Real estate transactions in Qatar decline in February

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qatar propertyThe number of real estate transactions executed in Qatar during the second week of February 2014 decreased to 175, witnessing a 26 per cent fall compared to 238 deals inked during the previous week, while the volume of sales during the week declined by 32 per cent compared to the previous week, according to Ezdan Holding Group’s latest weekly report, The Peninsula reported.

Al Daayen Municipality acquired the largest number of transactions, through the implementation of 42 deals, accounting for 24 per cent of the total number of transactions executed during the week, while Al Khor Municipality stood at second, in terms of the number of deals (38). Land transactions represented 52.7 per cent of total deals, to continue its dominance over sales in all regions of the country.

The report predicted that property transactions will experience a revival rebound in the coming weeks, especially in the land sector, noting that investors and real estate developers are directed towards the establishment of more new real estate projects.

The weekly report revealed transactions worth 607.2 million riyal  compared to 893.5 million riyal in the previous week, a 32.9 per cent drop according to the recent weekly bulletin issued by the Real Estate Registration Department at the Ministry of Justice. The average daily value of real estate transactions amounted to about 121.4 million riyal compared to 178.7 million riyal in the previous week.

Doha Municipality ranked first in terms of the value of transactions, with 157.8 million riyal thought the implementation of 27 transactions compared to 23 during the previous week. Umm Salal Municipality ranked second in terms of trading value, recording 73.6 million, recording 12.1 per cent through 25 deals.

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Reading Time: 2 minutes

The number of real estate transactions executed in Qatar during the second week of February 2014 decreased to 175, witnessing a 26 per cent fall compared to 238 deals inked during the previous week, while the volume of sales during the week declined by 32 per cent compared to the previous week, according to Ezdan Holding Group’s latest weekly report, The Peninsula reported.

Reading Time: 2 minutes

qatar propertyThe number of real estate transactions executed in Qatar during the second week of February 2014 decreased to 175, witnessing a 26 per cent fall compared to 238 deals inked during the previous week, while the volume of sales during the week declined by 32 per cent compared to the previous week, according to Ezdan Holding Group’s latest weekly report, The Peninsula reported.

Al Daayen Municipality acquired the largest number of transactions, through the implementation of 42 deals, accounting for 24 per cent of the total number of transactions executed during the week, while Al Khor Municipality stood at second, in terms of the number of deals (38). Land transactions represented 52.7 per cent of total deals, to continue its dominance over sales in all regions of the country.

The report predicted that property transactions will experience a revival rebound in the coming weeks, especially in the land sector, noting that investors and real estate developers are directed towards the establishment of more new real estate projects.

The weekly report revealed transactions worth 607.2 million riyal  compared to 893.5 million riyal in the previous week, a 32.9 per cent drop according to the recent weekly bulletin issued by the Real Estate Registration Department at the Ministry of Justice. The average daily value of real estate transactions amounted to about 121.4 million riyal compared to 178.7 million riyal in the previous week.

Doha Municipality ranked first in terms of the value of transactions, with 157.8 million riyal thought the implementation of 27 transactions compared to 23 during the previous week. Umm Salal Municipality ranked second in terms of trading value, recording 73.6 million, recording 12.1 per cent through 25 deals.

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