Analyzing Qatar's Real Estate Performance in January | Kanebridge News
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Analyzing Qatar’s Real Estate Performance in January

Tue, Feb 20, 2024 5:00pmGrey Clock < 1 min

The trading volume in Qatar’s real estate sector reached QR 1,919,640,254 in January, as reported by the Real Estate Registration Department at the Ministry of Justice. The month saw a total of 362 real estate transactions. When compared to December 2023, there was a 10% increase in the real estate sold and a 21% rise in the traded areas.

The municipalities of Doha, Al Rayyan, and Al Dhaayen were the most financially active in January’s real estate transactions, followed by Al Wakrah, Umm Salal, Al Shamal, Al Khor, and Al Dhakira. The financial values of transactions were notably high in Doha at QR 1,182,738,449, Al Rayyan at QR 380,869,371, and Al Dhaayen at QR 135,673,354, with other municipalities also showing significant trading values.

Doha, Al Rayyan, and Al Wakrah led in terms of traded real estate spaces, with respective percentages of 36, 30, and 12% of the total traded spaces. The transaction activity in terms of the number of sold properties saw Doha leading with 33%, followed by Al Rayyan at 22%, and Al Dhaayen at 15%.

The average prices per square foot in January varied across municipalities, with the highest ranges in Doha (546-913) and the lowest in Al Shamal (158-280). The month’s trading volume highlighted the sale of 10 properties, predominantly in Doha, with 9 properties sold, and one in Al Rayyan.

Mortgage transactions in January reached 122, totaling QR 3,646,432,760 in value. Al Rayyan saw the highest number of mortgage transactions, making up 30.3% of the total. The value of mortgages was highest in Al Rayyan, totaling QR 2,664,345,287, while Al Khor and Al Dhakira recorded the lowest mortgage value.

The trading of residential units involved 73 transactions, with a combined value of QR 158,720,127.


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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.



Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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