Qatar - Waseef's Madinat Al Mawater project records high occ...| MENAFN.COM

Thursday, 07 July 2022 08:20 GMT

Qatar - Waseef's Madinat Al Mawater project records high occupancy rates

(MENAFN- Gulf Times)

Mawater, developed by Barwa Real Estate Group, is the most competitive platform in the region for the sale, purchase and maintenance of used cars Waseef, the leading real estate management and marketing company, has announced that its Madinat Al Mawater project has recorded high occupancy rates. According to an official press statement, the first and second phases of Mawater City have reached more than 90% of occupancy.
Mawater, developed by Barwa Real Estate Group, is the most competitive platform in the region for the sale, purchase and maintenance of used cars, and the main destination in Qatar for these activities. This pioneering project, which is located in Rawdat Rashid, west of Salwa Street intersection, Exit 31, provides used car showrooms, residential and office units, workshops and retail stores, in addition to the necessary facilities that serve the city's visitors as offices for traffic management, car insurance companies, and a fuel station. These are in addition to an area that has been allocated for the technical inspection services for cars (Fahes) with a land area of approximately 26,000 sq m.
Waseef Company manages and provides leasing services for the first and second phases of Madinat Al Mawater that offers 119 showrooms for used cars with areas ranging between 400 and 1,000 sqm with about 21 shops and a number of maintenance workshops.
Besides, there are 352 apartments (studios and one and two bedroom apartments) along with service facilities such as restaurants and supermarkets. Mawater has a well-developed infrastructure that includes two sub-stations, internal roads, surveillance cameras, a fire-fighting system, drinking water and irrigation networks, and a sewage treatment plant.
Waseef provides Madinat Al Mawater with all services. These include security, safety, general cleanliness, and maintenance work for facilities and equipment. Special services for exhibitions, shops and maintenance workshops that meet the requirements of investors and companies are also provided.
Wassef has said that the rent for the facilities of this vital and important project is competitive in the local market. The company explained that the occupancy rate in the first and second phases of the project amounted to more than 90%, while it reached 28% for apartments, 97% for shops, and 100% for workshops and maintenance facilities.
In order to highlight its importance and introduce the public and those interested in its services, Waseef is working to organise activities related to cars within the city in cooperation with the competent authorities.
Madinat Al Mawater has become the main destination for many events for gatherings of car lovers. Modernisation, maintenance and repair services for vehicles are available while meeting the customers' aspirations through its integrated services.
'Waseef has a great ability in real estate management and marketing, and has the necessary experience in managing, operating, maintaining and leasing real estate facilities, whether for the private sector or the government sector, including ministries' buildings, towers, multi-service buildings, residential complexes and commercial complexes,' the company statement added.


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