Doha: Mazaya Real Estate Development announced the start of construction work on its new project (Mazaya Marina Plaza), located along 220 meters on the Marina Walk in Lusail City, next to the (Katara Towers, Lusail Marina) project. The first phase of the project is expected to be completed by July 2022 that consists of an open commercial area divided into restaurants and cafes on the ground level and open terraces on the second and third floors adjacent to the waterfront, also the latest external cooling and lighting systems have been adopted for the convenience of visitors and shoppers.
The project will also comprise of shops facing open spaces, roads and corridors connected to the Marina Walk, which can be accessed through cooled glass corridors. The commercial areas also contain (Hyper Market), various children playgrounds as well as contemporary cinemas, in addition to outdoor kiosks and screens. Whereby the area of the commercial space is approximately 33,000 square meters.
Mazaya Marina Plaza project will contain five thousand square meters of offices above the commercial area, overlooking the waterfront.
As for the second phase of the project, which will be completed in June 2023, it will consist of four residential buildings adjacent to the commercial area, that will be formed of 320 furnished apartments of different sizes, part of which will be managed as distinctive hotel apartments.
This stage will also include gardens and different sport fields at high levels, in addition to swimming pools, modern spa and gymnasium, with a total area of 50 thousand square meters.
Managing Director of Mazaya Real Estate Development , Eng. Ibrahim Jaham Al-Kuwari stated that, despite the challenges of the Covid-19 pandemic, the company worked diligently during this year to develop a business plan that combines the development of new projects and the acquisition of revenue generating completed real estate properties.
Al-Kuwari also indicated that the project is company’s first real estate development project for this year, also there are other acquisition and development projects that the company is reviewing and will be announced soon.
The anticipated total cost to complete the two phases of the project is estimated at QR600 million.