DOHA: A deal worth QR140m for a multi-use building in Najma area pushed the value of real estate transactions by 1.5 percent last week compared to the previous week.
The total value of transaction during the week (16 to 20 October) stood at QR628m compared to QR618.7m in previous week, according to Ezdan Holding.
However, numbers of deal have declined 57 percent, from 235 deals to 100, on the third week of this month compared to previous week at QR618.7m, said Ezdan Holding quoting a weekly real estate transaction report issued by the Property Registration Department at the Ministry of Justice.
Ready-to- move buildings dominated the deals as they accounted 69.7 percent of the deals compared to the land transactions that accounted at 30.3 percent. Doha Municipality was leading in terms of the value of the transaction by registering deals worth QR324.6m.
The biggest deal of the week was mixed-use building worth QR140m in Najma in an area of 1,507 sqm at the rate of QR92,900 per square metre (sqm).
However, in terms of the number of deals, Al Daain Municipality ranked first by recording 30 deals, or 30 percent of total deals.
Another deal of a mixed-use plot of land worth QR83m was struck in the same area measuring 5,157 sqm at the rate of QR16,100 per square meter.
Al Dain Municipality ranked second in term of the value of transactions that witnessed deals worth QR109.9m. Al Wakra Municipality ranked third with 13 deals worth QR74m.
Ten deals worth QR57.4m were struck at Al Rayan Municipality that secured fourth rank.
© The Peninsula 2016
