Barwa Real Estate Group is planning to develop integrated cities for low and middle class segments as part of efforts to enhance its position as a strategic real estate developer.
The company is looking at vital areas for the construction of these projects in order to ensure benefiting from the advanced infrastructure of the highway network, different transportation services and the developmental and logistical projects in Qatar.
This comes in the wake of Barwa's keenness to improve the quality of life for low and middle income groups by providing high quality residential units at reasonable prices.
After completing the study for the low and middle class income residential projects, the group will take into consideration partnering with national companies for the implementation, according to Abdullah bin Jobara al-Rumaihi, acting chief executive of Barwa Real Estate Group.
The low- and middle-income groups enjoy a unique position in Barwa real estate investment portfolio.
The upcoming opportunities are a continuation of what the group has started long time back by developing Masaken Mesaimeer and Masaken Al Sailiya, which had contributed, at the time, to alleviating the impact of the housing crisis and limiting the rise in residential rental values caused by the "exceptional" situation imposed on the realty market in that era, as a result of the tremendous economic growth of Qatar.
“Barwa investment plans consolidate the principles of the strategic partnership between the group and the government of Qatar. Not only those projects will release real estate units into the market, they will first and foremost add a human dimension to Barwa footprint in the real estate market, creating a real difference in the lives of those individuals and for the entire community from a bigger perspective," said al-Rumaihi.
Barwa’s corporate strategy will ensure maximum leverage on its upcoming projects and investments, to meet customer needs in the long term, and enhance its position as a strategic real estate developer in Qatar.
"Barwa will continue developing pioneering residential cities and developmental projects which address the needs of the real estate market, create sustainable communities, as per the highest standards and specifications, and reflect the growth in population and in urban development in Qatar, all in line with the Qatar National Vision 2030," he added.
Bringing social and economic dimensions into the concepts of sustainability, Barwa group is keen to create a suitable living environment, by integrating its investments to include residential, commercial, logistical and educational institutions which embodies the true meaning of the sustainable cities.