FINANCIAL NEWS

Qatar’s value of real estate deals hits USD1.09b in November

15 Dec 2014

(MENAFN) The value of real estate transactions in Qatar has reached USD1.09 billion in November, in comparison with USD1.61 billion registered during the same month last year, Gulf Times reported.

The latest figures also show that the value of transaction in November has declined in comparison with October of this year, when the value registered reached USD1.23 billion.

Despite the decline in the value of transactions in Novembers, the value is expected to register an increase this month due to Barwa Real Estate Company signing a USD1.45 billion deal of two land plots in Mesaimeer area during the first week of this month.

Meanwhile, Qatar estimated that the value of its real estate market will reach USD32 billion in 2014-2015, thus achieving a growth rate of 54 percent, while the value of its infrastructure projects are set to exceed USD70 billion during the next seven years as the country continues with its preparations to host the FIFA World Cup in 2022.

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