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Posted On: 10 January 2010 04:44 pm
Updated On: 12 November 2020 02:10 pm

Majority unhappy with Barwa rents

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A majority of the participants in an online survey conducted by Al Sharq daily said that they were not happy with the rentals for the commercial and residential properties in the Barwa Village in Al Wakra that is under construction. Seventy percent of the respondents said the rentals were high while 17 percent said they were satisfied with the existing prices. Thirteen percent didn’t express any opinion. The survey was conducted on the back of complaints from the public that the rents were not reasonable. The maximum rents for commercial properties have been fixed at QR10,000 while the residential properties have been priced QR4,500 at the most. Barwa recently had come out with a statement saying that the rents had been fixed after a through study of the market. The company justified the existing prices on the grounds that the facilities offered at the properties were also of high quality. Reacting to the survey, several nationals and residents hoped that the company would positively respond to the public demand. “The rents can not considered high when compared to the facilities offered. However, we hope they would be reduced in response to requests from the people,” said Sheikha Al Jefairi, the lone woman member of the Central Municipal Council. Yakoub Ibrahim, a businessman said the rents for the commercial properties were on par with the market prices. “The rents can be justified based on the existing prices in the market. However, people are expecting lower prices from Barwa, which had initiated several ideal projects targeting the low and middle income groups in the country,” he said. Sharing similar views, Mohammed Al Ali said expectations among the public would be high about a state-backed company like Barwa.