Qatar Real Estate News
Marina Mall project at Lusail to be ready within next three years
The new marina mall project that is coming up in new Lusail City, located 23kms north of Doha, may cost 20 percent less than its earlier estimate of QR 1billion, a recent report said.
According to Mazaya Qatar Real Estate Development Company which owns the project, a new study is being conducted to determine the costs of planned mall in Lusail.
The study is said to have reduced the earlier estimates by 20 percent, said Rashid Al Nuaimi, the Chairman of the company. Earlier, the mall was estimated at 1 billion riyals.
The Engineering studies would soon be done and will be launched soon, he said.
The designs for the project spanning, 57,000sqm is ready now, and has been awarded, and the deal would be signed anytime. The project will be complete within the next three years, said Al Nuaimi.
On completion, it is said that the mall would be different from any other mall in Doha, given, its unique design and Lusail location. Apart from design, the company is focussing on high-end retail and to add value and compliment what is being developed in the country, which would be a piece of art and a landmark for Mazaya.
Posted on 9/3/2016
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