Quarantine requirement boosts occupancy of hotels
04 May 2021 - 9:35
Sachin Kumar | The Peninsula
The mandatory hotel quarantine requirement for those coming to Qatar has improved the occupancy rate in hospitality sector. During the fourth quarter more people resumed travelling as due to fall in COVID-19 restrictions that resulted in easing of restrictions.
According to the Planning and Statistics Authority, the average hotel occupancy in 5 star hotel for fourth quarter of 2020 was around 49 percent while in Q4 Average Daily Rates (ADRs) and Revenue per Available Room were QR537 and QR263, respectively, noted a report released by Al-Asmakh Real Estate Development.
“Mandatory hotel quarantine upon return to Qatar for nationals and residents has slightly boosted the overall occupancy compared to previous quarter,” said Qatar Real Estate Q4, 2020 report released yesterday.
05 Apr 2021 - 8:48
The Peninsula
Doha: Qatar’s weekly property market has witnessed sales deals worth QR431.5m, where building sales have formed the chunk generating up to QR258m, or 59.8 percent of the total sales volume, while land lots generated up to QR173.4m, or about 40.1 percent of the total sales, according to Ezdan Real Estate report which was sponsored by Sak Partnerships Company.
The market activity from March 21-25 showed that the registered property sales were distributed among 7 municipalities including Umm Salal, Al Khor, Al Dhakhira, Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, and included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings, according to the data gleaned from the real estate bulletin released by the Real Estate Registration Department.
10 Mar 2021 - 8:55
The Peninsula
Doha: The weekly property market has witnessed sale deals worth QR469.9m, where residences sales have formed the chunk of property sale deals generating up to QR283.8m, or 60.4 percent of the total sales volume, while land plots generated up to QR186mn, or 39.6 percent of the total sales, according to Ezdan Real Estate report which was sponsored by Sak Partnerships Company.
During the period from 21-25 February 2021, the market activity showed that the registered property sales were distributed among 7 municipalities: Umm Salal, Al Khor, Al Dhakhira, Al Doha, Al Rayyan, Al Shamal, Al Daayen, and Al Wakra, and included the sales of vacant lands, residences, multi-use buildings, multi-use land lots and residential buildings, according to the data gleaned from the real estate bulletin released by the Real Estate Registration Department.