Barwa Al Sadd, Al Aqaria Tower offer real estate solutions

 27 Sep 2021 – 9:27

Barwa Al Sadd, Al Aqaria Tower offer real estate solutions

A view of the Barwa Al Sadd

Doha: Barwa Real Estate Group, with its proven track record of contributing to the advancement of the real estate sector in Qatar through its commercial and mixed-use projects, presents the Barwa Al Sadd and Al Aqaria Tower.  

To date, Barwa has opened commercial and administrative spaces in strategic locations to provide its users with high quality service at competitive prices. Such projects offer housing solutions with luxurious experience that meet the aspirations of the business sector as well as the needs and requirements of the residents. These efforts are reflected in Barwa Al Sadd and Al Aqaria Tower projects. 

The Barwa Al Sadd, which was built in a strategic area in the heart of Doha, is a mixed-use development covering an area of 27,654sqm.

The project consists of three office towers, including two towers with 21 floors and another with 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 apartment buildings, towering 11 floors high (Ground + 10 floors), along with a basement for car parking. These buildings provide the residents with a unique living experience since they are mixed with the components of the project, which include retail stores, restaurants, recreational, sports and hospitality facilities. In addition to 261 apartments, 129 of which consist of two bedrooms and 132 consist of three bedrooms.

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The project also includes a three-storey recreational centre that provides amenities and recreation, gyms and entertainment halls, as well as two multi-use halls. All of this aims to serve the residents of the compound and those living nearby and seek to meet their recreational needs inside the compound.

Moreover, Barwa Al Sadd incorporates a multi-storey parking that serves the visitors of Al Sadd Towers by accommodating more than 1,700 cars in the basements under the towers, under the apartment buildings, and in the project yards.

In 2008, Al Aqaria Tower was completely developed with a very attractive design in a strategic location on Museum Street in Salatah area overlooking Doha Corniche and close to vital facilities. It represents an added value to the real estate market in the strategic location, reflecting its objectives of providing office spaces that meet the requirements of the business sector.

The Tower consists of 14 floors, ground floor, mezzanine and two parking basements. It contains furnished and unfurnished administrative offices of various sizes. The tower 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 and a leading Asset, Property and Facility Management company, is in charge of managing Barwa Al Sadd and Al Aqaria Tower projects. The two developments are important profit-generating projects 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.

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As for the occupancy rates in Barwa Al Sadd, all housing units and two of the three office towers have now been leased on the project. While the occupancy rate of Al Aqaria Tower is 62 percent. 

Barwa Group has a balanced mix of operational assets that vary between residential, commercial, industrial, logistical and multi-purpose assets. The build-up area in operation for the projects is 3.6 million sqm, with about 34 percent dedicated to the residential sector, including 8,129 housing units.

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