(MENAFN- The Peninsula) By Sanaullah Ataullah I The Peninsula
DOHA: Qatar Development Bank (QDB) has announced the registration for Al Furjan Markets Phase 1 raffle draw to award 45 retail spaces vacant in existing markets.
The registration will start from October 21, 2018 for which the QDB has asked aspirants to apply online. The process will continue for one month.
QDB will also offer 350 retail shops during first half of 2019 through same raffle draw system under Al Furjan Markets' project.
'The registration process will last for 30 days, and the bank is inviting Qatari citizens to apply through Al Furjan mobile application to supervise the governance of the raffle process and to ensure total compliance and transparency, said Abdulaziz bin Nasser Al Khalifa, CEO of QDB at the press conference.
This is the first raffle draw being held by QDB while the previous one was conducted by the Ministry of Economy and Commerce (MEC), he said.
'An integrated electronic system has been developed to allow applicants to apply for the Al Furjan markets project through Al Furjan mobile application, which can be downloaded from Apple Store or Google Play Store to compete for over 45 retail stores during the first stage, he added.
He said that upon citizens' requests, QDB has managed to link the markets pin number with the applicant's Qatar ID number and thus allowing applicants who are within the market zone to obtain priority over others.
'In order to be selected among the priority list, the applicant must attach a proof such as a document of property ownership or any other similar documents, said Al Khalifa.
He noted that existing tenants cannot take part in this raffle as their ID being registered and will be verified and thus rejected.
'The 45 retail shops offered are those vacant at about 10 Al Furjan markets operating throughout the country, Abdulrahman Hisham Al Suwaidi, Executive Director, Facility Management, Al Furjan Markets told The Peninsula on the sidelines of the event. 'We will introduce 350 units (retail shops) in first half of 2019 through same raffle draw system on mobile application, said Al Suwaidi
Speaking about the rent, Al Suwaidi said: 'The rents have been determined at QR6,000 for a retail shop per month since the opening of Al Fujran Market. However in three areas; Rawdat Iqdim, Rawdat Al Hamam and Ismid, we temporary decreased rents in May this year to QR3,000. He said that rents are being regulated on three criteria; population, nearby market and accessibility.
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