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FINANCIAL NEWS
Qatar’s property deals hit record USD7.14b in Q1
09 May 2015
(MENAFN) Property transactions in Qatar totaled an unbelievable USD7.14 billion in the first three months of the year, up a massive 56 percent over the same period last year, The Peninsula Qatar reported.
The total value of transactions was USD4.58 billion in the first quarter last year and USD3.73 billion in the first quarter of 2013. There was a 91 percent increase between the quarters of 2013 and 2015.
The figures show the sector is robust due to the development projects being launched and on the back of a booming economy, and is expected to remain so until 2022, when the FIFA World Cup will be held here.
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