Mazaya Qatar Delivers Sidra Residential Compound to Qatar Foundation

October 15, 2018

Mazaya Qatar Real Estate Development Company has handed over the Sidra Residential Compound to the Qatar Foundation for Education, Science and Community Development, as the complex is ready for housing and use of its vital facilities.

Sidra Residential Compound has 1165 residential units covering an area of 143,000 square meters, developed by Mazaya Qatar Real Estate Development Company for the Qatar Foundation for Education and Science under Build-Operate-Transfer scheme (BOT) for a period of twenty years. The contract between the two parties stipulates that the rent payment is payable by a six month in advance.

The delivery will take place after Mazaya completes all construction and fit-out works, and after the finalization and issuance of all official papers, last of which is the completion certificate, issued after completion of all the requirements, such as furnishing, installation of security systems, and the appointment of a specialized company to manage and maintain the complex.