By Ramesh Mathew/Staff Reporter
Barwa Real Estate Company is developing custom-made, free-hold apartments of varying sizes to suit the requirements of investors in its forthcoming upmarket residential projects in the Lusail Development area, north of Doha, the acting CEO of the company said yesterday.
Ahmed Abdullah al-Abdullah said the premium residential units that the company is developing in the mixed development zone would be ready for occupation in the first quarter of 2017.
Dara Apartments, numbering 231 units, would be spread over six blocks. The apartments would be available as single-bedroom, two-bedroom, three-bedroom and four-bedroom units.”
“Both citizens and expatriates could avail of the opportunity to investing in such ambitious projects as Dara located in the fast-developing zone Lusail,” said al-Abdullah.
According the acting CEO, the payment schedule for the buyers are being worked out and the inquiries on booking their properties could be made at the venue of the exhibition itself. There is also facility for spot booking.
The Barwa acting CEO said Dara Apartments are not located along the Lusail sea front and each of the units would have adequate greenery to suit the
requirements of its owners.
Work on the project is expected to start in less than two months and 60% of the price should be paid during the phase of their construction and the final payment should be made before they are handed over to the owners.
Inquires with the company officials found expatriates would be given 99-year lease on their properties.
The prices of each unit varies between QR10,000 and QR12,000sq m, depending on the facilities that they offer.
Al-Abdulla speaking at Cityscape 2014 yesterday.
