Posted on February 21, 2014
The number of real estate transactions executed during the second week of February (between 9 and 13), decreased to 175, witnessing a 26 percent fall compared to 238 deals inked during the previous week, while the volume of sales during the week declined by 32 percent compared to the previous week, according to Ezdan Holding Group’s latest weekly report.
 
Al Daayen Municipality acquired the largest number of transactions, through the implementation of 42 deals, accounting for 24 percent 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 percent of total deals, to continue its dominance over sales in all regions of the country.

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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 QR607.2m compared to QR893.5m in the previous week, a 32.9 percent 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 QR121.4m compared to QR178.7m in the previous week. Doha Municipality ranked first in terms of the value of transactions, with QR157.8m thought the implementation of 27 transactions compared to 23 during the previous week. The value of top deal in Doha Municipality was QR160m from the sale of gas station in Rawdat Al Khail. 
 
Umm Salal Municipality ranked second in terms of trading value, recording QR73.6m, recording 12.1 percent through 25 deals, acquiring a record of 129 percent of the total transactions this week.
 

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