Real estate deals at QR580.6m in last week of April

05/05/2016 05:55 AST

The combined value of Qatar’s real estate transactions during the fourth week of April (from 24-28) amounted to QR580.6m, showing over 57 percent growth compared to QR369m registered during the previous week, Ezdan Holding Group’s weekly report said yesterday.

However, the total number of deals inked during the week declined marginally to 73 against 75 deals closed in the third week, witnessing a decline of 2.6 percent.

Among various municipalities, Doha topped both in terms of total number of deals and value.

The combined transaction value of Doha municipality stood at QR326.5m, or 56.2 percent, of the country’s total transaction value. Doha Municipality closed 27 deals during the week. Al Rayan and Al Daayen municipalities at second and third that witnessed the closing of 14 and 10, respectively.


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