales were distributed among 7 municipalities: Umm Salal, Al Khor, Al Dhakhira, Al 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.
For the first time in a while, Al Wakrah Municipality acquired the highest deal in terms of value through the sale of a commercial building in Mashaf, at a value of QR 31mn. The building spans over an area of 2024 square meters and was sold at a price of QR1423 per square foot.
The report also highlighted the rental rates of residential villas in Al Wakra, as it indicated that Ezdan Village 25 is a project featuring 61 villas of six- bedroomed structure furnished with modern furniture. The rental rates for one villa range from QR9,000 to QR10,000.
This project overlooks Al Wukair main road and is in front of Al Janoub Stadium. It is distinguished by its vicinity to Al Wakra’s commercial avenue, Ezdan Mall Al Wakra and Al Wakra Hospital.
Ezdan Real Estate Company has rendered one of its milestone projects that provides office plans and administrative places for rent, namely Umm Ghwailina office plan project. It enjoys a premium location in Doha, nearing the Corniche and the main roads. The project which features 128 offices with different sizes that can be coalesced, merged, and separated offers full-fledged services for all tenants, including parking lots, and contributes to the boom of businesses operating from such offices.
“Sharekna” is a smart real estate product provided by Sak Partnership as a solution for landlords of vacant land lots, enabling them to transform the lands into real estate projects that generate continuous gains for life. The project philosophy is based on coupling strength and success of any project.
Whether you are a landlord for a vast or small land lot, suitable for developing a residential or commercial complex, building or tower, or even a hospital or school, Sharekna offers you feasibility studies, licenses and good planning by specialized engineers and experts, as well as secures funds for undertaking the project and construction in a record time at a prime cost only, without calculating any profit margin for Sak Partnership. This saves 40 percent of the total cost of the project for the landlord, in return for a stake equivalent to one third of the project only for Sak. At the same time, the landlord may choose to divest the joint venture agreement.
Sak Company offers 5 percent commission for realtors interested to work under “Sharekna”.
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.
