In a unique initiative, the Barwa Real Estate Company is offering houses and shops for those who have been displaced in the demolition drive in the city.
Ghanim bin Saad Al Saad, Barwa’s chairman and managing director said yesterday that people who would be affected by the anticipated demolitions in the Mushairib street will get priority while renting out space in its new mega commercial cum residential project, the Barwa Village being set up in Wakra.
“We understand that the area stretching from Shara Kahraba up to Mohammed bin Jassim street (opposite Mecure Hotel) will be demolished next year. A number of residents as well as shopkeepers in this area will be forced to find new places. So we have decided to give preference to these people while allotting houses and shops in our new building project,” said Al Saad, while addressing a press conference yesterday.
He said the decision was taken after a study conducted by the company about this area.
“The company as well as the public will benefit from this initiative. We hope other companies will also launch similar projects to address the shortage of residential and commercial space being created by the demolitions,” he added. The QR1.5bn Barwa Village project offers commercial and residential units targeting a total of 13,000 occupants, said Al Saad. It provides a mix of apartment lifestyle options- 96 studios, 262 one bedroom and 100 two-bedroom apartments, in addition to 918 retail shops. An international school for 900 students, nursery, park, playground, mosque and shopping complex are some of the additional facilities.
“ Through this project, we are targeting the middle-income segment,” said Al Saad. The officials, however, didn’t disclose the expected rents for the facilities, which they said, will be announced later. The new project comes close on the heels of the low-rent housing project of Barwa which is nearing completion.
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