Doha, ... September 2021
Thanks to its far-reaching experience and deep knowledge of the real estate market, Barwa Real Estate Group has built a proven track record, and has consistently developed commercial and mixed-use projects that contributed to the advancement of the real estate sector in Qatar, and has provided commercial and administrative spaces in strategic locations to meet the aspirations of all users, at competitive prices and high quality. In addition, such projects contributed to offering housing solutions that provided its residents with a luxurious housing experience and lifestyle that meet all requirements and needs. These efforts are reflected in Barwa Al-Sadd and Al Aqaria Tower projects.
Barwa Al Sadd
Barwa Al Sadd project, which was built in a strategic area in the heart of Doha, is a mixed-use development covering an area of 27,654 square meters.
The project consists of three office towers, two of 21 floors and the third of 18 floors, and a five-star hotel with 232 rooms and suites. Centered amidst the three towers is a three-level podium-like building, with the first two floors reserved for retail outlets, restaurants and cafes and the third floor expected to house office spaces.
The project also includes three apartment buildings, towering 11 floors high (Ground + 10 floors), along with a basement for car parking. These buildings provide their residents with a unique living experience since they are mixed with the components of the project, which include many retail stores, restaurants, recreational, sports and hospitality facilities, and contains 261 apartments, 129 of which consist of two bedrooms and 132 consist of three bedrooms.
The project also includes a three-storey recreational center that provides amenities and recreation, gyms and entertainment halls, as well as two multi-use halls. All of this aims to serve the residents of the compound and those living nearby and want to meet their recreational needs and desires inside the compound.
Moreover, Barwa Al-Sadd project also incorporates a multi-storey parking that serves the visitors of Al Sadd Towers by accommodating more than 1,700 cars in the basements under the towers, under the apartment buildings, and in the project yards.
Al Aqaria Tower
In 2008, Al Aqaria Tower was completely developed with a very attractive design in a strategic location on Museum St. in Salatah area overlooking Doha Corniche and close to vital facilities. It represents an added value to the real estate market in this vital area, reflecting its objectives of providing office spaces that meet the requirements of business sector.
The Tower consists of 14 floors, ground floor, mezzanine and two parking basements. It contains furnished and unfurnished administrative offices of various sizes. The tower accommodates branches of financial institutions and banks operating in the country, as well as the headquarters of the most important companies operating in Qatar in various fields. The Tower also provides all around-the-clock services needed by customers of business sector, along with security and maintenance services.
Occupancy rates and rental values that satisfy all segments
Waseef, a subsidiary of Barwa Real Estate Group and a leading Asset, Property and Facility Management company, is in charge of managing Barwa Al Sadd and Al Aqaria Tower projects. The two developments are important profit-generating projects for the group and contribute to strengthening shareholders’ rights and achieving balance for the group’s asset portfolio. The rental values offered in these two projects satisfy all segments and keep pace with the current prices in Qatar, in order to ensure fair competition between real estate companies in Qatar. Waseef provides various, multiple and integrated services in these two projects to meet the requirements of users, visitors and residents.
As for the occupancy rates in Barwa Al Sadd project, all housing units and two of the three office towers have now been leased on the project. The occupancy rate of Al Aqaria Tower is 62%.
Today, Barwa Group has a balanced mix of operational assets that vary between residential, commercial, industrial, logistical and multi-purpose assets. The build-up area in operation for projects is 3.6 million square meters, of which 34 % is for the residential sector, including 8,129 housing units.