Doha residential transactions at three-year high - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Residential sales transactions in Q2 2013 reached a three-year high according to the latest Asteco Qatar report, led by increased freehold purchase demand in prime areas such as Pearl-Qatar and boosted by developer participation at May’s Cityscape Qatar real estate investment and development showcase.
While the number of transactions increased, price points held fast at Q1 2013 levels. Prime market developments including Viva Bahriya-Pearl and Porto Arabia-Pearl registered per square metre direct sales prices of up to QAR 16,000 and QAR 15,000 respectively on average, with average resale values per square metre topping out at QAR 15,000 and QAR 12,000 respectively.
“Qatar’s infrastructure development is gaining pace, which in turn is bringing more expatriates into the country as the population grows, and this is raising the profile of the local real estate market in the region and internationally,” said Jed Wolfe, Managing Director, Asteco Qatar."
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