Urbanisation in Qatar is promoting growth of peripheral areas said, the Monthly Real Estate Report of SAK Holding Group. The report has predicted the growth will accelerate in Al Wakra, North and South Al Wukair and Al Mashaf.
The report monitored growth in other areas, such as Al Wakra and Al Wukair, which are witnessing significant urban expansion in parallel with infrastructure development projects.
Qatar’s real estate sector is still being tested by external factors affecting which continue to affect it despite efforts taken to protect it from the sharp fall in oil prices, added the report.
Meanwhile, the Ministry of Justice announced yesterday that the trading volume of registered real estate transactions between March 26-30 at its real estate registration department was worth QR464.3m, reported QNA. The trading included empty lands; residential units, buildings and compounds; buildings and multipurpose empty lands. Most of the trading took place in Um Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Daayen and Al Wakra.
