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Over QR9.5Bn Real Estate Deals Recorded in 5 Months This Year

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Over QR9.5Bn Real Estate Deals Recorded in 5 Months This Year BUSINESS | 15 SPORT | 20 QIIB launches Federer, Nadal ‘Contactless cruise into Payments Wimbledon Service’ last 16 Sunday 7 July 2019 | 4 Dhul-Qa'da 1440 www.thepeninsula.qa Volume 24 | Number 7945 | 2 Riyals Over QR9.5bn real estate deals Qatar, EU commit to continue cooperation recorded in 5 months this year QNA a joint press statement said. BRUSSELS The two sides underlined the Qatar’s real estate market has REAL ESTATE DEALS IN JAN-MAY 2019 need to defuse tensions and shrugged off the impact of The first formal high-level avoid escalation, which will siege and is moving ahead QR1.38bn 331 1,754 meeting between Qatar’s Min- have a significant impact in the with full steam. istry of Foreign Affairs and the region and beyond. The discus- total value of total total number of European External Action sions also paid special attention real estate number of real estate deals Service (EEAS) was held in to Yemen, the Middle East peace deals in May deals in May in five months SACHIN KUMAR Brussels under the joint chair- process, the situation in the Horn THE PENINSULA manship of Qatar’s Minister of of Africa, Syria, Afghanistan, QR2.99bnQR2Q .99bn State for Foreign Affairs, H E Sudan and Libya. Qatar’s real estate market has delivered highest value of Sultan bin Saad Al Muraikhi, and The two sides also reiterated strong performance in the first five months deals registered Secretary-General of EEAS, their commitment to continue of this year. The real estate sector has wit- in April Helga Schmid. their work and cooperation to nessed deals valuing more than QR9.5bn The meeting launched the promote peace and sustainable during January-May 2019, according to the 358 implementation of the cooper- solutions to existing conflicts. data of Planning and Statistics Authority, ation arrangements signed on They further lauded the number of which shows the sector remains attractive March 7, 2018 during the official outcome of the first meeting of real estate for investors. visit of Amir H H Sheikh Tamim the Working Group on Human deals in April Maximum number of deals in during the bin Hamad Al Thani to Brussels. Rights held in Doha in December; period was for vacant plots of land. Among The cooperation arrangement and confirmed their intention to the municipalities, Doha municipality was aims to establish a framework for hold the second edition of the the most sought as it witnessed highest exchanging views on issues of meeting in Brussels before the end number of deals in the country. common interest and exploring of the year. “Qatar’s real estate market has come a different areas of cooperation The Ministry of Foreign long way since June 2017, when the unjust firm told The Peninsula. “Measures taken by during the month while April registered deals between the two sides. Affairs and the EEAS welcomed siege was imposed by the blockading coun- government authorities have played an worth QR2.99bn, making it the month with The high-level political con- the possibility of closer integration tries. Country’s real estate has shrugged off important role in boosting real estate the highest value of deals in the first five sultations focused on the bilateral in the areas of security and coun- the impact of siege and is moving ahead with sectors,” he added. months of this year. Real estate market in relations between the State of terterrorism, conflict prevention full steam. The average monthly transac- A total of 1,754 transactions were regis- Qatar has evolved over the years with initi- Qatar and the European Union and mediation, development tions have increased since June 2017, which tered in the first five months of this year. atives taken by the government to improve and recent developments in the cooperation and humanitarian shows the strength of real estate sector,” a January was the most busy month for the transparency, ownership regulations and Gulf region, including the Gulf assistance in addition to economic senior official of a real estate consultancy real estate sector as 402 deals were recorded overall participation. `P2 crisis, which entered its third year, and social issues. `P2 02 HOME SUNDAY 7 JULY 2019 PRAYER TIMINGS Qatar, EU commit to continue cooperation OFFICIAL NEWS FAJR 03. 20 AM SHOROOK 04. 49 AM FROM PAGE 1 Qatar condemns The meeting also discussed cooperation bombing of mosque ZUHR MAGHRIB 06. 30 PM in a number of areas, such as information 11. 39 AM in Afghanistan ASR 03.02 PM ISHA 08. 00 PM exchange, combating terrorism and its funding and cybersecurity. The two sides intend to strengthen DOHA: The State of Qatar WEATHER TODAY their security partnership and combat has strongly condemned terrorism to eliminate it and violent the bombing of a mosque extremism. They also agreed on the in Ghazni province in south- importance of increased cooperation east Afghanistan, killing within existing multilateral forums such two people and injur- as the International Counter-Terrorism ing others. In a statement Forum and the Global Fund to Support issued yesterday, the Min- the Participation and Sustainability of istry of Foreign Affairs Communities. reiterated the State of In this regard, Minister of State for Qatar’s firm stance reject- Foreign Affairs, H E Sultan bin Saad Al ing violence and terrorism, Muraikhi, and the Secretary-General regardless of motives and of EEAS, Helga Schmid, welcomed reasons. It stressed Qatar’s Qatar’s commitment to provide €66.5m total rejection of target- over five years to support the United ing places of worship and Nations Office for Counter-Terrorism. intimidating civilians. The The Qatari side presented the latest statement expressed the developments in the preparation of condolences of the State security plans for the 2022 FIFA World of Qatar to the victims’ Cup Qatar. families, the Government The two sides also exchanged infor- and people of Afghani- mation on their respective work in the stan, wishing the injured a areas of development cooperation and speedy recovery. QNA humanitarian assistance, particularly o o in the Middle East and Africa, in areas Qatar’s Minister of State for Foreign Affairs H E Sultan bin Saad Al Muraikhi with 35 C 47 C such as youth, health and refugees. the Secretary-General of EEAS, Helga Schmid, in Brussels. Chief of Staff of Minimum Maximum H E Al Muraikhi and Schmid Qatari Armed explained their policies, methods and facilitating trade, investment, education, Qatar. For her part, Secretary-General of Hot daytime with slight dust to blowing tools in these areas and discussed spe- academic mobility and space, including the EEAS, Helga Schmid, expressed her Forces attends GCC dust at some places at times. cific areas of potential cooperation satellite navigation. pleasure at opening the first meeting of meeting in London between them. The two sides agreed to continue their senior officials between the Ministry of HIGH TIDE 06:42 – 20:10 LOW TIDE 03:17 –14:20 LONDON: The Chief of Cooperation in economic and social discussions, and to hold the second Foreign Affairs and the European External Courtesy: Qatar Meteorology Department issues was also discussed with a focus on meeting of senior officials in 2020 in Action Service. Staff of Qatari Armed Forces H E Lieutenant General (Pilot) Ghanem bin Shaheen Lawyers Admission Committee meets Al Ghanim has partici- Qatar military parachute team wins pated in the second meeting QNA for the registration of more new of the Group of Chiefs of DOHA lawyers, then the Committee has medals in Switzerland championship Staff of the Gulf Coopera- taken the appropriate decision. tion Council (GCC), United The Lawyers Admission The committee reviewed the QNA scoring 186 points, ahead of 15 points ahead of Spain and 23 Kingdom, Arab Republic of Committee held a meeting today requests for the transfer of other ZURICH Spain, who scored 171 points and point of Germany who came in Egypt and Jordan, which chaired by Minister of Justice lawyers from the board of Germany who came third with the third place. was held in London. HE the and Acting Minister of State for lawyers before the courts of The Qatar Special Forces’ Para- 163 points. Commander of the Joint Chief of Staff’s participation Cabinet Affairs H E Dr Hassan appeal and discrimination, and chuting Force team won three In the Air Tunnel compe- Special Forces Major General comes in response to the bin Lahdan Al Hassan Al has taken appropriate decisions gold medals in the World Military tition, Qatari team also toped the Hamad bin Abdullah Al Fetais Al invitation he had received Mohannadi. thereon. A number of organisa- Parachute Jumping Champi- ranking with 293 points, ahead Marri, dedicated the victory to from the United Kingdom’s The Committee reviewed the tional topics and files submitted onship held in Switzerland with of Germany who came second the wise leadership of the State, Chief of the Defence Staff topics on its agenda, witnessed for discussion were also the participation of 17 teams with 269 point and Spain who praising the Qatari team’s victory Sir Nick Carter The meet- three new lawyers swear the reviewed, including some com- representing 11 countries. came third with 260 points. during their participation and ing discussed a number of legal oath before the Committee, plaints and grievances, and deci- The Qatari team won the Qatar also won the gold medal described it as a great important topics including and reviewed the applications sions have been taken. gold medal for free skydiving in the four-way formation only achievement. ways of developing forces, capacity building and how to develop the capabili- ties of individuals. It also QR9.5bn real estate deals dealt with cyber security issue and ways to counter recorded in five months drone aircraft.
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