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Tuesday, 21 May 2013

Real estate transactions worth QR333,319,589 last week

Real estate transactions worth QR333,319,589 last week
Real estate transactions between July 10 and14 for the real estate sales contracts registered at the Ministry of justice are worth QR333,319,589, the real estate registration department at the Ministry said in its weekly report. The list of properties that were traded either by sale or mortgage includes open plots of land, two floors villas, annex, government building, houses and...

Solutions to Doha traffic snarls soon

Solutions to Doha traffic snarls soon
A key committee of experts has proposed changes at different locations across Doha in an attempt to address the endless traffic jams in the city, reported an Arabic newspaper. Changes proposed by the Traffic Congestion Committee include lane expansions, addition of slip roads and installation of signals, new roundabouts and making intersections. Abdul Rahman Al Emadi Chairman of the...

Qatar sees little change in rents in Q2, says Asteco

Qatar sees little change in rents in Q2, says Asteco
Modest leasing activity characterised Qatar’s property sector during the second quarter of 2011, according to the latest Asteco quarterly report. It found overall averages for apartment rental rates in Qatar ranged from QR4,000 per month to QR14,000 per month for two-bedroom properties showing little change from Q1. Rental rates remained stable, particularly in apartment...

Qatari Diar-backed bid outpaces Wellcome Trust and Hutchison Whampoa in race for Olympic Village

Qatari Diar-backed bid outpaces Wellcome Trust and Hutchison Whampoa in race for Olympic Village
Delancey and Qatari Diar have emerged as frontrunners to buy the London Olympics Athletes Village after the games. Property Week understands that Delancey and Qatari Diar are in “intensive” discussions with the Olympic Delivery Authority for the £500m village, which will form a new residential quarter for the capital in east London. Jamie Ritblat’s property fund manager is...

Realty market set to grow ahead of 2022 World Cup

Realty market set to grow ahead of 2022 World Cup
Qatar is expected to see strong growth prospects in its residential property market, ahead of 2022 FIFA World Cup, despite the ongoing low transactions, according to Asteco.“Based on our latest residential market report, the outlook for Qatar’s residential property market is positive. This can be attributed to its stable political environment, its strong economy, and the...

Qatari Diar to cut staff and restructure

Qatari Diar to cut staff and restructure
Qatari Diar, the property investment arm of the Qatar government, is cutting back staff and restructuring management as part of a re-evaluation of its business plans. The changes include a new chairman, the Qatar finance minister Yousef Hussein Kamal, who last month replaced the Qatar prime minister Sheikh Hamad Al Thani. Qatari Diar has not confirmed the change, but sources close to...

Partial closure of Corniche Street

Partial closure of Corniche Street
Public Works Authority (Ashghal) announces partial closure of Corniche Street on the stretch between the Ministry of Interior building and up to Diwan Roundabout for maintenance works. The two lanes (middle and extreme left) shall be closed from Wednesday, 13/7/2011 for five days to be reopen with new asphalt level on Sunday, 18/7/2011, and from that day, the extreme right lane on the...

QATARI DIAR purchases marina in Tarragona, Spain

QATARI DIAR purchases marina in Tarragona, Spain
QATARI DIAR Real Estate Investment Company, an international leader in sustainable development, announced today the purchase of the Port Tarraco Marina in North Eastern Spain through its subsidiary Qatari Diar Marina Tarragona (QDMT). The high-end Port Tarraco Marina is located in Tarragona, Spain, approximately 95km south of Barcelona, and will be one of the few existing marinas of...

Finance Minister Replaces PM As Qatari Diar Chairman

Finance Minister Replaces PM As Qatari Diar Chairman
Qatar’s Finance Minister Yousef Kamal has replaced the Gulf Arab state’s prime minister as chairman of Qatari Diar Real Estate Investment Co., the property arm of the country’s sovereign wealth fund, three people familiar with matter said. It is not clear when Kamal took over the chairman role from Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani, nor what...

Real estate transactions worth QR753 million last week

Real estate transactions worth QR753 million last week
Real estate transactions between July 3 and 7 for the real estate sales contracts registered at the Ministry of Justice are worth QR 753,374,160, the real estate registration department at the Ministry said in its weekly report. The list of properties that were traded either by sale or mortgage includes open plots of land, two floors villas, annex, houses and residential buildings...

United Development Company; winner in the 2011 National Green Apple Awards

United Development Company; winner in the 2011 National Green Apple Awards
The winners of the Green Apple Awards 2011 for the Built Environment and Architectural Heritage were announced on 20th June 2011 at an awards ceremony at the University of Westminster, London. United Development Company was presented with a bronze award for various environmental initiatives at the Pearl-Qatar.  On receiving the award a UDC spokesperson commented, “It is an honour...

QR20 billion regeneration of downtown Doha

QR20 billion regeneration of downtown Doha
Qatar-based real estate developer Msheireb Properties opened a major forum in London last week on investment in the country’s emerging non-oil and gas sector. MEED Qatar Infrastructure Projects 2011, which ran from July 5-6 at the Jumeirah Carlton Hotel, brought together chief executives from Qatar’s real estate, banking, transport, utilities, and construction sectors, as well as...

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