8 of the qatari portfolio projects at barwa real estate

10
8 of the Qatari Portfolio Projects at Barwa Real Estate EHSAN BAYAT

Upload: dr-ehsan-bayat

Post on 13-Apr-2017

183 views

Category:

Real Estate


0 download

TRANSCRIPT

Page 1: 8 of the Qatari Portfolio Projects at Barwa Real Estate

8 of the Qatari Portfolio Projects at Barwa Real EstateEHSAN BAYAT

Page 2: 8 of the Qatari Portfolio Projects at Barwa Real Estate

8 of the Qatari Portfolio Projects at Barwa Real Estate

Over the course of approximately nine months in 2015, the Qatar-based property developer Barwa Real Estate realized a 673-million-riyal surge in net profits (roughly $180 million USD) over performance numbers from 2014. Following this success, the firm held its annual general assembly with shareholders to discuss new goals and share its plans for continued growth in 2016.

At the gathering, Barwa board members announced a series of projects that the company aims to either complete or launch this year. Initial phases of the Madinat Al Mawater and the Mustawdaat projects will commence, and Barwa will develop a master plan for the Lusail Golf project. In addition to these new developments, multiple ongoing jobs will reach completion and existing ones, such as Barwa Village, will undergo extensions. Read on for more details on the Barwa Real Estate portfolio in Qatar.

Page 3: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa City

Designed to accommodate more than 25,000 people, Barwa City is a modern mixed-used residential development with nearly 6,000 two- and three-bedroom, as well as studio, apartment units. The community boasts the latest technological amenities, from satellite television to high-speed Wi-Fi connectivity. When completed, the community, which covers 1.35 million square meters, will also contain an assortment of commercial and municipal facilities. These include international education institutions, dining venues, and recreational centers.

Image courtesy Omar Chatriwala | Flickr

Page 4: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa Commercial Avenue

Located in the southern district of Doha, Barwa Commercial Avenue covers nearly a million square meters at an estimated cost of 6.5 billion Qatari riyals. The five zones of this mega civil project are marked by unique differences in design, and they feature a total of 850 residential units, 475 showrooms, 630 office spaces, and a shopping mall, among other properties.

Page 5: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa Village

Completed in 2020, Barwa Real Estate’s Barwa Village project quickly attracted attention from buyers and renters. The 18 complexes that comprise the village house nearly 1,000 retail units, 96 studio apartments, and 362 one- or two-bedroom apartments. Perfect for young families, Barwa Village contains a medical clinic, a shopping center, and a nursery school.

Page 6: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa Al Sadd

A multitower development, Barwa Al Sadd offers residents and guests high-end luxury living in the center of Doha City, close to the Doha Corniche and the Doha International Airport. Three office towers, one of which houses the headquarters of Barwa Real Estate and its subsidiaries, top a retail podium boasting refined brand-name shops. In addition, the development contains three residential buildings and a five-star hotel.

Image Courtesy Mohamod Fasil | Flickr

Page 7: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Masaken Mesaimeer and Masaken Al Sailiya

One of two housing projects created with affordability in mind, Masaken Mesaimeer opened in 2009. The gated residential development features multiple three-story apartment complexes with roughly 1,000 units. Masaken Mesaimeer also includes a young children’s center, a supermarket, and a mosque.

The companion development to Masaken Mesaimeer, Masaken Al Sailiya also holds nearly 1,000 residential units. In addition to the two- and three-bedroom apartments, the community offers comprehensive recreational amenities, such as a swimming pool and courts for tennis and basketball. A selection of restaurants and cafes complement multiple playgrounds, and residents also benefit from a free Wi-Fi area.

Page 8: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa Al Doha - Baraya

The Barwa Al Doha is one of the more ambitious projects that Barwa Real Estate has undertaken. The dramatically styled development houses a 2,800-vehicle car park and a multilevel shopping mall in the same structure that houses a five-star hotel and more than 70 serviced apartments. In addition, Barwa Al Doha contains multiple cinemas and restaurants, a spa, and a mosque.

Page 9: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Barwa Al Baraha

Spanning a plot of 1.8 million square meters, the Barwa Al Baraha workers’ city can house more than 50,000 laborers in its 64 buildings, and there are plans to add space for 10,000 more, thereby making it the largest laborers’ accommodation of its kind. The project also includes space for feature 49 car showrooms, auction facilities, and service centers.

Page 10: 8 of the Qatari Portfolio Projects at Barwa Real Estate

Oryx Island and the Gulf Resort

Oryx Island represents a considerable investment in tourism. The firm plans to build more than 200 private villas on the island, which will only allow electric vehicles and walking as the transportation modes to eliminate emissions and congestion. There will also be three five-star hotels, as well as several floating hotels. Guests at the proposed Tropical Health Club Hotel can rent yachts and sign up for tours of nearby islands.

For its Gulf Resort in Abu Samra, Barwa Real Estate aims to build three hotels in combination with a shopping mall and marina. The resort will offer breathtaking views of the Arabian Gulf, a waterpark, and an aquarium. In addition, guests can enjoy working out at the health club, go horseback riding, or take safari trips through the desert landscape.