Barwa projects keeping pace with Mesaieed’s development
Barwa operates various residential, commercial and mixed-use projects for Mesaieed’s sustainable development
IN line with its commitment to support Qatar’s growth outside the city of Doha, the Barwa Real Estate Group has successfully completed and is working on several other projects to keep pace with Mesaieed’s growth.
Barwa is currently engaged in the reconstruction of various parts of Qatar in order to build communities and achieve sustainable development.
Various developments taking place in fertilizer, petrochemical, iron and steel production with the presence of major companies such as Qatar Petroleum and Industries Qatar have led to significant growth in all aspects of Mesaieed City.
To keep pace with Mesaieed’s development, Barwa was keen to launch various development projects in the city including residential, commercial and mixed-use, as these projects contributed to enhancing social sustainability.
In terms of residential real estate projects, Barwa Real Estate Group has developed ‘Mesaieed Villages’ that consists of six residential villages serving different categories of employees in Mesaieed and provide a suitable and upscale residential environment for them, 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 were 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 1,7 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.
In terms of 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 center in one of the most 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 the population growth in this vibrant city, Barwa continued its efforts to enrich Mesaieed with a mixed-use real estate project. It developed 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 floors that contain several vital elements that include 10 shops, 70 offices and 1 apartments, in addition to providing integrated service facilities, car parking, and many different services.
In addition to the goals achieved by these projects in their distinction and integration to keep pace with the community development in the city of Mesaieed, they have also contributed to strengthening the assets of Barwa 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 the Mesaieed villages is more than 65 percent. The occupancy rate of Dunes Mall is about 0 percent.
In Mesaieed market, it reached 9 percent for apartments, 60 percent for shops, and 2 percent 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,” the company said in a statement.
Today, Barwa holds 7.7 million square meters of land stock, in addition to .6 million square meters of operating construction space, and a balanced mix of diversified operating assets comprising ,129 residential units, 5,9 1 square meters of commercial and retail units and 445,779 square meters of workshops and warehouses.