A long-term lease agreement for 232 one-, two-, and three-bedroom apartments in the “Jeera” residential buildings has been signed by the Commercial Avenue Company and Retaj Real Estate.
Fahad Abdullatif Al Jahrami, Chairman of the Board at The Commercial Avenue Company, signed the agreement and stated, “This agreement is a significant milestone in enhancing Qatar’s real estate landscape. We are dedicated to delivering exceptional value, and this partnership exemplifies our commitment to excellence.”
The Commercial Avenue Company’s CEO, Abdulla Abdulrazzak Haidar, stated that the new agreement demonstrates the company’s considerable influence on the Qatari real estate market.
He emphasized the company’s ability to attract leading real estate firms, providing opportunities for new investors in a sector that has seen steady growth in recent years. “We always strive to create an environment that encourages local and foreign investments in Qatar’s real estate market,” he said.
“The Commercial Avenue is one of the most significant and largest commercial projects in Qatar.”
Sheikh Naif bin Eid Al Thani, Chairman of the Board at Retaj Real Estate, stated, “Signing the lease agreement for the ‘Jeera’ residential buildings is the foundation for more fruitful agreements with The Commercial Avenue Company. It aims to offer the best services to clients and meet their needs for distinguished and comfortable housing, chosen with great care to ensure a modern lifestyle. The ‘Jeera’ residential buildings were selected to achieve these objectives.”
The main objective of Doha-based Retaj Real Estate when it was founded in 2004 was to become a market leader in the real estate industry.
The business offers full-service real estate solutions, encompassing property management, leasing, sales, and purchases.
At 8.5 kilometers in one phase, Commercial Avenue is the longest commercial project in the world.
It is strategically located in Qatar, at the junction of three major roads: “22 February Street,” “Sabah Al Ahmad Axis,” and “Industrial Area Road.” This makes it one of the largest mixed-use projects in the Qatari real estate market, offering a variety of residential, commercial, and office units.
The Commercial Avenue Company is still offering the best real estate services to its clients, both individuals and businesses, going above and beyond what they would expect from a first-rate living environment.
It continues to hold its position as one of the top suppliers of real estate services in Qatar by providing first-rate facilities as well as commercial and office services.