Doha: The property sale market has gained momentum following the conclusion of 183 sale deals, mostly concentrated in the municipalities of Doha and Al Daayen, pushing the real estate price index at record levels.
This rise comes in line with the decline of COVID19 outbreak curve and the gradual ease down of lockdown restrictions, according to Ezdan Real Estate report.
The breakdown of property sales volume during the period from 12-16 July 2020 released by the Real Estate Registration Department reflected a total record of 183 sale deals worth approximately QR783.5m, and the operations were distributed over 7 municipalities, namely; Umm Salal, Al Khor & Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakra, which included vacant land lots, housing, multi-use buildings, multiuse space, and residential buildings.
Doha Municipality accounted for the highest deal in terms of value by selling a piece of vacant land lot in Legtaifiya spanning over an area of 2910 square meters, at QR 958 per square foot totaling QR30m. Also, Doha Municipality witnessed the sale of a land lot in Legtaifiya, which covers an area of 6,749 square meters. The deal was completed at an advance price of QR400, totaling QR29.1m.
