Building sales post QR350 million in a week

Registered property sales in Qatar between May 16 and 20 generated QR447.3 million, the latest Ezdan Real Estate report has said.

‘Building sales dominated these deals, generating QR350 million and making up 78.3 percent of the total sales value during the period, the report said citing figures from the country’s Real Estate Registration Department.

Seven municipalities — Umm Salal, Al Khor, Al Thakira, Al Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra — saw property sales during the period. The deals included sale of vacant land lots, residences, multi-use buildings and multi-use land lots and residential buildings, the report, which is sponsored by SAK Partnerships.

Doha municipality came on top in terms of transaction value through the sale of a residential building in Onaiza. The transaction generated QR223.4 million. Doha has also seen the sale of a residential building in the same region, at a value of QR45.8 million, extending over 6,930 square metres It was sold at QR614 per square foot.