(MENAFN- The Peninsula)
The Peninsula
Doha: Qatar's weekly property market has witnessed a significant surge in the volume of building sale deals which stood at QR656.3m, or 83.8 percent of the total sales volume, while land lots generated up to QR126.9m, or about 16 percent of the total sales, according to Ezdan Real Estate report.
The market activity from April 4-8 showed that the registered property sales reached QR783m and were distributed among 7 municipalities including Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, and included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings, according to the data gleaned from the real estate bulletin released by the Real Estate Registration Department.
Al Rayyan Municipality ranked first in terms of value through the sale of a residential building in Al Rayyan Al Jadded at QR421.4m. The building spans over an area of 23,484sqm and was sold at QR1,667 per square foot. Doha also has seen the sale of a residential compound in the Fereej AlAsiri area, at a value of QR83m, extending over an area of 15,312sqm, and was sold at a price per square foot of QR503.
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.
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