The property sale market has gained momentum following the conclusion of 183 sale deals, mostly concentrated in the municipalities of Doha and Al Daayen, pushing the real estate price index at record levels.

This rise comes in line with the decline of the Covid-19 outbreak curve and the gradual ease down of lockdown restrictions, according to the Ezdan Real Estate report.

The breakdown of property sales volume from July 12-16, 2020 released by the Real Estate Registration Department reflected a total record of 183 sale deals worth QR783.5mn distributed over seven municipalities: Umm Salal, Al Khor and Al Thakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakrah, which included vacant land lots, housing, multi-use buildings, multi-use space, and residential buildings.

Doha Municipality accounted for the highest deal in terms of value by selling a piece of vacant land lot in Legtaifiya spanning over an area of 2,910sq m at QR958 per square foot, totalling QR30mn.
Also, Doha Municipality witnessed the sale of a land lot in Legtaifiya, which covers an area of 6,749sq m. The deal was completed at an advance price of QR400, totalling QR29.1mn.

Credit: Gulf-times

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