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Deputy CEO of Ezdan
Holding Group, Mr. Hani Dabash stated:
- The Compound has
experienced unprecedented success, seeing a remarkable influx of rental
inquiries in a brief timeframe.
- Occupancy at Al
Safwa Compound is projected to surpass 95%, achieving this milestone at an
extraordinary pace.
- Initiatives aimed at
updating the Compounds are moving forward consistently and effectively.
Doha – October 2023
Ezdan
Real Estate Company announced the launch of the first Al Safwa Compound of its
kind, which provides luxury residential units of high quality for the category
looking for sophistication and elegance, as the Compound provides up to 147 high-quality
residential units that include a variety of living spaces, starting with the
three-room apartment furnished with high-end furniture, then the five-room
villa with a backyard for barbecue, in addition to the six-room rowhouse spread
over three floors with a wonderful barbecue area. And a distinctive seating
space at the top of the house.
For
his part, Mr. Hani Dabash commented on Al Safwa Compound, saying: "Al
Safwa Compound is one of the most important real estate projects that have been
recently launched, which comes within the framework of the company's policy of
diversifying real estate products, as the Compound provides residential villas,
apartments and multi-storey buildings, all of which are equipped with high-end
furniture and distinctive equipment in their quality and luxury, targeting
through this Compound the category looking for luxury properties, and the
experience has proven strongly successful due to the great demand we have
received since the launch, and we expect that the occupancy exceeds 95% within
a short period of time."
Regarding
the new compound, the Deputy CEO of Ezdan Holding Group remarked: "Our
decision to name it Al Safwa stems from our conviction in the essentiality of
enhancing our residents’ life quality through contemporary living spaces. These
compounds are infused with amenities that epitomize luxury, ensuring a
lifestyle brimming with conveniences. We’ve prioritized the incorporation of
green spaces in our new properties, imbuing our compounds with a refreshing
dimension that resonates with comfort, peace, and positivity for all residents.
We’ve fortified this approach by offering services that elevate the living
experience of our residents, such as the inclusion of gyms, swimming pools, and
more, ensuring an ambiance of unparalleled luxury."
Mr.
Dabash further elucidated that Al Safwa Compound stands out due to its
distinctive offerings and services. These elements not only cater to the
escalating market demands but also play a pivotal role in elevating the
standards of the real estate market. By offering superior quality products at
highly competitive rental values, the compound has garnered immense
appreciation and positive responses within the real estate sector and from
tenants alike. Among its remarkable facilities are a well-equipped hall for
parties and events, separate gyms for men and women, sport-centric amenities,
designated children’s areas, and exclusive family spaces.
Located
strategically near Al Janoub Stadium, Ezdan Malls in Al Wakra and Al Wukair, as
well as Al Wakra Hospital, Al Safwa Compound benefits from a thriving
commercial and investment environment fostered by extensive road and
infrastructure developments in the cities of Al Wakra and Al Wukair. The
ongoing enhancements, in conjunction with the metro project and newly
inaugurated road networks, bolster connectivity and accessibility, linking the
compound seamlessly with various parts of the country, and contributing to the
area’s vibrancy and growth.
It
is worth mentioning that Ezdan Real Estate Company has recently launched a
series of advanced residential Compounds in the areas of Al Wakra and Al
Wukair, which provide more than about 1,100 residential units ranging from
apartments and villas in addition to commercial outlets, which are distributed
over four residential Compounds (Hayat Al Wakra Compounds "1-2", Jawharat
Al Wakra, and Masat Al Wakra), which would add to the real estate market a
distinguished real estate product of high quality with a competitive rent that
contributes to meeting the demand in the real estate market for residential
units, and by adding Al Safwa Compound to it, the number of advertised residential
units reaches more than 1250 units.
Ezdan Properties' Renovation Strategy
Speaking
on the company’s previously disclosed renovation strategies, the Deputy CEO
affirmed that Ezdan Real Estate is committed to incessant enhancement and
development of its services, aligning with the substantial developmental
strides observed across the country. A holistic refurbishment program has been
unveiled for 2023, targeting a multitude of villages and residential compounds,
inclusive of those in Al Wakra and Al Wukair, as well as various residential
structures and buildings in Doha. The refurbishments encompass structural
modifications such as floor replacements, wall painting, and comprehensive
building maintenance. This also includes the replacement of a significant
quantity of furniture, electrical devices, and air conditioning units in the
specified residential entities.
He
further added, "We have meticulously curated a comprehensive plan with a
predominant objective of achieving customer satisfaction. An exhaustive
reevaluation has been conducted on all properties under Ezdan Real Estate
Company’s ownership. This appraisal aimed to ascertain the state and requisite
needs of all residential units, spanning from infrastructural advancements,
furniture, electrical appliances, to air conditioning units, among others.
Consequently, we have set in motion this plan, which is being systematically
executed in progressive phases."