The new e-system to apply for building permits among other reforms to be introduced by the Ministry of Municipality and Environment will benefit the country’s construction sector, Ezdan Real Estate said in a report.
The new reforms are expected to enter into force by February, which will positively reflect on the growth of construction activity during the year, Ezdan noted.
The weekly report highlighted the completion of the draft law pertaining to urban planning, which is expected to be notified by mid-2020, and said it will be a “significant stride” in the country’s urban development plan.
On real estate activity in Qatar during January 5-9, Ezdan said some 53 property sales transactions were registered by the Real Estate Registration Department with a total value of nearly QR231.6mn, covering six municipalities: Umm Salal, Al Khor, Al Thakhira, Doha, Al Rayyan, Al Daayen and Al Wakrah.
The sales activity included land plots, multi-use buildings, multi-use land lots, and residential buildings, at a price of up to QR550 per square foot, totalling QR26.1mn.
Al Daayen Municipality ranked second by deal value, through the sale of a vacant land of 9,453 square metres in Jarian Janayat, with a value of QR25.9mn, at a price of QR254 per square foot.
Meanwhile, Doha municipality recorded the lowest deal by value for a building in Al Najma area spreading over an area of 142 square metres, at QR598 per square foot.
Source: Gulf Times
