Doha – Mubasher: Barwa Real Estate Company said Thursday that it has awarded the construction of “Dara A” project to Qatar Development Company for Trading and Contracting (QDTC) for QAR 115.9 million and a duration of 18 months.
The project, which is located in the Northern part of Fox Hills in Lusail City, is expected to be finished in the first quarter of the fiscal year 2018, according to a bourse filing.
The company said that Dara A project will be executed on an area of 16,425 square meters, and includes the establishing of four residential buildings, each of them comprised of five floors of residential units and underground parking, with a total project built up area of 51,037 square meters.
Dara A is the third project launched by the Qatar-listed company in 2016 following Mustawdaat project in Um Shahrain and Madinat Al Mawater in Rawdat Rashed.
The stock dropped in the first hour of today’s trading by 1.2% to QAR 37.5.
