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00:00 So, viewers, how is the real estate market in Qatar during the first quarter of this year?
00:07 We will explain in one of the data issued by the Central Bank of Qatar in the index of the real estate market.
00:13 First, we will talk about the total profits of the real estate market for companies listed in the Qatar market.
00:19 There are 2.7% returns, which reach around 413 million Riyals as a result of the returns in revenues.
00:28 But if we talk about real estate companies, we will start with Barwa.
00:33 There was a growth in profits during the first quarter of this year, which was around 21%.
00:40 This was supported by unrepeated profits as a result of the sale of real estate and the revenue.
00:46 We also noticed a growth in the results of the company of SDAN, which was 5% during the first quarter.
00:52 It was also supported by the return on expenses and the cost of financing.
00:55 As for the United Nations Development Fund, there was a sale pressure of 18% as a result of the return on operating revenues of 16%.
01:05 Moving on to Mazaya, there was also a pressure on the results of its work at 31% in the first quarter.
01:11 As a result, it recorded more than 7 million Riyals.
01:14 There was a return on unoperated revenues of more than 60%.
01:18 Moving on to the financial center today for real estate companies.
01:22 We notice that the total assets in the real estate sector had a return of 19%.
01:29 But the total rights of the contributors of 16% exceeded 67 billion Riyals during this period.
01:38 If we talk about the real estate sector in Qatar, we notice that it is in the shadow of the huge amount of money we have seen on this sector
01:45 from the revenues in the real estate units during the world period, but the correctional processes that we have seen during the first quarter of this year
01:53 compared to the fourth quarter of last year, we notice that there were some adjustments related to the evaluation of real estate prices and even the operating values.
02:04 We also notice a return on distribution for the real estate sector in Qatar by 2.4%.
02:13 The value of the book is doubled by 0.5 times, in addition to the profit at 21.6 times.
02:23 Moving on to some things related to real estate loans and real estate deposits today.
02:29 We notice that the most prominent real estate prices had a return during this quarter compared to the previous quarter in 2024.
02:37 The returns were 4.8%.
02:43 Real estate transactions had 3.4% returns, in addition to the real estate deposits of 6.3%.
02:52 Several factors have been affected during this period.
02:54 We are still facing an increase in interest rates in the lending processes.
02:59 Some units are now more common in the real estate markets in Qatar, which has also affected the prices.
03:10 Some of the main news is from the credit rating agencies, which have said that the Qatari banks are exposed to the risks of inflation.
03:19 There is a weakness in the performance of loans in real estate sectors.
03:29 The real estate sector in Qatar represents 5% of the loans in the Qatari banks.
03:32 The agency expected that the interest rates would rise by 3.5% in 2024.
03:39 The real estate sector also has more than 400,000 units in the Qatari market.
03:49 One of the most prominent events is the decision of the foreign ownership, which had a clear effect in the acquisition of a small part of the real estate in the markets.
04:01 This is in addition to the last decision related to the establishment of the General Assembly to organize the real estate sector.
04:08 you.