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For Qatari residents: Do you prefer a summer or winter World Cup 2022?

Barwa at CityScape Qatar: Meeting clients.Meeting demand

Written by  Author |   Fri, 11 July 2014 12:12

During its fourth participation at Cityscape Qatar this year, Barwa Real Estate Company signed a number of agreements and completed all bookings for its freehold project 'Dara' in Fox Hill, Lusail City. ‘Dara' was first announced in 2006 and was re-launched at Cityscape Qatar 2013, but sales of the units got underway this year. Barwa also started selling units at its Barwa Al Baraha scheme offering worker accommodations by building 9,872 rooms with bed space for up to 53,000 workers.

"This is our fourth time participating in Cityscape Qatar," said Eng. Ahmad Al Abdulla, Barwa's acting CEO. "This exhibition is one of the major real estate events in the country. We participate to ensure and update our investors and customers about the progress of the ongoing construction work and announce new initiatives. Cityscape gives us the opportunity to showcase all our products as well as meet investors, clients and potential customers in one location and in rapid motion," added Eng. Al Abdulla. 
During the announcement of Dara unit sales in Fox Hills, Al Abdulla said: "Barwa's Fox Hill residential project in Lusail includes 230 units of different sizes. Construction will start soon and the first units will be delivered starting Q1 2017." Fox Hill comprises 53 buildings totaling 1,000 residential units to be constructed in phases and will include all the services and amenities that residents and visitors look for such as hotels, restaurants, parks and kids' playgrounds. The first phase  starts with 6 buildings. "We will construct them one at a time. After selling the first building we will start construction on the second and so on. We have priced the units at QR12,000/m2 for the net area," Al Abdulla said.

Talking about the increase of residential property in Qatar, Al Abdulla quoted a figure announced by the Ministry of Economy and Trade that Qatar needs 25,000 residential units. "Infrastructure works and residential demand in Qatar are developing simultaneously," said Al Abdulla. Demand for residential property in Qatar is growing due to population increase. Infrastructure works are moving at a fast pace and the demand for housing is increasing accordingly as many specialized companies are arriving to Qatar with their employees coupled with huge infrastructure projects requiring additional labor. "All these people need accommodations," he added

On the other hand, Barwa signed a contract with CRC Dorra (Construction & Reconstruction Engineering Company) to conduct the construction works for package 2 of the second phase of Barwa Al Baraha project, Barwa's largest development being built to accommodate workers in Qatar.

According to the signed agreement, the contractor will build the elements of package 2 which consists of 32 buildings of G+ 3 floors, with each building to contain 130 rooms, as package 2 will accommodate 24,000 workers. This is in addition to constructing 4 dining halls, 2 playgrounds, 2 mosques, as well as restaurants and utility shops. Upon completion, the project will release 9,872 rooms for 53,000 workers and professionals.

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October / 10 / 2014
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