The Al -Asmakh Real Estate Projects report said: The past few years have witnessed significant growth in the areas of the commercial real estate and hospitality sector in Qatar through the opening of a number of hotels, resorts and commercial complexes, supported by the development of a comprehensive infrastructure that meets all the requirements and aspirations.
The report added: The state’s plans to develop marine, air and land transport facilities, in addition to developing tourism and heritage facilities, in addition to the various entertainment and tourism activities and activities carried out by the state and the private sector throughout the year, all of which are major factors that directly contributed to increasing the number of visitors to Qatar at high rates since the beginning of this year, and led to the recovery of the tourism sector and the growth of the return of retail and hospitality, and hospitality. To keep pace with the great efforts made to consolidate Qatar’s position on the map of global tourism in the wake of its successful hosting of a number of major global and continental events, and at the same time keep pace with the requirements of hosting these events during the current year and the coming years.
The report pointed out that these plans will contribute to supporting the growth of real estate construction operations in the hospitality and trade sectors, to keep pace with all the requirements, as well as keep pace with the aspirations and needs of consumers.
The report said: The government is currently developing plans to build facilities that are consistent with the Qatari interest in developing the tourism and hotels sector, with the state and the competent authorities seeking to enhance tourism revenues and improve the quality of service provided in hotels.
He added: All steps taken by the relevant authorities in the tourism sector would cause a major boom in the hospitality sector in Qatar and a positive qualitative shift that has evolved from this vital sector.
The report also clarified that Qatar is currently working to diversify the sources of GDP through various sectors, including the construction and real estate sector, which will create great accompanying projects that help enhance the growth of the service sector and provide new opportunities from projects and work.
Land prices and transactions values
The Al -Asmakh Real Estate Projects report said: The values of real estate deals witnessed low performance compared to the previous week, according to the recent data issued by the Real Estate Registration Department in the Ministry of Justice for the week extending from «13 to 17 April», where the number of real estate deals (96 »deals recorded, and the report pointed out that the real estate trading values reached more than 393.4 million riyals, and the report indicated that the Municipalities of Al -Rayyan and Doha acquired On the large activities in transactions in terms of the number of deals executed and ranked first and second in a row, and the report indicated that the average number of deals implemented per day reached “19” deals. While the values of transactions on housing units exceeded 40 million riyals, they were implemented during the same period in the pearl, Lucille, and the Qatifiya of Umm Al -Amad, Garb Al -Dafna.
On the level of the square foot prices of the lands, on which deals were implemented during the fourth week of April, between the real estate index of “Al -Asmakh” that it witnessed a variation in prices, explaining that the average supply rates for one square foot in the Mansoura area and Bin Dirham reached “1,380” riyals, and recorded in the Al -Najma area “1,320” riyals per square foot, and the average price of the square foot in the Maamoura area was settled at “385” riyals, and the average price of the foot in the ancient airport area stabilized at “870” riyals for buildings.