Doha: Ezdan Real Estate Company has revealed that commercial and service areas in Ezdan Oasis are witnessing a massive turnout and leasing requests are hitting high records. Rental price index for the commercial and service sector in the project has exceeded 90,000 square metres distributed over hypermarkets, cafes, restaurants, laundries, car service centres, a school, supermarket and others, while the index continues to pile up gradually, Ezdan Real Estate said.
Meanwhile, the project is witnessing a steady expansion in commercial outlets coupled with a remarkable flocking by entrepreneurs to invest in the Oasis, which comes in alignment with the expanding population. Over 17,000 residents currently live in the area, placing the project in a first-rate level due to the services it provides to its residents as well as the neighbouring areas.
“Ezdan Oasis provides a large number of commercial outlets that exceed 500 outlets suitable for various SMEs, and Ezdan Real Estate Company has worked on offering a very competitive rental price starting at QR45 per square metre for shops and retail outlets, in addition to granting free months for all investors wishing to have a grace period to establish and launch their businesses. Such advantages render Ezdan Oasis as an attractive destination for investors, as well as those chasing their business ambitions and turning them into reality,” said Hani Dabash, Deputy Group CEO at Ezdan Holding Group.
He added: “Ezdan Oasis is a project that is dedicated to future posterity, not only because of its spaciousness and diversified residential and commercial options, but also it features creative ideas, a distinguished location and off-centre alternatives that effectively contribute to revitalising the market and serving the residents of the region. Such massive turnout significantly echoes in our indicators and comes in parallel with the opening of each new stage of the project”.
Dabash also remarked that the fusion of thousands of residential units with hundreds of commercial outlets in Ezdan Oasis triggered a qualitative and vital leap to Al Wukair area, which has become, due to the modern highway network, closer to Doha, paring down the travel time for many vital areas to only 15 minutes. In addition to its close proximity to a large number of commercial and economic areas, Ezdan Oasis now serves as a nexus connecting to Hamad International Airport, the new port and Mesaieed City, which includes a number of important plants and facilities.
It is worth noting that the areas of Al Wakra and Al Wukair are witnessing an increasing growth in population, and a rapid growth in the volume of commercial and investment businesses, as a result of the road and infrastructure development projects that are currently carried out in both municipalities, in parallel with the metro project Rail, and the road networks that were opened to serve the areas of Al Wakra, Al Wukair and Al Mashaf, such as the New Orbital Highway, Hamad Port Road, G-Ring Road and the southern part of Doha Expressway.
“Such road projects have contributed to a significant increase in population, and this will enhance the demand for various residential units, which in turn will attract investments, especially for commercial projects and SMEs,” Dabash added.
