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DOHA: Real estate transactions in Doha jumped 231 percent last week (from October 14 to October 18) compared to the previous week, suggests a weekly report issued by the Ezdan Holding Company.
The overall real estate transactions in the country soared 82 percent from QR425.3m to QR773.4m last week, according to the weekly report posted on the website of the Ministry of Justice.
An average transaction per day increased from QR85.1m to QR154.4m last week compared to the previous one.
Doha Municipality ranked first where 48.4 percent of the total deals were signed.
Some 44 deals worth QR374m were made last week. However, only 24 deals worth QR113 could be signed previous week.
The biggest deal in Doha Municipality was a residential complex worth QR80.5m at New Salata, covering an area of 6,234 square metres at the rate of QR12,900 per square metre.
Al Rayyan Municipality ranked second accounting for 14.8 percent of the total real estate transactions in the country. At least 33 deals worth QR114.5m were signed there. Transactions in Al Rayyan declined 5.5 percent last week compared to the previous one.
The biggest deal struck in Al Rayyan was for a plot of land worth QR34.5m covering an area of 6,549 square metres. The land has been sold at the rate of QR5,267 per square metre.
Al Wakra Municipality ranked third and shared 12.9 percent of the total transactions, a 94 percent increase last week compared to the previous week. At least 35 deals worth QR99.9m were struck there.
The biggest deal was a plot of land worth QR23m in Al Wakair covering an area of 13,350 square metres at the rate of QR1,722 per meter.
Umm Salal Municipality ranked fourth where 8.8 percent of total transactions worth QR68m were made, an increase of 29 percent. Some 30 deals were signed there. The biggest transaction at Umm Salal was a plot of land worth QR6.4m covering in an area of 3,859 at the rate of QR1,658 per square metre.
Al Zain Municipality ranked fifth and shared 8.8 percent of total real estate tractions, an increase of 153 percent last week compared to the previous one. At least 22 deals worth QR67.9m made there.
Al Khor Municipality ranked sixth, where real estate transactions declined 30 percent. Some 37 deals worth QR41.3m made there.
The lowest transactions were recorded at Al Shamal Municipality where only five deals worth QR7.8m were made.