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Qatar's Real Estate Trade Reaches QR1.7 Bn In

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Qatar's Real Estate Trade Reaches QR1.7 Bn In CNA-Q names winners of Business Gateway Competition PG 11 WEDNESDAY, MARCH 10, 2021 32,048.65 10,117.84 51025.48 1,715.50 +246.21 PTS +65.61 PTS +584.41 PTS GOLD +2.23 % Japan’s economy expanded slower DOW QE SENSEX than expected in Q4 PAGE 10 PRICE PERCENTAGE PRICE PERCENTAGE 26.11 BRENT 67.44 -1.17 % WTI 63.92 -1.74 % SILVER +3.33 % Qatar ranks Qatar’s real estate trade first in mobile reaches QR1.7 bn in Feb Internet speed Municipalities of Al Rayyan, Doha, Al Dhaayen top most active trades in terms of financial value QNA exceeding many countries of DOHA the world in this regard. QNA The report also stated that DOHA QATAR has ranked first glob- Qatar has 2.87 million social ally in mobile internet con- media users, while Qatar’s THE volume of real estate transaction nection speeds as the average mobile connections increased in sales contracts registered with the download speed in internet to 4.67 million, 160.6 percent real estate registration department at connection via mobile phone of the population. the Ministry of Justice amounted to has reached 178.01 mbps, The Hootsuite Organiza- QR1.774 billion in February this year. according to ‘The Global tion is a global organisation The data of the analytical real estate State of Digital 2021’ re- specialised in social media bulletin issued by the Ministry during port released by Hootsuite management, and the statis- February showed that the real estate Organisation. tics of the internet and mobile sector continues its steady growth in Qatar has also ranked phone. various investment and commercial number one globally in the It releases a report annu- fields, thus continuing the strong and rate of internet adoption ally to monitor the statuses of active trading movement that the sec- among the total population digitisation and the levels of tor is witnessing during the recent with 99 percent. the spread of the various tools period, especially with the issuance of The number of internet us- of modern communication new laws and decisions related to real ers in Qatar reached 2.88 mil- technology in all countries of estate brokerage, real estate registra- lion people last January, thus the world. tion and ownership and utilisation, as well as laws that attract domestic and foreign capital. These data also confirm the strength and durability of the foundations of Mazaya, QFB to join the Qatari economy and the continued growth of the real estate sector as one of its main components. QE index from April 1 The data showed that 509 real estate deals were registered during the month. TRIBUNE NEWS NETWORK points on Tuesday. The municipalities of Al Rayyan, DOHA The volume of shares trad- Doha and Al Dhaayen topped the ed increased to 462.959 mil- most active trades in terms of financial MAZAYA Real Estate Devel- lion on Tuesday from 267.203 value, followed by the municipalities opment and Qatar First Bank million on Monday and the of Umm Salal, Al Wakra, Al Khor, Al Qatar’s real estate sector continued its steady growth in various investment and commercial fields in the month of February. (QFB) will replace Aamal and value of shares increased to Thakhira and Al Shamal. Doha Bank in the QE Index QR652.5 million on Tuesday The value of the transactions of percent in Al Rayyan, followed by Al The average price per square foot tions with 38 transactions, equivalent with effect from April 1, Qa- from QR465.182 million on Al Rayyan municipality amounted to Dhaayen municipality by 31 percent for February 2021 ranged between to 49.4 percent of the total number tar Stock Exchange (QSE) has Monday. QR564.113 million during the month, and Doha municipality at 15 percent, QR705-773 in Doha, QR241-481 in of mortgages, followed by Al Rayyan said in a statement posted on Indices of all the seven sec- while that of Doha municipality was followed by Um Salal municipality by Al Wakra, QR321-414 in Al Rayyan, municipality with 21 transactions, its website on Tuesday. tors closed in the positive ter- QR482.091 million. The value of Al 9 percent, Al Wakra municipality by QR228-473 in Umm Salal, QR275-463 equivalent to 27.3 percent, Al Dhaayen According to the statement, ritory that saw the insurance Dhaayen municipality transactions 5 percent, then Al Shamal municipal- in Dhaayen, QR198-307 in Al Khor with 11 transactions, equivalent to 14.3 Qatar First Bank will also join gain the most by 3.1 percent. amounted to QR435.979 million, ity by 4 percent, and Al Khor and Al and Al Thukhaira, and QR141-210 in percent, Umm Salal and Al Wakra mu- the QE Al Rayan Islamic Index The QSE Total Return In- while that of Umm Salal’s municipal- Thakhira by 3 percent. Al Shamal. nicipalities with 3 transactions each, from the same date. dex increased 1.08 percent to ity was QR146.876 million and that Regarding the number of transac- The trading volume revealed the equivalent to 3.9 percent and Al Sha- There will be no change 19,900.40 points and QSE Al of Al Wakra municipality stood at tions index (sold real estate), trading registration of the highest value of ten mal, with one transaction, equivalent in the constituents of QE All Rayan Islamic Index gained QR95.704 million. indicators showed that the most ac- properties sold in February 2021, in- to 1.3 percent of the total number of Share Index and related sec- 1.20 percent to 4,286.25 Al Khor and Al Thakhira munici- tive municipalities during February cluding four properties in Doha munic- mortgages. tors indices, the statement points. The QSE All Share pality recorded trading amounting to 2021 are Al Rayyan municipality with ipality, two in Al Rayyan and Al Dhaay- Doha had a total mortgage value said. Index added 1.26 percent to QR38.655 million, while that of Al Sha- 31 percent, followed by Dhaayen mu- en municipalities, and one in each of of QR3.8 billion. Al Shamal had the Meanwhile, Qatari stocks 3,189.97 points. mal reached QR29 million. nicipality by 28 percent, Doha mu- the Al Wakra and Umm Salal. lowest value at QR576,000, while Ash- continued their gaining mo- Investment Holding In terms of the traded area index, nicipality by 17 percent, Umm Salal The volume of mortgage transac- Shahaniyah and Al Khor and Al Daay- mentum for the second day Group, which gained 9.33 per- indicators showed that the munici- municipality by 9 percent, followed by tions that took place in February 2021 en municipalities have not recorded in the week. The Qatar Stock cent, was the best performing palities of Al Rayyan, Al Daayen and Al Wakra municipality by 6 percent, reached 77 transactions, with a total any mortgage transactions. Exchange (QSE) general in- stock for the day. Salam In- Doha were the most active municipal- Al Shamal municipality with 5 percent value of QR5.022 billion. As for transactions in the Pearl and dex gained 65.61 points, or ternational gained 8.73 ities in the areas of real estate traded and Al Khor and Al Thakhira munici- Doha municipality recorded the Al Gassar areas in February, there were 0.65 percent, when the bourse percent to be the second best during February 2021, at about 33 pality by 4 percent. highest number of mortgage transac- 45 deals worth QR94.434 million. closed trading at 10,117.84 performer. UDC wins award for Corinthia Gewan Island Qatar TRIBUNE NEWS NETWORK The awards which are considered and 15 multi-use buildings. DOHA a world-renowned mark of excel- Gewan Island will feature in lence, were judged by a panel of addition to Corinthia Hotel and its UNITED Development Company more than 80 industry experts connected golf course and beach (UDC), a leading Qatari public and chaired by members of the club, an air conditioned ‘Crystal shareholding company and master UK’s House of Lords, taking into Walkway’ and seaside promenade, developer of The Pearl-Qatar and account key factors including de- parks and green areas, in addition Gewan Island, has won the 2020 sign, quality, service, innovation, to various entertainment facilities, International Property Award for originality, and commitment to a sports club and a mosque. Corinthia Gewan Island Qatar ho- sustainability. UDC is making major strides tel in the category of Best New Ho- The ‘Corinthia Gewan Island in the development of Gewan Is- tel Construction and Design. Qatar’ Hotel will be established land where infrastructure works Commenting on this interna- on an area of 13,000 sqm and will are well underway in tandem with tional recognition, UDC President comprise 110 guestrooms includ- road and bridge networks connect- and Chief Executive Officer and ing executive rooms, 30 suites and ing Gewan Island to The Pearl- Board Member Ibrahim Jassim a presidential suite, a banquet hall Qatar through Abraj Quartier and Al Othman said, “This award is a and outdoor patio with a 1000 a landmark cable-stayed bridge massive vote of confidence in the people capacity, an all-day dining whose pylons have been completed iconic Corinthia Gewan Island Qa- and specialty restaurants in addi- and deck segments casted and cur- tar Hotel which will be a flagship tion to a distinguished spa facility. rently in installation phase. of modern hospitality not only in The hotel will be an architectural At the heart of the Island, Qatar but also in the region. The jewel combining urban luxury and 15 mixed-use buildings are also energy, vision and quality of re- neoclassical design and will fea- progressing rapidly with several sources that UDC has assembled ture many leisure activities and buildings already reaching roof for this project, will ensure that amenities.
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