Ezdan Real Estate will launch over 4,000 residential units in 2022
Doha: Ezdan Real Estate Company will launch over 4,000 residential units by the end of this year. Spread over eight residential complexes in Al Wakra and Al Wukair, these units will boost the housing supply in Qatar’s property market.
“We have already released 500 units of these 4,250 units in the past two months, and they have been fully occupied by domestic and international companies,” said Hani Dabash, deputy general manager of Ezdan Holding Group at the conference. press held at Ezdan Hotel – West Bay Towers.
He added that there is a strong demand for residential units which prompted the company to launch these new units. About the price of these units, he said the rents will be decided according to the supply and demand situation in the market. The launch of these units, which include apartments of various sizes and villas, will trigger a boom in the real estate market by adding a high-quality real estate product to competitive rentals that meet the growing demand for properties.
Ezdan Holding Group owns approximately 32,000 multi-purpose units across Qatar.
Talking about the latest project developed by Ezdan, the residential complex “Murooj Al Wakra”, he said that it offers integrated services, modern furnishings and all means of comfort.
“We consider the Murooj Al Wakra complex a complete success to add to the list of achievements of Ezdan Real Estate Company, but it marks a new chapter in the history of the company. This corresponds to the announcement of the plans for the company to launch a series of completely modern residential complexes, which will introduce more than 4,000 residential units to the market, by the end of this year at the latest,” Dabash said.
Hani Dabash, Deputy Managing Director of Ezdan Holding Group, addressing the press conference held at Ezdan Hotel – West Bay Towers. Peak Rajan Vadakkemuriyil
The project has over 187 residential units of a very unique quality, in a vital location in Al Wakra, in addition to a reliable service package including high quality furniture, playground and playgrounds for children, gymnasiums and a swimming pool, as well as with a number of shops and a supermarket.
The Murooj Al Wakrah complex comprises approximately 126 fully furnished two-bedroom apartments, 61 four-bedroom villas, bathrooms, kitchen and backyard, as well as three shops and a supermarket.
He said one of the complexes recently opened by Ezdan Real Estate Company is ‘Hayat Al Wakra’, which consists of 294 units, including 287 fully furnished residential units, varying between apartments and villas, and it has already been fully let. to one of the leading companies operating in Qatar.
Commenting on the new project, Dabash said: “Our choice of the name ‘Murooj’ in Arabic denotes our belief in the importance of our concern for the environment and our desire to include green spaces in our new properties, giving our compounds a new dimension that gives all its residents comfort, tranquility and optimism.We have worked to consolidate this trend by providing services that add luxury to residents, such as gyms, swimming pools, billiards and meeting rooms. squash, in addition to saunas and steam baths.
Ezdan Group Deputy CEO reiterated that Ezdan Real Estate is focused on improving and developing its services continuously and in a timely manner. In keeping with this commitment, the company unveiled an integrated time-bound program for the full development of a large number of villages and residential complexes during the current year, which involved 37 residential villages, with a number total units exceeding 15,000 units, in five phases.
“We have developed a holistic plan, which aims to satisfy our clients, and we have carried out a complete reassessment of all properties affiliated with Ezdan Real Estate Company to determine the condition of all residential units and their requirements between the developments of construction, furniture, electrical appliances, air conditioners, etc.
“As part of these relentless efforts, we have launched the plan, which is being implemented in successive phases, aiming to cover up to 17 residential compounds and villages during the current year. We expect to reap the first positive results of the development process soon, with the announcement of the completion of operations in one of our compounds,” he said. Renovated villages include residential villages in Al Wakra and Al Wukair and buildings in Doha. Development operations include replacing floors, painting walls and carrying out integrated building maintenance operations, in addition to replacing most of the furniture, electrical appliances and air conditioners in the mentioned residential units.
Ezdan Real Estate Company had recently announced that the occupancy rate of residential units in all phases that have been opened within Ezdan Oasis exceeded 90% in 2021, signaling remarkable success. The number of inhabitants in Ezdan Oasis exceeds more than 18,000 people.