The exceptional transactions for the sale of some properties over the past week (May 10-14, 2020) contributed to a significant rise in the real estate price index, according to Ezdan Real Estate report.
Al Daayen Municipality registered the sale of a land plot spanning over a large area at QR50m, while the Doha Municipality saw a property sale deal worth QR37.7m for a multi-use land plot located in Lusail area, which reflected the continued control of land sale over other types of properties in terms of volume, added the report.
The report indicated that as per the breakdown of property sale activity and the volume of sales that were registered during the period from May 10-14, 2020, the Real Estate Registration Department registered 54 property sale deals worth approximately QR216.3m, and the operations were distributed over 7 municipalities; Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayan, Shamal, Al Daayen and Al Wakra Municipality, and the deals entailed vacant land plots, multi-use buildings, multi-use land plots, and residential buildings.
Al Daayen Municipality accounted for the highest deal in terms of value by selling a vacant land plot in Al Khisa spreading over an area of 19,300 square metres, at a price per square foot that reached QR241, totaling QR50m, and Doha Municipality also witnessed the sale of a multi-use land plot in Lusail area spanning over 5837 square meters, at QR600 per square foot, with an aggregate value of QR 37.7m.
