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Tribune News Network
Registered property sales in Qatar between February 28 and March 4 generated QR450.7 million, the latest Ezdan Real Estate report has said, citing figures from the country’s Real Estate Registration Department.
Sales of buildings dominated these deals, generating QR266.5 million and making up 59.1 percent of the total sales value during the period.
Sales of vacant land generated QR184.2 million, or 40.9 percent of the total, said the report said.
Seven municipalities — Umm Salal, Al Khor, Al Thakira, Al Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra — saw property sales during the period. The deals included sale of vacant land lots, residences, multi-use buildings and multi-use land lots and residential buildings, the report, which is sponsored by SAK Partnerships, said.
Doha municipality came on top in terms of transaction value through the sale of a multi-use land lot in Old Airport area. The transaction generated QR64.3 million. The property is 5,903 square metres in area and was sold at a price of QR1,013 per square foot.
The report highlighted Ezdan Real Estate’s milestone projects.
Msheireb Towers, one of the most important residential projects in Qatar, and enjoys a vital location in the centre of Doha, as it is a few minutes away from the Doha Corniche, features 803 residential units, all of them consisting of two rooms. The monthly rent for a furnished apartment starts at QR,3900, while the monthly rent for an unfurnished apartment starts at QR3,750.
The report also highlighted the smart real estate project Sharekna developed by the SAK Partnerships. Sharekna is developed as a solution for landlords with vacant land lots. The project enables them to transform the land lots into real estate projects that generate continuous gains. The project philosophy is based on coupling strength and success of any project.
“Whether you are a landlord for a vast or small land lot, suitable for developing a residential or commercial complex, building or tower, or even a hospital or school, Sharekna offers you feasibility studies, licenses and good planning by specialized engineers and experts, as well as secures funds for undertaking the project and construction in a record time at a prime cost only, without calculating any profit margin for Sak Partnership,” the report said.
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