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Qatar- Property deals in Q1 total QR26bn
(MENAFN- The Peninsula) Property transactions in Qatar totalled an unbelievable QR26bn ($7.14bn) in the first three months (first quarter) of the current year, up a massive 56 percent over the same period last year (Q1 of 2014).
The total was QR16.7bn ($4.58bn) in Q1 last year and QR13.6 ($3.73bn) in the first quarter of 2013. There was a 91 percent increase between Q1 of 2013 and Q1 of 2015. The figures, experts say, show the sector is robust due to the development projects being launched and on the back of a booming economy, and is expected to remain so until 2022, when the FIFA World Cup will be held here.
The total was QR16.7bn ($4.58bn) in Q1 last year and QR13.6 ($3.73bn) in the first quarter of 2013. There was a 91 percent increase between Q1 of 2013 and Q1 of 2015. The figures, experts say, show the sector is robust due to the development projects being launched and on the back of a booming economy, and is expected to remain so until 2022, when the FIFA World Cup will be held here.
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