Transactions for vacant plots of land dominated Qatar’s real estate market during January 17-21 period with deals worth QR592.1m signed during the week.
Deals worth QR237.6m were signed for vacant land plots, accounting for 59.9 percent of the total real estate sales during the week while buildings sale deals ranked second as transactions worth QR237.6m were signed, accounting for 40.1 percent of the total volume, said Ezdan Real Estate report which was sponsored by Sak Partnerships Company. According to the data gleaned from the real estate bulletin released by the Real Estate Registration Department during the period from 17-21 January 2021, it showed that the transactions were distributed among eight municipalities: Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, Al Shehaniyah and Al Wakra.
The deals included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings. Al Daayen Municipality topped in terms of the sale deal of a vacant land plot. Referring to the rental rates of Ezdan Real Estate Company, Musheirb Towers, which is one of the most important residential projects and enjoys a vital location in the center of Doha, as it is a few minutes away from the Doha Corniche, features 803 residential units, all of them consisting of two rooms
. The monthly rent for a furnished apartment starts at QR3900, while the monthly rent for an unfurnished apartment starts at QR3750. 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.
‘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 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.
