The report from Al-Asmakh Real Estate Projects Company said: The Lusail City project will continue its urban movement during the current year, noting that the prices per square foot in that area have become at good levels for sale, in the light of the increasing demand by investors, whether Qatari or foreign, to own apartments in the area. That region that shows great interest of the state by providing it with services, facilities and transport.
The report indicated that work on the Lusail City project is moving forward with great vigor, noting that the project is part of the major development seen by Qatar.
Facilities and encouragement for investors
The report added that the Qatari Diar Company provides all facilities and encouragement to investors to invest in Lusail City, noting that it is an integrated city. Last year, the largest shopping mall in Qatar was opened in the entertainment city, in addition to opening of a number of entertainment projects. These projects will help attract investors.
He explained that the design of the city’s services pass within a network of tunnels under the main roads, which means that any maintenance that may take place in the future will take place within these tunnels without the need for road excavation and repaving. or disrupt traffic, as is now happening in many places. Repairs and maintenance will not affect the work or the ease and smoothness of life in Lusail City, indicating that Lusail City enjoys a network to transport gas through pipelines throughout, indicating that Lusail City was supplied with electricity by a main station, in addition to substations that were also designed and implemented underground and inside tunnels.
The report said that Lusail City uses modern cooling systems, as it will not rely on ordinary air conditioners, but will provide air conditioning in residential, commercial and entertainment buildings through a system that relies on water cooling through a network of pipes running underground in the Marina area, carefully and safely designed to cool the entire city of Lusail and operate its air conditioning. The cooling system will be operated by the service provider who will be responsible for the operation, maintenance and management of the Lusail City Cooling function.
The report added: Lusail City is also connected to the latest transport network consisting of modern and fast roads and the Lusail Tram connected to the Doha Metro.
He emphasized that real estate market activity is currently witnessing continuous movement, while the focus is on the luxury real estate sector by development companies in light of good demand indicators by individuals.
Land prices and transaction values
The report of Al-Asmakh Real Estate Projects Company said that the values of real estate transactions show a low 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 “January 1 to January 5”, when the number of real estate transactions recorded “38” transactions. The report pointed out that the value of real estate transactions amounted to more than 116.340 million riyals.
The report indicated that the municipalities of Al-Rayyan and Doha maintained great activities in transactions in terms of the number of transactions carried out and were ranked first and second respectively. The report indicated that the average number of transactions executed per day amounted to approximately “8” transactions.
In terms of prices per square foot of land, on which transactions were carried out during the second week of January, the real estate index of the Al-Asmakh company indicated that it saw a difference 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, it recorded “1,320” riyals per square foot, and the average price per square foot in Al-Mamoura area settled at “385” riyals, and the average price per square foot in the Ou Airport area stabilized at “870” riyals for buildings.
The Al-Asmakh real estate index also indicated that the price of a square foot in the Aziziyah area was recorded at 365 riyals, and in the Umm Ghuwailina region, the price of 1,350 riyals per square foot was recorded.
The report said: The average price of a square foot was recorded in the Al-Thumama area at a price of “400” riyals per square foot, and the average price of a commercial square foot in the Al-Wakra region stabilized at “1,450” riyals, and the average price of a square foot was recorded for both (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. squares.
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 QR 12,000 to QR 22,000 per square meter, according to the property 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 and around Al Khor and Al Thakhira for the same area is around 2.2 million riyals.