The value of real estate transactions in Qatar may have touched QR4bn ($1.1 billion) in November, Ezdan’s latest monthly report shows.
In the first three weeks of November, the value reached QR2.9bn, the report said.
In October, the value of real estate transactions in the country stood at QR4.5bn. In November last year, it accounted for QR5.9bn.
The report also mentioned the execution of an “exceptional deal” by Barwa Real Estate Company in early December, through the sale of two land plots in Mesaimeer area at QR5.3bn.
The report has a special mention on the recent conference held in Qatar about “future concrete techniques”, where experts and officials revealed some of their expectations regarding the size of the construction sector in Qatar.
An estimate is that it will rise up to about $32bn in 2014-2015, achieving a growth rate of 54%. Infrastructure projects in Qatar are set to exceed $70bn during the next seven years.
According to the speakers at the conference, there are challenges facing the construction industry in the GCC States, particularly Qatar. They also pointed to the steps taken by Qatar so far, to take advantage of technology, in order to find possible solutions to address construction problems.
Participants discussed a number of key issues that focused on the latest technologies in the construction and infrastructure sectors, in addition to maintaining facilities, innovative practices adopted in safeguarding precious lives, the quality of concrete in highway projects, and intelligent use of building materials in major real estate projects.