Barwa to sell Dara residential units

June 02, 2014 - 6:48:47 am

DOHA: Barwa Real Estate Company yesterday announced its participation in ‘Cityscape Qatar 2014’ with a number of distinctive investment opportunities, starting with the sale of ‘Dara’ units, company’s first residential project open to foreign ownership, during the first day of the exhibition.

In a press statement, the company said that further information and design of Dara will be revealed in presence of HE Salah bin Ghanem Al Ali, Minister of Youth and Sports and Barwa Chairman, and Ahmad Abdulla Al Abdulla, Acting Group CEO of Barwa Real Estate.

Al Abdulla said: “We dedicate our efforts at the moment to support our distinguished real estate and investment projects, which include the start of selling and leasing of units as part of Dara and Barwa Al Baraha, among other opportunities which will be released throughout the year”.

He added: “Barwa’s achievements of last year and its success in maximising its profit and return on shares, reflects the group’s capacity to achieve objectives and overcome obstacles. We have a breaking record of achievements and we will continue providing real estate integrated solutions for our clients and best share return for our shareholders”.

During Cityscape Qatar 2014, Barwa will display models of Dara project which is situated in the north of the Fox Hills area in Lusail City. Barwa commits to completing Dara within three years, the timeline of the project completion, to develop it into an integrated multi-use development, extending over 147,401 square meters, offering more than 1,000 residential units divided between 56 buildings. Units vary from one bedroom, two bedroom, three bedroom and penthouse “duplex”. Barwa will also display the units of Barwa Al Baraha for leasing. Upon completion, Barwa Al Baraha will be offering a total of 9,872 rooms as accommodation for 53,000 workers.

Till date, Barwa constructed lands inside and outside Qatar that measure 4,426,420 square meters. it released in the market over 13,568 units varying between residential and commercial, 5,979 of which are residential units in Barwa City, over 1,994 residential units in Masaken Mesaimeer and Al Sailiya and 1,381 commercial and residential units in Barwa Village, in addition to Barwa Al Sadd which provides three towers, a hotel, 261 apartment and 10 commercial units, adding as well the units which Barwa Al Baraha offer. The Peninsula