Doha: Barwa Real Estate Group announced that its subsidiary Rawasi Real Estate Development Company signed a lease contract with the Supreme Committee for Delivery & Legacy, with a value of QR 217.62 million for the purpose of leasing all housing units in the "Madinatna" project (which is currently being developed by Rawasi Company in Al Wakra) for a period of 6 months starting from August 1, 2022.
The project contains 6,780 fully furnished apartments.
It is expected that this contract will contribute in increasing the company's operating income during the lease term.
Barwa Real Estate Company was established in 2005, and the company's capital is about QR 3.89 billion.
