Barwa Real Estate Group’s Barwa Al Sadd and Al Aqaria Tower projects have contributed to offering housing solutions that provided its residents with a luxurious housing experience and lifestyle that meet all requirements and needs.
The 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.
Barwa Al Sadd project, which was strategically built in the heart of Doha, is a mixed-use development covering an area of 27,654sqm. The project consists of three office towers, two of which have 21 floors, while the third has 18 floors, and a five-star hotel with 232 rooms and suites. Centred 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 11-floor apartment buildings, 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 centre with amenities and recreation, gyms, and entertainment halls, as well as two multi-use halls to serve residents and those living nearby.
Barwa Al Sadd project also incorporates a multi-storey basement parking that serves the visitors of Al Sadd Towers, which can accommodate more than 1,700 cars.
In 2008, Al Aqaria Tower was completely developed with an attractive design in a strategic location on Museum Street in the Salatah area overlooking Doha Corniche and close to key facilities. It represents an added value to the area’s real estate market by providing office spaces for the business sector.
The tower consists of 14 floors, ground floor, mezzanine, and two basement parking. It contains furnished and unfurnished administrative offices of various sizes. It 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 the business sector, along with security and maintenance services.
Waseef, a subsidiary of Barwa Real Estate Group, is in charge of managing Barwa Al Sadd and Al Aqaria Tower projects. Both projects are important profit-generating assets 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.
On occupancy rates in Barwa Al Sadd project, all housing units and two of the three office towers have now been leased. 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 built-up area in operation for projects is 3.6mn sqm, of which 34% is for the residential sector, including 8,129 housing units.