Solid deals in Doha and Al Rayyan lift real estate price index: Ezdan Report

      Published on Thursday, 5 March , 2020      389 Views     
Solid deals in Doha and Al Rayyan lift real estate price index: Ezdan Report


Real estate price index has grown last week on significant weighty property sale deals that exceeded QR50m, which raised the total sale deals values, according to a recent report by Ezdan Real Estate Company.





Some municipalities have seen hefty transactions with a value worth of QR30m, signaling recovery impacts on real estate market performance during the week from 23-27 February, the report added.

Commenting on property sale deals clinched during the period from February 23 to 27, 2020, the Real Estate Registration Department has registered 84 real estate sales with a total value exceeding approximately QR359.7 m, and the operations were distributed over 7 municipalities: Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakrah, which included vacant land lots, housing, multi-use buildings, multi-use space, and residential buildings Al Rayyan Municipality ranked first by highest deal in terms of value through the sale of a residential complex in the Al Gharaffa spreading over a huge area of 10319 square meters, at a price of QR 450 per square, totaling up to QR 50m.



Doha Municipality ranked second highest deal in terms of value by selling a residential building in Old Airport Area, with a value exceeding QR35.1m, and an area of 4,031 square meters at a price of QR810, which contributed to the increase of the total value of sales throughout the week in the municipality, while Al Shamal municipality has witnessed the lowest property sale deal in terms of value for a vacant land lot in the Ruwais spanning over an area of 419 square meters at a price no more than QR 137 per square foot, totaling QR 620,000.


Keywords:
Category Business | 2020/03/05 latest update at 10:01 AM
Source : The Peninsula | Photocredit : Google
390 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.