12 April 2013
Qatari real estate company Ezdan Holding Group plans to build 5,000 new affordable homes in 10 new residential complexes in Doha.
Speaking to The Peninsula newspaper on the sidelines of the company’s annual general meeting, Ezdan CEO Ali Al Obaidli said: "Under the residential section of the Group, we are going to build 10 new villages for limited income people. There will be over 5,000 housing units all consisting of two- and three-bedroom apartments."
High-rise construction in Doha. (Credit: Amjra)
Nine villages will be located in Al Wakra while the remaining one will be built in the north of Doha, Mr Al Obaidli said.
About the future of the real estate market in Qatar, he said: "The market has already shown signs of recovery. And it is going to witness another real estate boom which will continue for sometime, especially the land prices."