Cityscape sales don’t help Barwa share prices
The QE 20 Index lost for the second day straight on Tuesday, June 3, falling by 2.43 per cent to close at 13,221.29 points. Barwa Real Estate declined by 1.06 per cent at QAR42. On Monday, Barwa said it launched at its participation at the Cityscape Qatar 2014 a number of distinctive investment opportunities, starting with the sales of “Dara” units during the first day of the exhibition in the presence of H. E. Salah Bin Ghanem Al Ali, the Minister of Youth & Sports and Barwa Chairman, and Dr. Ahmad Abdulla Al Abdulla, Acting Group CEO of Barwa Real Estate. Barwa had launched the concept of Dara last year during the same event as it attracted the interest of many investors back then, said the developer. Dara project which is situated in the north of the Fox Hills area in Lusail City. Barwa commits to completing Dara within three years, the timeline of the project completion, to develop it into an integrated multi use development, extending over 147.401square meters, offering more than 1000 residential units divided between 56 buildings.
The Cityscape Qatar 2014 runs through Wednesday.
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