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04-05-14

Property market of Doha grows in Q1

(MENAFN) Doha"s property market saw a high growth in the first quarter of the current year as the number of transactions boosted by 29 percent quarter-on-quarter, according to Arab News. Land sales totaled 77 percent of all property transactions in the last quarter with a USD 1.959 billion value. Jan Crisp, general manager, Asteco Qatar, said: "This is the second consecutive quarter in which we have seen existing apartment stock augmented and there is a definite rebalancing of prices for this hugely popular location, despite evidence of increases in other areas of the city such as Al-Sadd and Bin Mahmoud."