DOHA: Qatar’s real estate value touched QR4.6bn in November, up 35.3 percent, compared to the previous month. On year-on-year basis the transaction value is up 21 percent, Ezdan Holding’s monthly report noted yesterday.
According to the Ezdan report, Qatar’s real estate market gained momentum despite drop in oil prices and a 17.1 percent year-on-year decline in real estate stocks listed on the local bourse. The total traded real estate shares on Qatar Exchange during November was 24.2 million, down 56.3 percent compared to the previous month. The GCC real estate sector has also showed momentum especially in Saudi Arabia where the housing sector witnessed positive activities . Real estate market in UAE was stable in November.
