Hani Dabash: Projected growth to 97% in all villages during 2022
Doha- January 2022
Ezdan Real Estate Company, the major real estate developer, has recently unveiled a record success posting occupancy rates exceeding 95% in most residential villages in Al Wukair area during the fourth quarter of 2021. Meanwhile, the rental index continues to rise gradually in a parallel with the rising demand for rent in fully furnished apartments and villas in Ezdan villages.
Commenting on such promising figures, Mr. Hani Dabash, the Deputy Group CEO, said: "Our properties are witnessing an increasing demand day after day, for a couple of reasons, the most important of which is the whole gamut of service development within the residential villages, which renders our residential units the ideal choice for those seeking to obtain a convenient accommodation that does not cause a strain on their budget.”
“The rental indices are recording a rocketing rise in all properties owned by Ezdan Real Estate Company, exceeding the threshold of 95% in most residential villages in the Al-Wakra area, while we expect occupancy rates to reach 97% in most residential villages during 2022." Dabash added.
Mr. Dabash expounded that the urban growth and tremendous development witnessed by Al Wukair area came as a result of the efforts of the state in this regard, which developed an advanced road network that contributed significantly to the stark rise in population growth rates in the region, especially in light of the availability of a number of vital facilities and institutions throughout Al Wakra and Al Wukair areas.
It is worth noting that occupancy rates are achieving outstanding success in most of the properties of Ezdan Real Estate Company thanks to the insightful strategies devised by the leadership of the Ezdan Holding Group, which aim to achieve market requirements and meet its needs, in addition to the development of commercial and investment businesses in the areas of Al Wakra and Al Wukair, as a result of road and infrastructure development projects that were currently implemented in parallel with the metro project "Rail", and road projects that were opened to traffic to serve the southern regions and connect them with the rest of the country, such as the Orbital Road Project, Hamad Port Road, G-Ring Road and the southern part of Doha Expressway, which triggered a growth in population in those areas.