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Ezdan Holding

Ezdan Oasis rendering

A 1 million square meter “mini city” south of Doha is now accepting tenants, real estate developer Ezdan Holding has announced.

The QR4.5 billion project, dubbed Ezdan Oasis, consists of four phases that when completed, will include more than 9,300 residential units.

The brand-new town will also have two schools, an office building, hypermarket, sports clubs, mosques and hundreds of shops.

Ezdan Holding

Ezdan Oasis

Last year, Ezdan officials said the entire development would be completed by the end of 2017.

First phase

So far, Ezdan is in the process of rolling out the first phase of the development, according to officials who provided an update during Cityscape Qatar this week.

This includes 1,820 residential units, in the form of 1, 2 and 3-bedroom fully furnished apartments.

Officials previously estimated that the flats would cost between QR5,000 and QR8,000 a month.

Ezdan Holding

Ezdan Oasis

Some 180 commercial outlets such as restaurants, cafes and “vital facilities” like swimming pools, security services and maintenance are also coming online, the company said.

Additionally, the schools and four sports clubs are expected to open soon.

In a statement, CEO Ali Mohammed Al-Obaidli cited the development’s location, near Al Wakrah General Hospital, Barwa City and two malls, as one of its biggest strengths.

He added that the aim of the project is “to become an all-inclusive mini-city” in a fast-growing area.

Expanding town

Indeed, more of Qatar’s population has been moving outside of Doha in recent years.

And according to 2015 government figures, the Al Wakrah district has grown much faster than the overall population.

Chantelle D'mello / Doha News

Souq Wakrah

The town has its own hospital, souq, farmer’s market and mall, and is now home to some 300,000 people.

Would you consider moving to the area? Thoughts?

Ezdan: Affordable housing in Al Wukair will be available by year-end

Some 8,500 villas and apartments, as well as 7,000 shops at a complex in Al Wukair are expected to come online by the end of this year, Ezdan Holding Group has said.

Qatar Tribune quotes the firm’s CEO as saying the affordable housing project is currently about 25 percent complete, and will be inaugurated by December. Phases two and three will be ready by January 2017, he said, adding that two malls in that area will also open late this year.

Qatar real estate firm Ezdan sees profits jump 22 percent in 2015

Ezdan Holding Group, which owns and manages hotels, residential units and a namesake mall in Qatar, has said its profits last year “exceeded all expectations” by climbing 22 percent from 2014 to reach QR1.66 billion.

The company, which also has investments in banks and insurance firms, said in a statement that it plans to open new shopping centers in Al Wakrah and Al Wukair later this year. The release of Ezdan’s financial results come several days after fellow developer UDC reported an 8 percent increase in profits.