Mr. Hani Dabash, the Deputy Group CEO:
- “Record occupancy exceeding 75% for 2nd phase of Al Janoub Gardens, with expectations to surpass 90% next month”.
- “The upcoming period will witness a series of shop openings to serve the residents of Al Janoub Gardens and surrounding areas”.
- “Shops in Al Janoub Gardens present a great opportunity for entrepreneurs and investors eager to embark on a journey filled with achievements”.
Doha – June 2024
In a short period, Al Janoub Gardens Residence has demonstrated its remarkable success and managed to create a positive impact in the real estate market, not only in terms of residential units but also at the level of retail outlets. The residents of Al Janoub Gardens are looking forward to a series of openings in the upcoming phase, which will include a variety of commercial activities serving the Compound’s residents and marking a qualitative leap for the neighboring residential areas. Al Janoub Gardens provides up to 240 outlets and shops with activities ranging from supermarkets, cafes, and restaurants, to women's and men's salons, services, and entertainment, with spaces ranging between 39 – 62 square meters, besides the possibility of combining several shops to reach about 282 square meters.
Commenting on this, Mr. Hani Dabash, the Deputy Group CEO of Ezdan Holding Group, said: "Al Janoub Gardens project marks a significant moment in Ezdan Real Estate Company's timeline by providing a unique and superior lifestyle to all its inhabitants. It ensures luxury and joy with its sports amenities, entertainment options, and gardens. Additionally, it features retail outlets that enhance the shopping experience, along with services that reduce time and effort for its residents and offer them luxury. We anticipate that the resident count in the Compound will surpass 10,000 once fully leased."
Mr. Dabash further stated, "The Compound has earned accolades for success and achievement from our valued audience, having fully leased the entire first phase and all residential units—totaling 880 apartments—in record time. We swiftly initiated the second phase of the project, which sustained this success by achieving an occupancy rate of over 75% in just a few weeks, and we anticipate surpassing 90% occupancy next month. Therefore, I confirm it's an excellent opportunity for entrepreneurs and investors ready to expand their investments and commercial endeavors into realms abundant with accomplishments."
Mr. Hani Dabash noted that the success achieved at the residential level positively reflected on the commercial leasing movement, as indeed a plenty of leasing requests among commercial activities including supermarkets, cafes, and restaurants were recorded, and many of them have already signed leasing contracts, and we expect many of them to start their businesses next month.
The Deputy Group CEO explained that Al Janoub Gardens serves as a living example and tangible reality of employing Ezdan Real Estate Company's extensive experience in the real estate sector to serve its audience in providing a peaceful and comfortable dwelling that achieves high levels of luxury and happiness for all family members.
Al Janoub Gardens project is distinguished by its vital location on two main roads, Al Wakra Main Road and Al Wukair Main Road, opposite Al Janoub Stadium. In addition to the diverse service shops it provides, it offers its residents gyms, a central garden featuring children's playgrounds and flowing waterfalls, and the project includes one of the largest mosques ever constructed by Ezdan Real Estate Company.
During the first quarter of this year, Ezdan Real Estate Company announced the start of leasing for the first phase of the "Al Janoub Gardens" mixed-use project (residential and commercial), featuring over 2500 fully furnished residential apartments of various sizes and retail outlets. This project spans more than 400,000 square meters and includes roughly 4200 parking spaces for both residents and visitors, located outdoors and in basement areas. Additionally, the project encompasses a mosque, children's play areas, and swimming pools spread throughout the development.
