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Qatar’s real estate deals grow

Qatar: Sunday, September 29 - 2013 @ 00:00

Two hundred and ninety nine contracts were signed this month, which represent the daily rate of transactions of approximately $72.94m, according to a weekly report by Ezdan Holding Group. The firm forecasts continuous recovery for the real estate sector.

Within the Doha Municipality, in particular, a total of 55 deals were valued at $145m – a double-digit growth of 56.7 per cent. Land plots comprised 53.5 per cent of transactions and other real estate properties accounted for 46.5 per cent.

More than 30 per cent of plots sold were in Doha Municipality, at a combined value of $62.6m. Other real estate transactions encompassed 70 per cent overall, with an aggregate value of $144m.

The weekly report also reveals that the total real estate transactions (including villas and other residential units) was valued just below $170m, which accounts for 46.5 per cent of the total transactions signed during the bumper week.

During the first half of September, the total number of deals sold was valued at $466.9m, but the real estate sector has “been witnessing strong deals for the first eight months of this year”, says Ali Al Naimi, market leader.

Qatar’s real estate deals grow

The total value of deals from September 15 to 19 reached $365 million (QAR1.33 billion), compared with $236m the week before.

Two hundred and ninety nine contracts were signed this month, which represent the daily rate of transactions of approximately $72.94m, according to a weekly report by Ezdan Holding Group. The firm forecasts continuous recovery for the real estate sector.

Within the Doha Municipality, in particular, a total of 55 deals were valued at $145m – a double-digit growth of 56.7 per cent. Land plots comprised 53.5 per cent of transactions and other real estate properties accounted for 46.5 per cent.

More than 30 per cent of plots sold were in Doha Municipality, at a combined value of $62.6m. Other real estate transactions encompassed 70 per cent overall, with an aggregate value of $144m.
The weekly report also reveals that the total real estate transactions (including villas and other residential units) was valued just below $170m, which accounts for 46.5 per cent of the total transactions signed during the bumper week.

During the first half of September, the total number of deals sold was valued at $466.9m, but the real estate sector has “been witnessing strong deals for the first eight months of this year”, says Ali Al Naimi, market leader.

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Sunday, September 29- 2013 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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