Ezdan Holding Group has revealed that its Ezdan Oasis residential project in Qatar will cost in the region of QAR4.5bn ($1.23bn) to develop.
The project will accommodate more than 35,000 people and includes integrated services such as mosques, sports clubs, schools, shops and offices as well as more than 8,769 residential units, the company announced at Cityscape Qatar 2016 in Doha.
Ezdan Holding Group CEO Ali Mohammed Al Obaidli said that the project in Al Wukair area will launch the first phase during the first quarter of next year, while the following stages will be in the next few years successively.
Obaidli noted that more than 60% of the project is complete in terms of infrastructure works. The project covers one million square meters and will offer more than 9,346 units, 8,769 of which are residential, while the rest vary between commercial and offices.
In addition to these units, the project includes a diverse range of public services facilities, including eight mosques, five sports clubs, a hypermarket and two schools.