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Posted On: 17 September 2009 12:39 pm
Updated On: 12 November 2020 02:10 pm

93pc of flats booked in Barwa Village

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Barwa Real Estate Company says 93 percent of its two-room apartments in the upcoming Brawa Village in Al Wakra are booked, while 44 percent of its commercial properties also have confirmed takers by now. The company says single workers in middle-income categories are now welcome to apply for its residential-cum-commercial project in Al Wakra. The company has also decided to give a grace period of three months for the rent on commercial property and of one month for residential apartments and studio property. The facilities in the development project have reached 85 percent completion, and shop owners can coordinate with the primary contractor to perform interior decoration for their shops starting November. The company said the rents will be as follows: Commercial shops with space of 84sqm will be rented at QR10,700. Residential studios with space of 48sqm will be rented at QR2,500; One-bedroom apartments of 96sqm will be rented at QR3,000, and two-bedroom apartments with space of 144sqm will be rented at QR4,500. Ninety-three percent of the one and two-bedroom apartments have been booked so far, whereas only 44 percent of the commercial properties have been booked. The official stated that the booking will be open till November 30, and that the handing over of the properties will take place in the first quarter of next year. Barwa has received over 3,000 inquiries so far for both residential and commercial properties, and 750 residential and commercial units have been booked. Barwa Village is developed on a space of 400,000 sqm at an overall cost of QR1.5bn, and will be home to more than 1,500 residents. The development aims to be a multipurpose community offering its residents all the necessary amenities and facilities. From an environmental perspective, the development has 30 percent of its land earmarked to be developed as parks and green land to reduce carbon emissions. The development will include shopping complexes, a school, primary school, a sports complex, and a medical clinic.