Doha - June 2022

Hot on the heels of announcing the opening of Murooj Al Wakra compound, Ezdan Real Estate Company announced the opening of Hayat Al Wakra Residential Compound, as part of its recently announced time framed scheme to introduce more than 4,000 residential units during the current year including a series of fully furnished and developed residential compounds that the company intends to launch before the end of 2022. The newly opened compound offers several shops and a supermarket, comprising more than 287 residential units that are unique in their quality, promoting the level of real estate products introduced to the Qatari market.

Commenting on the opening of Hayat Al Wakra Compound, Mr. Hani Dabash, Ezdan Holding Deputy Group CEO, said: “We consider Hayat Al Wakra Compound as a new achievement added to the company’s record of achievements, as it comes within the framework of a series of completely modern residential compounds we are gearing up to launch where thousands of units will hit the property market, no later than the end of the current year. Such move responds to the market demands in such a crucial stage in the history of State of Qatar, in light of its hosting of the largest and most prominent international sports tournaments, so we consider such step as “glad tidings” for the property market; in other words, we are proceeding progressively according to the line-up that we set, and we will offer up to 4,000 residential units before the end of this year.”

Regarding the new compound, Dabash said: “We have decided to name the compound as Hayat Al Wakra, which is derived from the Arabic word Hayat meaning life, and this stems from our belief in the importance of improving the quality of life for our residents through modern residential compounds that make life easier and abounds in distinguished services, and we were keen to encompass the new properties with green spaces.

It gives our compound a new dimension that grants all its residents comfort, tranquility, and optimism, and we have worked to consolidate this concept by providing services that enhance the well-fare of our residents, such as gyms, swimming pools, and others.”

Mr. Dabash added that the residential properties that will be put on the market are “characterized by their qualitative differences in terms of the services they provide, which we believe will contribute not only to meeting the rising market demands but rather triggers an effective role in upgrading the property market by providing a high quality product at a competitive rental value.”