The Al Asmakh Real Estate Projects Company report said that the concerned authorities in the country are implementing infrastructure projects in the southern region, which includes Al-Wakrah, Al-Wukair and Al-Mashaf, indicating that the concerned authorities are implementing a number of huge projects related to infrastructure development in the region to serve thousands of new lands.
The report explained that infrastructure development projects in the southern region contribute to a significant recovery in the real estate sector, and reflect positively on the increase in real estate investment and construction activity in the southern region. These projects also contribute to increasing the demand for land.
The report added: This trend has begun to bear fruit through the investments of real estate development companies in implementing major real estate projects in the southern region, such as residential cities for families and workers. The past few years have witnessed the completion of a number of real estate projects that have contributed to forming a new addition to the real estate sector and the region.
The report indicated that among the infrastructure projects that were completed were the road and infrastructure development project for citizens’ lands in northern Al-Wukair, in addition to infrastructure projects for government divisions of citizens’ lands in West Al-Mashaf, as well as two roads and infrastructure development projects in western Al-Wakrah, to ensure the provision of integrated infrastructure. For the western Al Wakra region, as well as road development projects in the southern region, which contributed to connecting it to all regions of the country.
The report stated that these projects will contribute to reviving demand for real estate in the areas in which they are implemented, especially since these areas are witnessing the construction of many buildings, which will contribute to the integration of services there, and will also affect the orientation 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-Wakrah.
The report confirmed that these projects will contribute to increasing the demand for land in those areas, and will also enhance investment, especially for commercial projects (commercial complexes), in addition to tourism projects (hotels and tourist facilities), indicating that these projects will contribute to attracting investors’ attention to those areas, which will enhance Construction and construction work in those areas.
Al-Asmakh’s report explained that infrastructure development projects in the southern region are part of the state’s plans to implement infrastructure to serve 32,855 plots of land distributed among 14 regions.
Land prices and transaction values
The Al Asmakh Real Estate Projects Company report said: The values of real estate transactions witnessed a low performance compared to the previous week, according to the data of the latest bulletin issued by the Real Estate Registration Department in the Ministry of Justice for the week extending from “15 to 19 December of this year,” where the number of real estate transactions recorded “53.” deal, and the report pointed out that the values of real estate transactions amounted to more than 187.5 million riyals, and the report indicated that the municipalities of Doha and Al Rayyan accounted for the large activities in transactions in terms of the number of deals executed and ranked first. And the second in a row. The report indicated that the average number of transactions executed per day amounted to approximately 11 transactions. While the value of transactions on residential units amounted to about 25 million riyals, which were implemented during the same period in the Pearl and Lusail.
Regarding the prices per square foot of land on which deals were carried out during the fourth week of December, the real estate index of Al-Asmakh Company indicated that it witnessed a variation 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 Al-Najma area, it was “1,320” riyals per square foot, and the average price per square foot in the Maamoura area stabilized at “385” riyals, and the average price per foot in the Al-Mamoura area stabilized at “385” riyals. The old airport at “870” riyals for buildings.
The Al Asmakh Real Estate Index also indicated that the price per square foot was recorded at “365” riyals in the Aziziyah area, while the price of “1,350” per square foot in the Umm Ghuwailina area was recorded.