DOHA: Real estate prices continue to go up amidst mega development projects being launched for the 2022 FIFA event. Land prices in the city’s posh locality of Al Sadd have been skyrocketing as is the case with other areas of Doha as well.
A 741 square metre plot in Al Sadd has been sold for an incredible QR56m — the per square meter rate being QR75,500.
This was among 23 plots that were sold out in Al Sadd alone in the week from October 19 to 23 with the collective value of the deals being a huge QR942m.
The total value of real estate deals all over the country in the week was, however, a massive over QR1.58bn, details released by the Ministry of Justice show.
The Ministry’s real estate registration department put the total number of deals concluded in the week at 141. One plot of land in Al Sadd, admeasuring 1,506 sq meters, was sold out for QR100m, the rate per sq metre being a high of QR66,400.
This was the first week in recent times when so many plots of land were sold out in Al Sadd.
Al Wakra, Al Rayyan, Umm Salal, Al Dhakhira and Al Dayeen also witnessed large numbers of land transactions. In expatriate-dominated working class locality of Ummghuwailina in Doha, a 2,626 sq meters of house was sold for a huge QR67.84m.
The Peninsula
