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Luxury project in Qatar set to defy the property downturn

BARWA Al Khor, a subsidiary of BARWA Real Estate, believes that a booming expatriate population has made the area an ideal location for more world-class real estate projects.

It believes that its Urjuan project, which was officially launched last month, will show that prestige developments can go ahead despite all the worries about global recession.

Situated at the north of Al Khor, along the shore of Al Khor Bay on Qatar's east coast, it is set to become a self-sustained community with over 24,500 housing units, a beachfront luxury hotel and resort, well-appointed apartments, and townhouses and villas.

In addition, the project will include extensive gardens and tourist facilities such as a world class hotel business club, three marinas, an 18-hole international golf course, and a club offering leisure and sport activities.

Youssef Ahmed Al Hammadi, Chief executive officer of BARWA Al Khor, said all developers are facing challenging times but for this project it was not just a matter of finance.

'The challenge for us is to build a cosmopolitan area, one which the Qatari nation can be proud of, and with the unhindered progress of the project, we believe that we are on track to achieve our goal,' he said.

'The growing popularity of the Al Khor area with its natural bay as a thriving destination for first-class residential properties gives us an outstanding opportunity to cater to the growing demand among Qatari nationals as well as expatriate residents,' he added.

Preserving the area's rich cultural heritage and natural beauty is also important, he said. Located 57 kilometers north of Doha, Al Khor is older than the capital city, with recent archeological finds in the area dating back to between 5600 – 5300 BC.