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Qatar’s property deals grow 40 per cent in 2015

Increasing growth in real estate sales deals, of both land and built properties, expected

The demand for residential and commercial spaces in Qatar has increased, driven by the construction wave and rapid population growth, a recent study reveals.

According to the study published by Al Asmakh Real Estate Development Company (AREDC), retail spaces are expected to more than the double over the next few years, reports arabi21.com.

The study forecasts that the real estate sector in Qatar would continue its growth in the coming period, accompanied by an increasing growth in real estate sales deals, of both land and built properties.

The value of real estate deals is expected to grow by 40 per cent by the year-end, adds the study.

The study pointed out that the general real estate market outlook is positive, especially as infrastructure projects are going on in full swing and are expected be delivered as scheduled, which gives a strong impetus for more large-scale projects in the coming years.