Building sales generate QR350m in weekly realty activity: Ezdan report

Doha: Qatar’s weekly property market has witnessed higher sales for buildings of all types, generating up to QR350m, or 78.3 percent of the total sales volume, whilst land lots of all types generated up to QR97.2m, or approx. 21.7 percent of the total sales, according to Ezdan Real Estate report.

The market activity from May 16-20 showed that the registered property sales totaled QR447.3m and were distributed among 7 municipalities: 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. Doha Municipality ranked first in terms of value through the sale a residential building in Onaiza at a value of QR223.4m. The building spans over an area of 34,027sqm and was sold at QR610 per square foot.