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FINANCIAL NEWS
Qatar- Barwa Group to build Dara development
29 May 2013
(MENAFN) Barwa Group’s CEO, Abdulla Abdulaziz Al Subaie, announced that the Qatari property firm has launched the Dara project, with its units to be sold for both nationals and foreigners, reported Arabian Business.
Al Subaie said that the Dara project will account for a fifth of the USD1.922 billion Fox Hills development at Lusail, and it will comprise 6 buildings with 162 apartments.
He added that each apartment will have a balcony and a parking spot.
The CEO noted that previously, Barwa, the largest publicly listed real estate firm in Qatar in terms of property developments, developed projects only to lease, however, Dara is the first project designed for sale.
According to Al Subaie, nearly 40 percent of the enquiries the company received for the new development were coming from foreigners.
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