One of the main strategies of Barwa Real Estate Group since its establishment has been to support the country's plans for national growth through expansion outside the city of Doha, and the reconstruction of various parts of Qatar to build communities and achieve sustainable development.
The development witnessed by Mesaieed in the field of fertiliser, petrochemical, iron, and steel production led to significant growth in all aspects of this city, which is associated with many major companies in the energy sector, such as Qatar Petroleum (QP) and Industries Qatar (IQ).
Barwa is keen to pursue various development projects in Mesaieed, including residential, commercial, and mixed-use, as these projects contributed to enhancing the social sustainability of the city, which is considered the industrial gateway to the State of Qatar in the south.
In terms of residential real estate projects, Barwa has developed ‘Mesaieed Villages’, which consists of six residential villages that serve the category of employees in the area. It provides a suitable and upscale residential environment for employees, characterised by special standards that meet their aspirations while maintaining a level that is consistent with the integrative vision of real estate projects in the country.
Mesaieed Villages was established in six phases. Currently, four residential villages are being operated, each providing 275 housing units for senior employees, 442 housing units for junior employees, and 1,733 housing units for the working class.
Each village offers integrated services and various recreational facilities, including dining halls, a supermarket, a playground, gyms, and a mosque. Together, they constitute a competitive element in line with Barwa's business plans that seek to provide residential environments with distinguished standards and meet the needs of its residents.
On the commercial component, Barwa worked on developing Dunes Mall, which is strategically located in the heart of Mesaieed City, near the Grand Mosque, and, through its modern design and integrated services, contributed to establishing its position as a leading shopping centre in one of the fastest growing cities in Qatar.
The mall offers 190 shops and 19 offices, a number of which include various bank branches, in addition to a hypermarket, ample parking, and other services.
Due to population growth, Barwa continued its efforts to enrich Mesaieed with a mixed-use real estate project by developing the Mesaieed Market in the heart of the industrial city, with all its buildings overlooking the main street, making it a distinctive landmark for the area, and providing all that shoppers need in one place.
Mesaieed Market offers three buildings consisting of a ground floor, a mezzanine, and three floors that contain several vital elements that include 108 shops, 70 offices, and 138 apartments, in addition to providing integrated service facilities, car parking, and many different services.
These projects have also contributed to strengthening the assets of Barwa’s real estate portfolio to meet the aspirations of shareholders. Waseef, a leading real estate, facilities, and asset management company and a subsidiary of Barwa Real Estate Group, markets and manages these projects.
The occupancy rate in Mesaieed Villages is more than 65%, while the occupancy rate of Dunes Mall is about 80%. Mesaieed Market reached 93% occupancy for apartments, 60% for shops, and 23% for offices.
Barwa Real Estate Group will continue its efforts to provide the real estate market with distinct and integrated projects that cover all regions of the country, support urban and community growth, and enable the group to continue its growth journey.
Today, Barwa holds 7.7mn sq m of land stock, in addition to 3.6mn sq m of operating construction space, and a balanced mix of diversified operating assets comprising 8,129 residential units, 335,981sq m of commercial and retail units, and 445,779sq m of workshops and warehouses.