The report of Al-Asmakh Real Estate Projects Company said: The plans to build facilities for the hospitality sector are progressing at a high pace to support the development of the tourism and hotel sector, while serving the requirements of fans and visitors for the FIFA World Cup Qatar 2022.
The report pointed out that there are a number of hospitality sector projects spread between 4 and 5 star hotels and resorts, in addition to a number of hotel apartment buildings, currently being built in Qatar and in their final stages of construction, which will be opened during the next few period and will add a number of rooms to the sector.Qatari hospitality.
The report pointed out, according to international studies, that the number of hotel rooms in Qatar of all categories will grow significantly during the current year with the completion of the construction of new hotels, some of which are in their final stages.
The report added: The strategic development projects related to the development of infrastructure for the service sector and the transport sector, in addition to hosting international events, will be the main engine for the growth of the construction sector. Covid-19) across various economic sectors and the return of recovery to them. The report from Al-Asmakh Real Estate Projects Company said: The plans to invest in projects related to the hosting of the 2022 World Cup, in addition to other pre-tournament sporting events, will provide a major boost to the Qatari hospitality sector during the current year and the coming years.
The report indicated that the hospitality sector will benefit from all the opportunities offered by the country, which will become a more popular travel destination with the approach of the 2022 World Cup, and this is confirmed by official figures for the high number of visitors to Qatar.
Land prices and transaction values
The report of the Al-Asmakh Real Estate Projects Company said that the values of real estate transactions show a high performance compared to the previous week, according to the data of the latest bulletin issued by the Department of Real Estate Registration at the Ministry of Justice for the week extending from “21 to 25 last August”, where the number of real estate transactions recorded “74” transactions. The report pointed out that the value of real estate transactions amounted to more than 477.5 million riyals. The report pointed out that the municipalities of Al-Rayyan and Doha maintained great activities in transactions in terms of the number of executed transactions and were ranked first and second respectively. The report indicated that the average number of transactions carried out per day approximately “amounts to” 15” offers.
In terms of the prices of square feet of land, on which transactions were carried out during the last week of August, the real estate index of “Al-Asmakh” company showed that it saw a difference in prices, explaining that the average offer prices per square foot in the Mansoura and Bin Dirham area amounted to “1,380” riyals, and recorded In the Najma area “1,320” riyals per square foot, and the average price per square foot in Al-Mamoura area stabilized at “385” riyals, and the average price per square foot in the Old Airport area stabilized at “870” riyals for buildings.
The Al-Asmakh real estate index also indicated that the price of one square foot in the Aziziyah area was recorded, “365” riyals, and it was recorded in the Umm Ghuwailina area, the price of “1,350” per square foot.
The report said: The average price per square foot was recorded in the Al Thumama area at “400” riyals, and the average commercial square foot price in the Al-Wakra area was at “1,450” riyals, and the average price per square foot was recorded for (Al Wakra / buildings) and (Al Wakra / villas). ), “590” riyals, and “275” riyals, respectively.
The report of the Al-Asmakh Real Estate Projects Company said that the average price per square foot in the Al-Wukair area was 210 riyals. The real estate index of “Al-Asmakh” company also showed that the average price per square foot in the northern Muaither area rose to record “300” riyals, and it was recorded in the Al-Rayyan region, “310 ” riyals. Al-Asmakh’s report indicated that the average price per square foot in the Al-Gharafa area was 375 riyals, the average price per square foot was 380 riyals in the Al-Khuritiyat area, and in Al-Luqata it was 300 riyal per square. foot.
Prices of apartments and villas
Returning to the prices of villas and apartments, the report of Al-Asmakh Real Estate Projects Company indicated that the average prices of apartments in Lusail area for a one-bedroom apartment is “1.1” million riyals, “1, 3” million riyals for a two-bedroom apartment, and “1.9” million riyals. For the three-bedroom apartment, the report indicated that the prices differ according to the area, area and location of the apartment in the residential building. The report also indicated that the average price per square meter in apartments located in the West Bay in the zigzag towers is estimated at “11,000” riyals, and there is some data that may increase the price slightly related to “the location of the apartment and the view inside the two towers.”
As for the selling prices of new apartments in the Pearl project, they range between 12,000 and 22,000 Qatari riyals per square meter, according to the real estate developer.
Regarding villa prices, the Al-Asmakh report shows that the prices of villas vary from one region to another. The report said: The average prices of villas in Doha, Al Thumama, Rawdat Al Matar and Ain Khaled are estimated at about “3.6” million riyals for an average area of between “400 to 500” square meters per villa. He pointed out that this price also applies to villas in the area of Al-Gharafa, Al-Luqta, Al-Rayyan, Umm Salal and Azghawa for the same previous area.