Barwa sells Lusail plot for 66.06 million riyals, discloses price

Summary

• Barwa Real Estate disclosed a Lusail land sale worth 66,057,575 Qatari riyals
• Price works out to 706.77 riyals per square foot in Jabal Thuaileb
• The filing sets a publicly stated benchmark for pricing Lusail land

The latest

A plot of land in Lusail's Jabal Thuaileb district has sold for 66,057,575 Qatari riyals, equal to 706.77 riyals per square foot, Barwa Real Estate said in a filing to the Qatar Stock Exchange. The company said the land belongs to Barwa Lusail, a wholly owned subsidiary, and that no conflict of interest exists between the contracting parties.

Details

• The filing: Barwa Real Estate published the disclosure on the Qatar Stock Exchange on Monday, 26 October 2026, describing it as additional detail on a transaction the company had already announced the previous day, 25 October 2026. The earlier announcement had not carried a price.
• The numbers: The disclosed sale price is 66,057,575 Qatari riyals. Barwa stated the equivalent unit price as 706.77 riyals per square foot, the single figure in the filing that allows the transaction to be compared against other land deals in the district.
• The asset: The plot sits in the Jabal Thuaileb area of Lusail, the planned city north of Doha. Barwa said ownership rests with Barwa Lusail, a company wholly owned by the group, meaning the proceeds flow to a fully consolidated subsidiary rather than a joint venture.
• Related parties: The company explicitly addressed governance, saying there is no conflict of interest between the parties to the agreement. Qatari listed companies are required to flag related-party dealings, and the statement is Barwa's answer to that requirement for this contract.
• Not disclosed: Barwa did not identify the buyer, did not give the size of the plot, and did not state when the sale closes or when payment is due. The absence of an area figure means the total price cannot be independently reconciled against the per-square-foot rate.
• Financial impact: The filing carried no estimate of the effect on Barwa's results, and did not say in which quarter the transaction would be recognised or whether it generates a gain or loss against the asset's book value.
• Why the price matters: Land transactions in Lusail are rarely published with a unit price attached. By stating 706.77 riyals per square foot in a regulated filing, Barwa has put an official reference point into the market for a district still being built out.
• Portfolio context: The sale concerns a single plot rather than a developed or income-generating property, placing it in the category of non-core asset disposals rather than a change in Barwa's operating footprint.

Background

Lusail is a large planned city north of Doha, developed over the past two decades, where Barwa Real Estate holds land through subsidiaries including Barwa Lusail. Barwa is one of Qatar's largest listed property groups and is majority-linked to state-backed shareholders.

Between the lines

The sequence is telling: Barwa announced the sale on 25 October and released the price only a day later, a pattern consistent with meeting disclosure obligations in stages. The filing is heavy on price and governance and silent on buyer, plot size and earnings impact, which keeps the market's attention on the headline valuation rather than on who is accumulating land in Jabal Thuaileb or what the deal does to Barwa's books.

What's next

Watch Barwa's next quarterly results for where the transaction is booked and any gain recognised, and the Qatar Stock Exchange for a follow-up filing naming the buyer, the plot area or the completion date.

Source: Qatar Stock Exchange — Barwa Real Estate disclosure