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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Azerbaijan, Iraq discuss prospects of relations

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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                Saudi to be among world’s big leisure tourism hubs by 2030

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                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              25,000 new housing units in Qatar by year-end        

              The Peninsula

              June 14, 2015
              in Infrastructure, Real Estate
              0

              An estimated 25,000 new housing units are expected to come on the market by this year-end driven by rising demand, says a real estate development company. The demand for housing is forecast to grow between 20 and 25 percent in the second half (H2, July to December) of this year, according to Al Asmakh Real Estate Development Company.

               

              “The demand for housing has been on an upswing,” the company said in a report. The rents of furnished apartments have already gone up by 15 percent in the first half of this year (January to date, as H1 closes on June 30) as compared to H1 of 2014, said the report.

              The company, which is a major real estate developer, said an estimated 100,000 new housing units will be added to the existing stocks over the next four years.

              The report did not, however, say how the rent scenario as regards housing will play out in the next four years. It, though, hinted that rising demand will continue to spur housing development inspired by FIFA 2022 World Cup-related infrastructure development projects.

              A whopping QR250bn ($68.65bn) is expected to be the total investment in Qatar’s booming real estate sector over the next five years.  “The construction boom will continue keeping real estate as the top performer among all the economic sectors in the country,” the report noted.

              Land prices continue to spiral with expatriate-dominated working class localities in Doha like Najma, Al Mansoura and Umm Ghuwailina commanding high rates — QR1,900 per sq foot in Najma and Umm Ghuwailina and QR2,075 in Al Mansoura and the nearby Bin Dirham.

              Land rates, based on real estate transactions that took place between May 31 and June 4, were QR1,200 per sq foot in Old Airport neighbourhood. In the sprawling suburbs, the rates per sq foot ranged from QR330 (Muaither) to QR440 (Al Rayyan), QR460 (Al Gharrafa), and QR420 (Al Laqta).

              In far-flung towns such as Umm Salal Ali and Umm Salal Mohamed rates were QR300 and QR360 per square foot, respectively. Rates were almost the same in Al Thumama (QR510) and Al Mamoura (QR525 per square foot), said the report.

              In the 18 designated residential areas where foreigners are allowed to buy real estate, a one BHK (bedroom, hall and kitchen) commands QR1m, a two BHK unit QR1.3m and a three BHK unit QR1.4m.

              Per square metre rate of apartments in these areas averaged QR11,000 to QR12,000. In the Peral-Qatar, the apartment rate worked out to be between QR13,000 and QR22,000 per sqm on average and in the Towers area, it was QR12,000 per sqm on average.

              The Peninsula
              14 June
               

               
               
               
               
               
               
               
               
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