Is Zakat obligatory on a borrowed sum of 74,500 Dinars, which was compensated with a share in a house, and the property was sold a year and a half after the borrowing?

Zakat is not obligatory on a house or real estate designated for dwelling because it is among the essential necessities and is not considered growing wealth, unless one intends it for trade. This is based on the Prophet's (peace be upon him) saying: "There is no charity (Zakat) due on a Muslim for his slave or his horse." This encompasses all personal use possessions. However, if the real estate is sold and its price reaches the nisab (threshold) and a year passes on it, then Zakat becomes obligatory on it at a rate of 2.5%.