The report of Al-Asmakh Real Estate Projects Company said: The relevant authorities in the country are implementing infrastructure projects in the southern region, which include Al-Wakra, Al-Wukair and Al-Mashaf, indicating that the relevant authorities are implementing a number of major projects related to infrastructure development in the region to service around 11,000 new plots of land.
The report indicated that infrastructure development projects in the southern region will contribute significantly to the recovery of the real estate sector, and will reflect positively on the increase in real estate investment and the construction movement in the southern region. These projects will also contribute to the increase the demand for land.
The report added: This trend has begun to bear fruit through the investments of real estate development companies in the implementation of large real estate projects in the southern region as residential cities for families and workers, as the last quarter of last year 2022 saw the completion of a number of real estate projects that contributed has to the formation of a new addition to the sector, real estate and the region.
The report indicated that among the infrastructure projects that have been completed are a project to develop roads and infrastructure for citizens’ land in the north of Al-Wukair, in addition to infrastructure projects for government sections of citizens’ land in the west of Al-Mashaf, and two projects to develop roads and infrastructure in West Al-Wakra, to ensure the provision of an integrated infrastructure for the region. connect region. country.
The report indicated that these projects will contribute to reviving the demand for real estate in the areas where they are implemented, especially as these areas witness the construction of many buildings, which will contribute to the integration of services in them, and will also influence the direction of real estate investors to them, which will reflect positively on the real estate sector in North Al Wukair and West Al Mashaf and west of Al-Wakra.
The report emphasized that these projects will contribute to increasing the demand for land in those areas, and will also improve investment, especially for commercial projects (commercial complexes), in addition to tourism projects (hotels and tourist facilities), and pointed out that these projects will contribute to the attention of investors in those areas, which will improve construction and building works in those areas.
Al-Asmakh’s report indicated that infrastructure development projects in the southern region are part of the state’s plans to implement infrastructure to serve 32,855 pieces of land spread across 14 regions.
Land prices and transaction values
The report of 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 “25 to 29 last December”, when the number of real estate transactions recorded “46” transactions. The report pointed out that the value of real estate transactions amounted to about 2.26 billion riyals.
The report indicated that the municipalities of Doha and Al-Rayyan maintain great activities in transactions in terms of the number of transactions executed and were ranked first and second respectively. The report indicated that the average number of transactions executed per day was approximately 9 transactions amount to .
In terms of prices per square foot of land, on which transactions were carried out during the first week of January, the real estate index of the Al-Asmakh company indicated that it sees a discrepancy in prices, explaining that the average offer prices per square foot in Mansoura and Bin Dirham amount to 1,380 riyals. In the Al-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 foot in the old airport area stabilized at “870” riyals for buildings.
The Al-Asmakh real estate index also indicated that the price per square foot in the Aziziyah area was recorded at 365 riyals, and in the Umm Ghuwailina area the price was recorded at 1,350 riyals per square foot.
The report said: The average price of a square foot was recorded in the Al-Thumama area at “400” riyals, and the average price of a commercial square foot in Al-Wakra region stabilized at “1,450” riyals, and the average price of a square foot was recorded for (Al-Wakra / buildings) and (Al-Wakra / villas). ), “590” riyals, and “275” riyals, respectively.
The report of Al-Asmakh Real Estate Projects Company said: The average price per square foot in Al-Wukair area recorded a price of 210 riyals. The real estate index of Al-Asmakh Company also indicated that the average price per square foot in the northern Muaither area rose to record “300” riyals, and in the Al-Rayyan area recorded “310” riyals.
Al-Asmakh’s report indicated that the average price of a square foot in Al-Gharrafa region recorded a price of “375” riyals, and the average price of a square foot width in Al-Kharaitiyat area recorded “380” riyals, and in Al-Laqta area a price of “300” riyals per square foot.
The report added: The average price of a square foot in the Al Khor region settled at “210” riyals per square foot, and it was recorded in the Al Kheesa region of “295” riyals, and it was recorded in the Umm Salal Muhammad area of ”290″ riyals, and in the Umm Salal region it was “260” riyals 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 residential apartments in Lusail 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 a three-bedroom apartment, the report indicated that 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 in the West Bay in Al Muajaji Towers is estimated at “11” thousand 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 from 12,000 Qatari riyals to 22,000 Qatari riyals per square meter, according to the real estate developer.
Regarding villa prices, Al-Asmakh’s report shows that villa prices vary from region to region. The report said: The average prices of villas in Doha, Al-Thumama, Rawdat Al-Matar and Ain Khaled are estimated at around 3.6 million . riyals for an area of an average size between “400 to 500” square meters per villa. He pointed out that this price also applies to villas in the areas of Al-Gharrafa, Al-Laqta, Al-Rayyan, Umm Salal and Azghawa for the same previous area.
The report added: The prices of villas decrease as we drive north, as the price of a villa in Al Khor and Al Thakhira and its surroundings, for the same area, is around 2.2 million riyals.