Standard spaces retail real estate growth in 2017

Iqbal private sector to rent an office in the western Gulf

Utilities and transport projects will enhance the activity of the construction sector

17% rise in the number of hotel rooms this year

DOHA - Al-Raya:

Report Asmakh Real Estate Projects Company said that retail real estate trade market in Qatar will grow close to 100 per cent by the year 2017 with large commercial markets is completed, such as the Doha Festival City and Mall of Qatar, which contribute to 260,000 and 162,000 square meters respectively of the total area leasable in addition to "to Ovindam Mall" and "Marina Mall" in the city of Lusail, as well as large commercial centers such as North Gate Mall and Mall of the Gulf and scattered in different parts of Qatar.

The report added: The office market in Qatar will see the entry of a growing number of completed projects during the next three years, leading to a rise in vacancy rates.

The report pointed out that during the last two years based office market firmly on the government sector, where he was renting a number of full buildings of organizations of the government in the West Bay area, noting that this year since its inception witnessed the office market well received by private sector companies in the West Bay area.

The report pointed out that the current boom in real estate development in the end will have a variety of effects. The real estate sector will benefit from the significant improvement in infrastructure, especially with regard to the new transport facilities, and infrastructure development of roads and bridges.

The report said: and the infrastructure, roads, Qatar has currently about 2,500 kilometers of highways hand drawn plan stipulates that bringing the total of those roads 8,500 kilometers of highways by 2022, will also increase internal roads distances to cover "34" thousand kilometers by the year 2020, and now extends to 9500 km area, and the government is currently working to increase the number of bridges from 160 to 200 by 2020, bridge, link roads. Baladhav to work "32" tunnel in the future.

The report In addition to some new facilities, Kmtar Hamad International, Network Rail and the new port associated with the development of infrastructure of roads, bridges and tunnels, will be the main engine for the growth of the real estate sector, and will contribute to these facilities recovery of the retail and hospitality sector, and this will be positively reflected the recovery of construction operations Real Estate by taking advantage of the expansion projects in the hotel sector to increase the capacity of the hospitality industry, as well as benefit from the creation of commercial complexes projects to keep pace with the increasing desires of consumers towards the growing retail sector in Qatar.

The report said: The government is currently drawing up plans to build facilities in line with the national interest in the development of tourism and hotel sector, with the state's keenness to boost tourism revenue and improve the quality of service provided in hotels, to attract increasing numbers of visitors and tourists from various countries of the world.

He added that this strategic projects that will make a big leap in the hospitality sector in Qatar and a quantum leap excellent and it is expected to increase the number of rooms in hotels by 17% during the current year "2015".

As explained by the report: that Qatar is currently working to diversify the sources of GDP by different sectors, including construction and real estate sector, which will create a great accompaniment projects help to promote the growth of the work of the services sector and provide new opportunities from projects and work. He pointed out that the estimates indicate an increase in loans to the real estate sector and contracting rate during the current year "2015" to high levels.

A report Asmakh company for real estate projects that the volume of property transactions has seen high performance in terms of values ​​in real estate transactions according to the latest bulletin issued by the Land Registry in the Ministry of Justice Administration for the week of "19 to 23" April data, where the number of real estate transactions recorded "146 "deal, the report pointed out that the values ​​of sales and mortgage operations amounted to nearly" 705.8 "million riyals.

The report pointed out that the municipalities of Doha and Al Rayyan have maintained large trade activities in the so outstand ranked first and second respectively in the number of transactions, the report pointed out that the average number of executed trades per day amounted to "29" deal almost.

At the level of foot price of the square of land that carried out the transactions during the fourth week of April, the real estate index of the company "Asmakh" they saw the disparity in prices, and explained that the average offer prices foot per square in the Mansoura area and Ben dirhams amounted to "2075" riyals, and log rising star in the region amounted to "1900" Real per square foot, and settled the average price of a square foot in the area of ​​the globe at "525" riyals, also settled price average foot in the old airport area at the "1250" riyals condominium.

Returning to the villas and apartments Price Report Asmakh Real Estate Projects Company explained that the sale of the residential real estate market is a continuous improvement in terms of inquiries about the movement of the units in the right to use the "18 zones" and areas of the right of freehold especially by local investors.

The report said: The average price of apartments in areas usufruct of Real million for an apartment consisting of one bedroom, and "1.3" million riyals for an apartment consisting of two bedrooms, and "1.4" million riyals for an apartment consisting of three bedrooms, the report pointed out prices vary by region, area and location of the apartment in residential architecture.

The report added: The price per square meter of residential apartments in these areas ranging from "11" to "12" thousand riyals, noting that these prices in residential buildings that sort of apartments where by landlords and real estate developers.

The report also pointed out that the average price per square meter in apartments located in West Bay towers winding estimated "12" thousand riyals and there are certain data may raise the price a little bit related to "condo site and views inside the towers."

In terms of villa prices "Asmakh" report shows that villa prices vary from region to region, the report said: The average villa prices in the Doha area and Thumama and kindergarten airport and Ain Khalid roughly estimated at "4" million riyals to the area of ​​average size between "400 to 500" square meters per villa. He pointed out that this also applies to the price of villas in Al Gharafa and Al Rayyan and the snapshot area Um Salal and Oziguy to the foregoing space.

The report added: The villas prices are falling as we head north, where the price of the villa in the creek and ammunition in and around the area of ​​space between "1.8" million to "2.2" million riyals.