Mazaya Real Estate Development Company announces the signing of a contract to develop a residential tower for AlNamaa Real Estate Development Company in Lusail City. The contract was signed by Sheikh Hamad bin Mohammed Al Thani, Vice Chairman and Managing Director of Mazaya Real Estate Development Company, and Sheikh Faisal bin Fahd Al Thani, Chairman of the Board of Directors of AlNamaa Real Estate Development Company.
The project is located directly on the waterfront beach, with a height of 21 floors, and includes approximately 120 housing units, varying between chalets and apartments consisting of 2-4 bedrooms. The tower also includes a range of commercial facilities and amenities, including a gym and a swimming pool.
The development of the project will start as soon as the required approvals and legal procedures are completed, and the construction process will continue for approximately 30 months, with the project to be completed in the second quarter of 2025. The residential units will also be sold in the coming months.
