Doha: Qatari real estate price index has witnessed clinching exceptional deals in the municipalities of Doha and Al Rayyan at more than QR50m each, which triggered a hefty increase in index compared to a week earlier. This is despite the heavy challenges that struck the markets and rendered a sluggish spell, Ezdan Real Estate report noted,citing Real Estate Registration Department’s latest figures.
According to figures released by the Real Estate Registration Department, 53 property sale deals were completed for the period from March 15-19.
The total deal value exceeded approximately QR328.6m, and they covered 7 municipalities: Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shehaniya, Al Daayen and Al Wakra, and entailed vacant land lots, multi-use buildings, and residential buildings. Doha Municipality accounted for the highest deal in terms of value by selling a residential complex in Old Airport area spanning over 7,274 square meters, at QR766 per square foot, with an aggregate value of QR60m, while Al Rayyan Municipality ranked second in terms of value after selling a commercial building in Aziziyah area extending over 2,459 square meters at a price of QR2,040 per square feet, totaling QR54m.
Al Rayyan Municipality also witnessed the registration of the third largest real estate deal in terms of value by selling a house in Al Merikh spanning over an area of 11,871 square meters at a price of QR391 per square foot, with a total of value of QR50m.
