Doha, (Business News Report)|| Real estate trading in Qatar reached 379 million riyals last week, according to an announcement issued by the Real Estate Registration Department at the Ministry of Justice.
The Real Estate Registration Department said that Real estate trading in Qatar by sale included vacant lands, houses, apartment buildings and a commercial building.
Sales operations were concentrated in the municipalities of Al Daayen, Doha, Al Rayyan, Umm Salal, Al Khor, Al Thakhira, Al Shamal and Al Wakra.
The volume of real estate trading, during the period from May 22 to May 26, amounted to 431,82,498 Qatari riyals.
Meanwhile, the Qatar Chamber of Commerce and Industry and the Federation of Saudi Chambers reviewed investment opportunities in the real estate sectors in the two countries, with a delegation representing the National Real Estate Committee of the Federation of Saudi Chambers headed by Muhammad Abdullah Al-Murshed, Chairman of the Committee.
During the meeting, Al-Murshed stressed the depth of economic relations between Qatar and Saudi Arabia, and the two sides’ desire to expand mutual investments and joint projects in a way that raises the volume of inter-trade exchange.
He pointed to the great potential and the intention to create an investment-attractive work environment in order to achieve the national vision in the two countries for the year 2030, explaining that the real estate sector is the main engine for development, and it is considered at the Gulf level as a promising sector and attractive to projects.
The Real Estate Committee of the Federation of Saudi Chambers is keen to enhance cooperation with the Real Estate Committee of the Qatar Chamber, he said.
He pointed out that the meeting between the real estate committees in Qatar and Saudi Arabia paves the way for a new start, and aims to exchange visions and experiences to identify the best practices in the sector, and create an appropriate work environment for investors, which contributes to the advancement of the real estate sector, as well as discussing investment opportunities available in both Qatar and Saudi Arabia.
