Occupancy levels in Madinatna project reaches high levels in short period: Waseef

Waseef, a leading real estate management and marketing company, has said the rate of enquiries for renting residential units in the Madinatna project, which is the largest integrated residential real estate project in Qatar, continues to rise.The occupancy rates at residential units in this leading project have reached high levels in a short period of time since its launch in the market, a press statement noted.The Madinatna project, developed by Barwa Real Estate Group, can accommodate around 36,000 people and includes 339 buildings that house 6,780 fully furnished apartments equipped with "all modern amenities and world-class facilities to provide an unparalleled and exceptional residential experience".The apartments include 4,740 three-bedroom apartments and 2,040 two-bedroom units.The project also includes 166,481sqm of green spaces and 714,249sqm of walkways, parking lots and other areas. In addition, it is equipped with the necessary infrastructure, including internal and surrounding roads built according to international standards, besides all electricity supplies and stations, as well as drinking water networks.Besides, the project features the latest smart technology in field of communication systems and information technology, which enhances the concept of smart city and ensures that the beneficiaries enjoy sustainable residential environments according to the highest standards and specifications.Further, modern technologies have been used to ensure the efficient use of water and electricity, in addition to using treated water to irrigate green spaces, which reinforces the concept of sustainability in this pioneering project, the statement pointed out.The project includes all the facilities that meet the requirements and desires of families, and to provide them with comfort, such as mosques, hypermarkets, retail stores, playgrounds, health clubs, entertainment facilities, service buildings, warehouses, kindergartens and other public facilities.Madinatna is distinguished by its strategic location in the Umm Bishr area of Al Wakrah Municipality, and is connected to a modern road network that provides residents and visitors with easy access - within a short period of time - to various areas in order to meet their needs.In addition, the proximity of the project to modern public transportation facilities such as the Al Wakra Free Zone and Ras Bu Fontas Metro stations, and several public bus service lines, provides multiple options for transportation to and from the project using these modes.Waseef has highlighted the proximity of the project to Barwa Village, which offers a wide range of services, commercial activities and retail outlets that will serve Madinatna, as well as to the Doha Corniche and developmental facilities such as Hamad International Airport, Hamad Port and a number of logistics areas. It is also close to recreational and service facilities in Al Wakrah Municipality, such as beaches, public parks, traditional markets and Al Wakra Hospital.Waseef has pointed out that the reason for the high demand for apartments and facilities in the project is due to the unique services provided by the company to residents at the lowest possible cost, and the promotional offers it provides to the tenants of residential units.The company stressed that the good occupancy rates of this project confirm the high level of trust that Waseef enjoys among the public, noting that the rents available for apartments at Madinatna are considered competitive in the local market.Waseef has adopted a comprehensive marketing plan with innovative ideas to ensure the optimal leasing and management of the project. Currently, the company is negotiating with multiple national companies and entities to lease units in the project.