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20 October 2016
DOHA: Qatar’s real estate market remained firm as number transactions in the sector increased during the second week of October.
According to Ezdan Weekly Report, Qatar’s market witnessed total 235 transactions during the second week of this month compared to 100 deals in the previous week.
Total number of transaction jumped by 135 percent on week on week basis. Total value of the transactions during the week were QR618.7m compared QR746.7m a week ago.
There was a decline of 17 percent in terms of value of transactions during the second week of this month compared to previous week. The biggest deal of the week was worth QR16m was recorded in Al Juma in Doha Municipality.
The daily average of real estate transactions was about QR123.7m, according to the report.Deals of ready buildings dominated the real estate market as they accounted for around 87.5 percent of the total transactions while transactions related to plot of lands constituted 12.5 percent of the transactions. Al Daayen Municipality witnessed maximum number of transactions during the week, with the execution of 161 deals having value of QR371.7m, making 60 percent of the total transactions.
The biggest deal in the municipality was of QR4.8m. Doha Municipality registered 23 deals worth QR111.8m during the week.
Al Rayan municipality saw 23 transactions with a value of QR68.7m with largest deal coming at QR15m. Al Wakra Municipality recorded 11 transactions with a value of QR27.7m and the biggest deal in the municipality was of QR3.9m.
Umm Salal Municipality registered 10 transactions with a value of 27m, witnessing largest deal of QR27m. Al Khor and Dakhira Municipality registered three deals with a value of QR7m while Al Shamal Municipality recorded four transactions worth QR4.8m.
Real estate transactions in the country are expected to rise in coming months as busy season has begun in the country.
DOHA: Qatar’s real estate market remained firm as number transactions in the sector increased during the second week of October.
According to Ezdan Weekly Report, Qatar’s market witnessed total 235 transactions during the second week of this month compared to 100 deals in the previous week.
Total number of transaction jumped by 135 percent on week on week basis. Total value of the transactions during the week were QR618.7m compared QR746.7m a week ago.
There was a decline of 17 percent in terms of value of transactions during the second week of this month compared to previous week. The biggest deal of the week was worth QR16m was recorded in Al Juma in Doha Municipality.
The daily average of real estate transactions was about QR123.7m, according to the report.Deals of ready buildings dominated the real estate market as they accounted for around 87.5 percent of the total transactions while transactions related to plot of lands constituted 12.5 percent of the transactions. Al Daayen Municipality witnessed maximum number of transactions during the week, with the execution of 161 deals having value of QR371.7m, making 60 percent of the total transactions.
The biggest deal in the municipality was of QR4.8m. Doha Municipality registered 23 deals worth QR111.8m during the week.
Al Rayan municipality saw 23 transactions with a value of QR68.7m with largest deal coming at QR15m. Al Wakra Municipality recorded 11 transactions with a value of QR27.7m and the biggest deal in the municipality was of QR3.9m.
Umm Salal Municipality registered 10 transactions with a value of 27m, witnessing largest deal of QR27m. Al Khor and Dakhira Municipality registered three deals with a value of QR7m while Al Shamal Municipality recorded four transactions worth QR4.8m.
Real estate transactions in the country are expected to rise in coming months as busy season has begun in the country.
© The Peninsula 2016
