Barwa Real Estate Reports QAR 588 Million in Profit for the First Nine Months of 2026

Barwa Real Estate Group announced its financial results for the period ended September 30, 2026, reporting a net profit attributable to the parent company’s shareholders of QAR 588 million, with earnings per share reaching QAR 0.151. The Group’s total assets stood at QAR 37.3 billion, while equity attributable to the parent company’s shareholders reached QAR 22.7 billion, reflecting its strong financial position and capacity to continue implementing its development and investment strategies.

Excluding gains and losses from the revaluation of real estate investments, the Group recorded a net profit of QAR 605 million, compared with QAR 417 million in the corresponding period of 2025, representing an increase of 45%. Revenue from rentals, consultancy services, property sales, and other operating activities also rose by 14% to QAR 1.567 billion, up from QAR 1.379 billion in the same period last year.

As part of its efforts to improve operational efficiency and control expenditure, the Group reduced financing costs by QAR 35 million, or 7%, compared with the corresponding period of 2025. It also maintained a strong cash position and comfortable liquidity levels, supporting its ability to meet obligations, pursue future investments, and create sustainable value for shareholders.

A Diversified Real Estate Portfolio Across 40 Projects

Barwa operates a diversified real estate portfolio across 40 projects in Qatar. The portfolio includes 69,400 residential units, 20 educational facilities, 438,000 square metres of commercial space, 500,000 square metres of logistics space, and 350 hotel rooms and serviced apartments.

The Group relies on specialized companies to manage its assets and properties, including Waseef for asset and property management and maintenance services, and Shaza Hotels, which manages five- and four-star hotels. Barwa also established Barwa District Cooling, with a total production capacity of 37,600 tons, as part of its strategy to diversify and sustain revenue streams.

During the first nine months of 2026, the Group continued to optimize its investment portfolio and maximize returns from its assets. This included selling a plot of land in the Jabal Thuaileb area of Lusail, along with several service plots in Mesaimeer, as part of its strategy to redirect resources towards investments offering higher returns and greater value for shareholders.

Development work also continued on the first and second phases of Barwa Hills. The two phases comprise two buildings offering one-bedroom residential units, alongside amenities such as a gym, swimming pool, and retail outlets. Located in Lusail’s Jabal Thuaileb district, the project is being marketed with flexible payment plans designed to accommodate different customer segments.

Barwa Bay: A Luxury Residential Development in Lusail

The Group announced the launch of its new luxury residential project, Barwa Bay, in Lusail and opened registration of interest. The project will occupy a site of approximately 17,000 square metres and comprise two residential towers built on a shared podium. It will offer a variety of residential units with different layouts and sizes, all featuring sea views.

The development will include approximately 7,000 square metres of retail, restaurant, and café space, alongside a range of recreational, sporting, and social facilities. These include outdoor swimming pools, gyms, yoga studios, two padel courts, a jogging track, a residents’ club, a multipurpose hall, and a dedicated children’s area. The project is designed to deliver an integrated residential experience combining comfort, convenience, and contemporary lifestyles.

As part of its investment diversification strategy, the Group also began developing the Madinatna School project, supporting the education sector while strengthening the sustainability of its operating revenues.

Plans to Strengthen Operating Revenue and Sustainable Growth

Barwa Real Estate continues to assess new opportunities to increase operating revenue and diversify its income sources. These include potential expansion in educational real estate, evaluating the optimal use of vacant land to maximize investment value, and reviewing its international and financial investments to improve performance, enhance returns, or exit investments that do not meet targeted expectations.

The Group also plans to strengthen its strategic partnership with the Government of Qatar to develop real estate projects that address market needs, particularly public-private partnership initiatives, including projects to develop residential land for citizens. These efforts align with Qatar National Vision 2030 and support the Group’s long-term sustainable growth.