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Qatar’s real estate transactions down to USD89.64m

16 Sep 2015

(MENAFN) Real estate transactions in Qatar fell to a record low to USD89.64 million in the week from September 6 to 10, attributed to subdued pre-Eid Al Adha market sentiment.

In remarks to this newspaper, general manager of real estate company Roots said real estate transactions average around USD137.18 million a week so the figure for September 6 to 10 was low.

But things are expected to improve once Eid Al Adha is over, he said. Meanwhile, there were a total of 74 deals concluded in the cited week, the maximum for small plots of land for housing in many regions.

The highest deal was for a house worth USD4.93 million in The Pearl-Qatar, while the smallest transaction was for USD548.72 for a 224 sq m plot in Umm Ghuwailina in downtown Doha.

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