The report of Al-Asmakh Real Estate Projects Company confirmed that the construction and building sector in Qatar is witnessing growth and continuation of what it has achieved over the past years, benefiting from the development projects implemented by the state.
The report added: Building and construction operations have given activity to the real estate sector in the country, and construction and building operations will maintain continuous growth during the current year, driven by the economic development plan included in the Qatar National Vision 2030, and spending in infrastructure and transportation projects to be implemented.
Al-Asmakh’s report indicated that the real estate projects being implemented in the country varied between artificial islands in the sea and tall towers on land, and included all real estate fields, in addition to residential cities such as Lusail City and The Pearl-Qatar Island, with investments exceeding $170 billion, as well as developing the heart of Doha. Msheireb project.
The report said that the construction sector will continue to complete existing projects in Lusail City, The Pearl-Qatar, and planned facilities in the country.
The report added: The real estate sector is one of the most important pillars of economic development, which is considered one of the main pillars of Qatar National Vision 2030, and major real estate companies were able to keep pace with development by launching pioneering real estate projects.
The report indicated that the State of Qatar provides sound legislation and an attractive investment climate, in addition to the continuous pumping of liquidity seeking a safe haven for investment.
The report indicated that the laws and legislation issued by the state contributed effectively to facilitating real estate investment, stressing that the construction boom in Qatar will continue in the coming years, given the country’s rapid growth, strong economic prosperity and mega projects in all sectors.
Land prices and transaction values
The report of Al-Asmakh Real Estate Projects Company said that the values of real estate transactions witnessed a low performance compared to the previous week, according to the data of the latest bulletin issued by the Real Estate Registration Department at the Ministry of Justice for the week extending from “April 9 to 13 this year”, as the values of real estate transactions amounted to more than 168 million. Rial.
The report indicated that Al Rayyan Municipality recorded the highest values in terms of deals with 14 deals, while the Doha Municipality topped all municipalities in terms of the values of sold real estate, which amounted to about 75 million riyals.
In terms of prices per square foot of land, on which deals were executed during the fourth week of April, the real estate index of the Al-Asmakh company indicated that it witnessed a discrepancy in prices, explaining that the average offer prices per square foot in Mansoura and Bin Dirham amounted to 1,380 riyals. In the Al-Najma area, “1,320” riyals per square foot, and the average price per square foot in Al-Mamoura area stabilized at “385” riyals, and the average price per square foot in the old airport area stabilized at “870” riyals for buildings.
The Al-Asmakh real estate index also indicated that the price of a square foot was recorded in the Aziziyah area of “365” riyals, and in the Umm Ghuwailina area, the price of “1,350” riyals was recorded.
The report said: The average price of a square foot was recorded in the Al-Thumama area at “400” riyals, and the average price of a commercial square foot in Al-Wakra region stabilized at “1,450” riyals, and the average price of a square foot was recorded for (Al-Wakra / buildings) and (Al-Wakra / villas). ), “590” riyals, and “275” riyals, respectively.
The report of Al-Asmakh Real Estate Projects Company said: The average price per square foot in Al-Wukair area recorded a price of 210 riyals. The real estate index of Al-Asmakh Company also indicated that the average price per square foot rose in the northern Muaither area to record “300” riyals, and recorded in the Al-Rayyan area “310” riyals.
Al-Asmakh’s report indicated that the average price of a square foot in Al-Gharrafa region recorded a price of “375” riyals, and the average price of a square-foot width in Al-Kharaitiyat area recorded “380” riyals, and in Al-Laqta area it recorded a price of “300” riyals.
