Real estate transactions worth over 1 bn last week
Real estate transactions between June 1 and 5 for the real estate sales contracts registered at the Ministry of justice are worth QR1,351,147,591, the real estate registration department at the Ministry said in its weekly report.
The list of properties that were traded by sale includes open plots of land, two-floor villas, annexes, houses and residential buildings and compounds, which are located in the municipalities of Umm Salal, Al Khor, Doha, Al Rayyan, Al Shamal, Al Daayen and Al Wakra. (QNA)
More on real estate: Qatar faces affordable housing shortage.
The local real estate sector is heating up and there is a strong possibility of it going into bust cycle very soon. In order to avoid that, it is important to open up new and cheap areas for real estate development, that would ease up the abnormal jumpy prices. This would definitely prolong the real estate boom in the country.