PHOTO
06 October 2016
DOHA: Qatar’s real estate market remained firm as the number of transactions and value of deals in the sector increased during the fourth week of September, according to Ezdan Weekly Report.
The total number of transactions in the country stood at 76 in the fourth week of the month compared to the 36 transactions in the previous week, showing an increase of 111 percent.
The value of transaction was QR724.1m compared to QR182.9m in the previous week, reflecting an increase of 296 percent. The average real estate transactions per day was about QR144.8m, according to the report.
The largest deal worth QR190m was recorded in Doha Municipality that contributed to the significant rise in the value of total transactions. Doha Municipality witnessed maximum number of transactions during the week, with the execution of 23 deals having a value of QR536.1m, making 74 percent of the total transactions.
Al Rayan municipality saw 15 transactions with a value of QR77m while Al Wakra Municipality recorded eight transactions with a value of QR33.6m.
Umm Salal municipality registered 11 transaction worth 28.1m while Al Khor and Dakhie Municipality registered 12 deals with a value of QR27.9m.
Al Daayen Municipality witnessed six deals with a value of QR20.5m while Al Shamal municipality recorded just one transaction worth QR0.9m.
Experts opined that the opening of schools led to the sudden boom in real estate sector and it was termed favourable for Qatar’s economy.
DOHA: Qatar’s real estate market remained firm as the number of transactions and value of deals in the sector increased during the fourth week of September, according to Ezdan Weekly Report.
The total number of transactions in the country stood at 76 in the fourth week of the month compared to the 36 transactions in the previous week, showing an increase of 111 percent.
The value of transaction was QR724.1m compared to QR182.9m in the previous week, reflecting an increase of 296 percent. The average real estate transactions per day was about QR144.8m, according to the report.
The largest deal worth QR190m was recorded in Doha Municipality that contributed to the significant rise in the value of total transactions. Doha Municipality witnessed maximum number of transactions during the week, with the execution of 23 deals having a value of QR536.1m, making 74 percent of the total transactions.
Al Rayan municipality saw 15 transactions with a value of QR77m while Al Wakra Municipality recorded eight transactions with a value of QR33.6m.
Umm Salal municipality registered 11 transaction worth 28.1m while Al Khor and Dakhie Municipality registered 12 deals with a value of QR27.9m.
Al Daayen Municipality witnessed six deals with a value of QR20.5m while Al Shamal municipality recorded just one transaction worth QR0.9m.
Experts opined that the opening of schools led to the sudden boom in real estate sector and it was termed favourable for Qatar’s economy.
© The Peninsula 2016
