Economy & Business Monday, October 26, 2020 11 Barwa launches QR5 bn residential projects for families and workers in Al Wakra City

The Madinatna project will offer 6,780 two- and The Barahat Al Janoub project near Al Wakra Central Market will feature 1,404 three-BHK apartments for families in Umm Besher units comprising 16,848 rooms that can house up to four workers in each room

Tribune News Network Doha In numbers

The Barwa Real Estate (BRE) on Sunday launched two resi- 1.141 mn dential projects — one for fam- ilies and the other for workers the area of Barwa Real — worth more than QR5 bil- Estate’s Madinatna lion in the heart of Al Wakra residential project for City. families in Um Besher, in The company has signed a deal with UrbaCon Trading square metres and Contracting (UCC) for the construction for the projects, named ‘Madinatna’ for fami- 773,457 lies and ‘Barahat Al Janoub’ for workers. the area of Barwa Real The construction works Estate’s Madinatnaresi- for the projects were launched dential project for work- on Sunday at the site of Ma- ers near Al Wakra Central dinatna, in the presence of Market on Mesaieed Minister of Culture and Sports and Chairman of Barwa Real Road, in square metres Estate HE Salah bin Ghanem Al Ali, Secretary-General of Supreme Committee for De- The project is located next livery and Legacy Hassan Al to Al Wakra Central Market Thawadi and Public Works on Mesaieed Road, and is dis- Authority (Ashghal) President tinguished by its proximity to Dr Eng Saad bin Ahmad Al important developmental pro- Muhannadi. jects and sustainable facilities Several senior officials at- such as Al Wakrah Logistics tended the event, including District, Umm Al Houl Free Barwa Board members as well Zone, Hamad Port, and Hamad as UCC Chairman Motaz Al International Airport, in addi- Khayyat and Managing Direc- Minister of Culture and Sports and Chairman of Barwa Real Estate HE Salah bin Ghanem Al Ali, Secretary-General of Supreme Committee for Delivery and Legacy Hassan Al tion to its proximity to sports tor Ramez Al Khayyat. Thawadi and Public Works Authority (Ashghal) President Dr Eng Saad bin Ahmad Al Muhannadi take a tour of a mock-up of the ‘Madinatna’ development, which is part of the two facilities in Al Wakrah City. BRE’s Acting Group CEO residential projects Barwa has launched in Al Wakra. Moreover, Barahat Al Abdulla bin Jobara Al Romaihi Janoub is connected to the and UCC Managing Direc- highway network which adds tor Ramez Al Khayyat signed value to this the distinctive lo- the contract, in the presence cation of the project and pro- of UCC Chairman Moutaz Al vides extra privilege for compa- Khayyat. nies looking to accommodate Following the agreement their workers in an integrated signing, HE Ghanim Al Ali, city. Thawadi, and Muhannadi Commenting on the pro- took a tour of a furnished flat jects, Barwa Group CEO Ab- mock-up in the ‘Madinatna’ dulla bin Jobara Al Romaihi project. said, “Madinatna and Barahat ‘Madinatna’ and ‘Barahat Al Janoub will provide residen- Al Janoub’ projects highlight tial communities with designs Barwa’s commitment to add- inspired by traditional Qatari ing a human dimension to its architecture and equipped with real estate projects, the minis- the latest smart city technolo- ter said. gies. “These modern, sustaina- Madinatna ble residential cities developed Barwa’s residential pro- Officials of Barwa Real Estate and UrbaCon Trading and Contracting during the launch of An artist’s impressions of the Madinatna and Barahat Al Janoub projects by Barwa will provide innova- ject for families will be cover two residential projects in Al Wakra tive solutions and services to 1.141 million square metres different segments of the Qa- and promise to provide high- apartments, with a capacity to the area to the southern re- Metro Station, the Free Zones Hospital and all recreational homes with courtyards. It will tari community, with residen- quality living standards and accommodate approximately gions, Industrial Area and the Metro Station and a number of facilities in Al Wakrah City, feature 1,404 units in various tial environments that meet the various integrated facilities of 27,000 persons. highways including Al Majd public bus service lines add to including the beaches and the multi-stories buildings (G+2), highest standards and specifi- modern cities. The project will also feature and Sabah Al Ahmad Corridor. its advantages. parks, lie in close proximity to equipped with smart city tech- cations, required by the local The Madinatna plan fea- various amenities, including The location also provides The project site is also lo- the project location. nology, offering 16,848 rooms market for residential housing tures multi-storeyed resi- a hypermarket, retail stores, easy access to Ras Bou Aboud cated close to the Al Thumama each accommodating up to and maximising shareholders’ dential buildings (G+4 and mosques and other public util- Street, Corniche and Doha Stadium and the Al Janoub Barahat Al Janoub four persons. returns.” G+4+penthouse), with de- ity services, bringing the total City, via the Sabah Al Ahmad Stadium, which will host some This residential project of Barahar Al Janoub will ac- Ramez Al Khayyat, Man- signs inspired by the tradi- built-up area to approximately Corridor. of the FIFA World Cup 2022 Barwa seeks to provide a fully- commodate approximately aging Director of UCC, ex- tional Qatari architecture and 1.035 million square metres. It also provides easy access matches. integrated city for workers in 67,360 workers, providing pressed his gratitude to Barwa equipped with the latest smart The strategic location to the Hamad International The retail outlets and other Al Wakrah City, following the residents with various service on the confidence put in UCC city technologies. of Madinatna in Al Wakra’s Airport via the Umm Lekhba services in Barwa Village will highest international stand- facilities such as hypermarkets, and confirmed the company’s Madinatna will offer 6,780 Umm Besher will benefit users Intersection on Al Shamal also serve the project due to ards. retail stores, mosques and oth- dedication towards executing apartments, of which 2,040 significantly in terms of con- Road. the close location of the two The project extends over er public services, bringing the this project on time and with are two-bedroom apartments, nectivity as it is located on the Moreover, the proximity cities. Mesaimeer City, Ma- 773,457 square metres, with total built-up area to approxi- the highest safety and quality and 4,740 three-bedroom G-Ring Road, which connects of Madinatna to the Al Wakra saken Mesaimeer, Al Wakra a design inspired by Arab mately 750,742 square meters. standards. First batch of licensed Qatari real estate brokers take oath Amazon wins arbitration become partners in the real hasn’t declared bankruptcy by First step towards keeping unlicensed estate renaissance. a final judgement. order against Future’s Al Suwaidi said the batch Al Suwaidi expressed the agents out of real estate brokerage business received the licence after com- hope that the efforts of the pleting the regulatory proce- Ministry of Justice, in coop- deal with Reliance QNA the Ministry of Justice and dures specified in accordance eration with the ministries Agencies that include a right of first re- Doha Head of the Real Estate Bro- with the provisions of the Accountability and agencies related to the fusal and a non-compete-like kers Affairs Committee, em- law, which include interview- real estate sector, represented A Singapore arbitration pan- pact, media had reported, and In a first step towards prevent- phasised the importance of ing applicants for the profes- The licensing of this batch by the Real Estate Brokers Af- el has put on hold Future Amazon later started arbitra- ing unlicensed agents from licensing the batch as the first sion, inspecting their offices comes within the framework fairs Committee, would con- Group’s $3.38 billion asset tion proceedings in Singa- practicing real estate busi- batch of Qatari real estate bro- and ensuring that they com- of the implementation tribute to the establishment sale to Reliance Industries, pore. ness in Qatar and pushing the kers licensed under the provi- ply with the requirements of procedures of the provisions of leading Qatari real estate an interim win for Amazon. “It’s a comprehensive vic- real estate brokerage business sions of Law No 22 of 2017 practicing the profession, and of the law and pushing the brokerage companies not only com Inc which had alleged the tory for Amazon,” a source towards an organised legal regulating real estate broker- participating in specialised real estate brokerage at the local level but also at the deal between the Indian firms with direct knowledge of the environment, the first batch age. training courses at the Center business towards an regional and global levels. breached some existing agree- decision said. “They’ve won an of licensed Qatari real estate He said this step comes for Legal and Judicial Stud- organised legal environment The Real Estate Broker- ments. injunction to stop the deal.” brokers took the legal oath on within the framework of the ies. He said more than 67 real prepared to keep pace with age Department has started Amazon received an emer- Two sources familiar with Sunday before the Real Estate efforts of the Ministry of Jus- estate brokers have benefited organising specialized courses gency order to halt the compa- the matter said that the tem- Brokers Affairs Committee at tice based on the direction of from it. the urban renaissance for brokers applying to prac- nies from proceeding with the porary injunction was not au- the Ministry of Justice. Minister of Justice and Minis- The real estate brokers witnessed by the country. tice the profession. deal until an arbitration tribu- tomatically enforceable in In- The licensing of this batch ter of State for the Council of who have been licenced have The department called on nal is formed, a source with dia and that the order would comes within the framework Ministers Affairs HE Dr Issa fulfiled all the conditions re- kerage business. experienced Qataris work- direct knowledge of the matter have to be ratified by an In- of the implementation pro- bin Saad Al Jafali Al Nuaimi quired to be met by the real He pointed out that for the ing in the real estate sector told Reuters. dian court. cedures of the provisions of to reorganise the real estate estate broker -- whether they legal person, it is a condition to hurry to register to com- Amazon last year bought a In a statement, Amazon the law and pushing the real brokerage profession in a way are natural or legal persons as that it be a company in accord- plete the licensing and ap- 49% stake in Future Coupons said it welcomed the award of estate brokerage business to- that serves the national econ- controls have been set for li- ance with the provisions of proval procedures to practice Ltd, which owns a 7.3% stake the emergency arbitrator. wards an organised legal en- omy, develop the mechanisms censing, for a natural person, the law regulating commercial the profession of real estate in Future Retail. In August, “We are grateful for the or- vironment prepared to keep of work in the real estate mar- to be a Qatari national, fully companies, its main purpose brokerage. Mukesh Ambani’s Reliance der which grants all the reliefs pace with the urban renais- ket, and follow up the work the qualified, good reputation, he is to engage in real estate bro- The ministry noted that decided to buy retail, whole- that were sought. We remain sance witnessed by the coun- Real Estate Brokers Affairs should not have had a final kerage business, and that the the registration for real estate sale and some other busi- committed to an expeditious try. Committee to educate Qatari judgment or decision cance- share of the Qatari partner or brokers is still open to all com- nesses of the Future Group in conclusion of the arbitration Saeed Abdullah Al Suwai- office-owners and brokers in ling the licence, and that he partners in it is not less than panies and individuals wish- a deal valued at $3.38 billion, process,” Amazon added. di, Assistant Undersecretary the brokerage profession, and has an appropriate headquar- 51 percent of its capital, the ing to practice the profession including debt. Future Group and Reli- for Real Estate Registration maximise the benefit of Qatari ters in the country designated company’s main headquarters of real estate brokerage via the But Amazon’s investment ance were not immediately and Authentication Affairs at real estate brokers who will for practicing real estate bro- in the state, and the company Ministry of Justice website. came with contractual rights reachable for comment.