Doha: Real estate major Barwa Real Estate will complete Dara Project within three years.
“This year, Barwa will release for the first time investment opportunities to buy residential units within Dara project, this is a new move for Barwa, which usually releases units for leasing or sells complete projects to big investors. The group is committed to completing Dara within three years,” said the Minister of Youth and Barwa Chairman H E Salah bin Ghanem Al Ali. “The units will be released at reasonable prices compared to the high standard applied, as Dara will offer high-end residential units for prices similar to those of medium-end units in the market. I believe that small investors will find in Dara opportunities specifically made for their convenience,” the Minister said.
Ahmad Abdulla Ali Al Abdulla Acting CEO of the group, said the Dara project has six buildings having 231 residential units. The project has one-, two-, and three-bedroom units and four-bedroom duplexes. He said the units are open to Qataris and non-Qataris. He said he expected demand in real estate market to remain firm in the near future. “There is huge demand for real estate and there will be demand of 25,000 units until 2022,” Abdulla said, adding demand would continue to outpace supply in Qatar in the near future and Barwa Real Estate is ready to meet demand.
The Peninsula
