Ezdan Holding Group Chairman Sheikh Dr Khalid bin Thani bin Abdullah Al Thani and Group CEO Ali Mohammed Al Obaidli
The combined value of real estate transactions during the fourth week of July (23 to 27) reached QR377.54m, showing a decline of 34 percent compared to QR572.8m worth of deals inked during the previous week. The sharp decline was affected by the absence of extraordinary transactions and more than the value of QR100m.
Ezdan Holding Group’s weekly report said that the number of real estate transactions implemented during the week were 55, up by 3.8 percent compared to 53 deals signed during the previous week. The list of deals closed during the week includes sales of land plots, housing, residential buildings, residential complexes, multi-use land and a multi-use buildings.
The Ezdan report, which is based on the weekly bulletin issued by the Department of Real Estate Registration at the Ministry of Justice, said that sales were concentrated in the municipalities of Doha, Al Rayyan, Umm Salal, Al Khor, Al Thakhira, Al Daayen, Al Wakra and Al Shamal.
The biggest deal value was QR67.5m for the sale of a plot of land in Al Wukair area at the rate of QR1382 per squre metre. The Doha Municipality achieved the highest rank in terms of value of transactions with a value of QR178.9m through the implementation of 16 deals, accounting for 47.4 percent of the total transactions during the week.
The value of the highest deal in the Doha Municipality was QR45m for the sale of a plot of land at Umm Lakhba locality with a total area of 9,521 square metres.
Land plots returned to its domination in terms deal value, accounting for 72.9 percent of the combined value of total land deals amounting at QR275.2m for the week.
