Barwa Real Estate signs lease deal for ‘Madinatna’ project with SC

Barwa Real Estate Group announced that its subsidiary Rawasi Real Estate Development Company signed a lease contract with the Supreme Committee for Delivery and Legacy (SC) with a value of QR217.62 for the purpose of leasing all housing units in the ‘Madinatna’ project, which is currently being developed by Rawasi Company in Al Wakra, for a period of six months starting from August 1, 2022.
According to a statement posted by Barwa Real Estate Group on the website of the Qatar Stock Exchange, the project contains 6,780 fully furnished apartments. It is expected that this contract will contribute to increasing the company’s operating income during the lease term. It is worthy to note that there is no conflict of interest between the contracting parties, the statement said.