The real estate price index, according to the statistics disclosed by Ministry of Justice, reflected that vacant land lots control over most of property sales deal by an estimated QR84m, or 37.4 percent, while residences sale deals were clinched at QR79.8 m.
The multi-use vacant lands realized around QR 4.8mn, according to Ezdan Real Estate report. The initial breakdown of the real estate market performance reveals a positive and buoyant resistance against the Coronavirus (COVID-19) outbreak repercussions, which aligns at the same time with the announcement of the gradual easing of preventive restrictions imposed, the report added.
The real estate bulletin released by Real Estate Registration Department for the period from May 31 to June 4, 2020, registered up to 84 property sale deals with a total value exceeding approximately QR224.5mn, distributed over seven municipalities, namely; Al Rayyan, Al Shamal, Al Daayen, and Al Wakrah, entailing vacant land lots space, residences, multiuse buildings, multi-use vacant land lots, and residential buildings.
Doha Municipality ranked first in terms of value by selling a residential building in Umm Ghuwailina spanning over 1449 square meters, at a price per square foot that touches QR2052, totaling QR32mn, second deal is also in Doha, that included a residential building in Fereej Bin dirham spanning over an area of 584 square meters at a price of QR2068 per square feet, with an aggregate value of QR13 mn.
Al Shamal Municipality has seen the clinching of the lowest two property deals in terms of value by selling two vacant land lots spanning over an area of 540 square meters each, at a price of QR 120 per square foot, with a total value of QR 700.000 each.
