rawabi brochure
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7/28/2019 Rawabi Brochure
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To accomplish great things, we must not only act, but also dream; not only plan, but also believe.
Anatole France
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BAYTI PALESTINE
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About Bayti
Bayti Real Estate Investment Company
(Bayti) specializes in developing high value
turnkey real estate projects to generate
attractive risk-adjusted returns through
medium-term investments. The company
was established in Palestine to jumpstart
development of the Palestinian real estate
sector. Its mission is to create affordable,
accessible, family-friendly communities for
Palestinians.
Bayti is capitalized by equity funds from
private investors who, while seeking
to achieve reasonable returns, wish to
lend support to the Palestinian national
economy. Bayti’s shareholders are
experienced real estate developers in
the region who have built thousands of
homes. The company is registered with the
Palestinian National Authority.
Bayti conducts full due diligence on all
of its prospective projects. As the prime
developer of our own properties, our market
research and analysis includes careful study
of synergetic as well as competitive activity,
ongoing in-depth political and economic
evaluations and detailed exploration of the
potential market for our housing product.
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PALESTINE
Strong Demand for Housing
The current estimated housing shortfall in the West Bank is
greater than 200,000 units, a figure which increases roughly
10 percent every year. The absence of large-scale housing
projects in the West Bank, together with a high birthrate
trending at 3.1% growth annually, is creating an acute
housing shortage.
Land available for housing development within existing
Palestinian cities is extremely limited. In recent years, much
of the country’s significant industrial and service sector
activity migrated towards the city of Ramallah in the West
Bank. As Ramallah has grown into a bustling commercial
and governmental hub, young professionals from all over the
West Bank and Gaza are flocking to the city to take advantage
of job opportunities and a modern way of life.
Within Ramallah today, the demand for new homes isskyrocketing, and along with it, rental rates and land prices.
The Ramallah area’s inhabitants earn significantly higher
income on average than residents of other urban centers
in Palestine, which makes Ramallah the most suitable
geographic area to launch Palestine’s first planned self-
contained community project.
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RAWABI
Bayti Builds the first Palestinian Planned
Community: RAWABI
In late 2007, Bayti announced plans to construct Palestine’s
first planned community called Rawabi, or “the hills” in
Arabic. The town of Rawabi is designed to attract Palestinians
seeking affordable housing in a well-zoned accessible
environment. Rawabi will offer a true quality of life option
well within the financial reach of young Palestinian familiesas well as Palestine’s rapidly growing class of young working
professionals.
Public - Private Partnership
Bayti signed an agreement with the Palestinian Authority in
April 2008 inaugurating the first public-private partnership
for real estate investment in Palestine. The agreement
highlights the commitment of the Palestinian Authority to
facilitate the provision of the essential offsite infrastructure
and public services to ensure the successful implementation
of such private sector initiatives. The agreement is in
keeping with the mandates of the Palestinian Reform and
Development Plan, in which the Palestinian Authority
pledged to increase access to affordable quality housing for
families with moderate incomes.
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Rawabi Heritage
Historic Palestine is a melting pot of
peoples, languages, cultures, religions,
customs and traditions – a diamond of
a nation, multi-faceted and rare, a prism
through which vision and belief is refined
and refracted in infinite ways. The narrative
of this blessed land begins long before the
times of the great and beloved Prophets,
and continues to unfold before us.
A Sense of Community
As the roots of the ancient olive trees have
embedded themselves in the bedrock of
the Palestinian hillsides, so its people have
put down deep roots, and from those roots
grow, and thrive. The people of Palestine
welcome the future while treasuring thepast – blending and embracing the best of
old and new.
Hills of Olives and Stone
The hills of Palestine have been cultivated
for thousands of years. Carefully-tended
olive groves ornament the terraced hillsides.
Ancient stones laid painstakingly by hand,
one atop the other, form sheltering walls
sculpted from the earth itself. Generationsof Palestinians have painstakingly coaxed
the landscape to bear fruit and sustain
life.
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Rawabi – Living the Dream
The town of Rawabi will serve a new
generation of Palestinians coming of age and
seeking welcoming space to build families,
careers and lives. Rawabi takes its name
from the sheltering hills that surround it.
Intended as a place to live, work, and grow,
Rawabi will offer affordable apartments,
employment opportunities, schools, health-
care and all the conveniences of a modern
lifestyle, including shopping, banking and
personal and professional services.
When the town is fully built, it will feature
more than 5,000 apartment and townhome
units housing up to 25,000 residents.
Additional residential and commercial units
slated for subsequent construction phases
will ultimately serve a town with a population
of 40,000. The residences will be constructed
around a central commercial area, which will
feature a pedestrian promenade for shops andrestaurants. Banks, grocery stores, medical
and professional offices will also be situated
within the commercial town center. Rawabi
will be a fully self-contained town with
schools, community playgrounds, walking
trails, a hospital, a hotel and a movie theatre.
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Residences within Reach
Rawabi will feature a combination of apartment homes and town residences with an array of sizes and floor plans to choose from.
Young families will have the option of one, two, or three-bedroom homes, each one finished to suit to modern tastes. Homeownerscan “build to suit” selecting their own combinations of features and finishes to make each distinctive residence truly their own. Bayti’s
design team will also offer fully finished model layouts to choose from; for busy professionals looking for a “ready for occupancy”
option. All residence buildings will come equipped with the latest security features, and ample off-street, protected parking areas.
The project plans envisages at least 5,000 affordable housing units varying in size from 95 to 165 square meters each in multi-floor
buildings of 3, 4 and 5 levels determined by the land topography.
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The Town CenterOffice and retail space will be constructed
in a mixed used area that surrounds a
pedestrian promenade. The mixed-use
buildings (commercial and residential) will
include luxury apartments. In addition,
high-end home construction will include
deluxe high-rise apartment buildings
erected on the Rawabi’s highest elevations
that command a panoramic view of theMediterranean coastline. The shopping
center will be constructed during the first
phase of the project to serve the needs
of Rawabi resident and the residents of
nearby villages.
Small Town Feel, Urban Convenience
Rawabi is located in the Ramallah/Al-Bireh Governorate. The site of the new community is situated in the central northern part of
the West Bank, approximately 3.5 km from Birzeit University; 9 km north of Ramallah; 25 km north of Jerusalem and 25 km south
of the city of Nablus.
Rawabi is an easy drive to and from the city centers; close enough for a daily commute and to encourage the visits of family and
friends. Sheltered amid rolling hills with picturesque views, the site is surrounded by seven villages. More than one million square
meters of land in Area A, under the full control of the Palestinian Authority, were purchased from hundreds of Palestinian owners
residing in different parts of the world. Rawabi will develop a master plan for more than four million square meters allowing other
developers to invest within the zoned areas.
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Respect for the Environment
Bayti plans to minimize and mitigate air and
noise pollution with the inclusion of large
tracts of green space around the new town
limits, and to fully utilize renewable power
sources, such as solar energy.
Preliminary plans for the town of Rawabi take
into consideration the surrounding environs
and caters to local tastes, featuring a blend
of carefully designed and sourced building
materials that will integrate the architectural
designs harmoniously with the local culture.
Several local professional firms have been
engaged and are currently preparing the
architectural and engineering plans. The goal
is to develop a twenty-first century community
that serves the functional needs of its residents
and enables surrounding villages and towns
to benefit from the developed infrastructure.
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Developer:Company
Estimated Cost to Build:
Scheduled Date of Groundbreaking:
Land Holdings:
Construction Phases:
Number of Housing Units:
Size of housing units:
Target purchase price of housing units:
Bayti Real Estate Investment Company
Over US$350 million
2008
Mostly in Area A (9 km north of Ramallah, 3.5 km from Birzeit)
4
more than 5,000 affordable homes and high-end apartment and townhomes
95 to 165 square meters
US$43,000 to $78,000
RAWABI
a Development of
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MASSAR INTERNATIONAL is
an investment holding company
headquartered in Ramallah, Palestine that
oversees and manages a network of 15subsidiaries. Its core business activities
are real estate development, financial
and investment services, and corporate
business development. The company’s
mission is to promote sustainable
economic development through private
sector capacity building initiatives in
Palestine.
BAYTI INVESTORS
Massar International
The MASSAR INTERNATIONAL
Real Estate Group develops residential
housing projects, commercial properties,
combined residential and recreationalcommunities and other land use
infrastructure projects for buyers from a
variety of socio-economic strata. Having
already successfully developed, marketed
and managed thousands of new housing
units in regional markets, MASSAR
INTERNATIONAL now hopes to bring
some of this success to Palestine.
The Palestinian real estate sector is ripe
for growth, where a strong demand for
housing has combined with a positive
and proactive political and economicenvironment to create the perfect
conditions for decisive investment
action. MASSAR INTERNATIONAL
believes that its new Palestinian real
estate development project will form the
cornerstone of a new, modern, viable
Palestinian society.
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QATARI DIAR is entrusted with
realizing Qatar’s vision for a beautifully
built environment, new sustainable
communities and developments whichcatch the imagination of a world
audience.
QATARI DIAR is a major player
in Qatar’s emergence as a vibrant
investment, commercial, cultural and
social community. It is the region’s most
influential and innovative real estate
investment company – a master developer
and planner whose mission is to promotea better quality of life by creating
distinguished legacy developments,
planned, built and managed to
internationally recognized standards.
QATARI DIAR is fully owned by the
Qatar Investment Authority and was
founded to support Qatar’s rapidly
expanding economy and to providestructure and quality control for the
country’s real estate development
priorities.
Capitalized at US$1 billion, QATARI
DIAR has the investment resources to be
truly innovative and forward thinking.
The company is founded on the world’s
best practice project development and
management disciplines, enabling itto impact on the built environment to
enrich and enhance the quality of life of
the communities it serves. Although only
launched in March 2005, the company
has 18 projects underway.
QATARI DIAR is building signature
projects and facilitating vibrant new
communities on an unprecedented
scale. These range from the giant Lusailproject in Qatar to the development of
landmark resorts, such as Ras Al-Hadd
eco-tourist resort in Oman, to recreating a
kasbah in Al Houara, south of Tangier, to
projects in exotic destinations such as the
Seychelles and Cuba.
QATARI DIAR is determined that its
projects will have a significant impact and
influence on the way we live around the world, for the enhancement of the planet
and its environment and for the long
term benefit for the people who live in its
communities.
QATARI DIAR Real Estate Investment Company
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“A little of this absolute and blue infinity would be enough to lighten the burden of these times.”
Mahmoud Darwish / Under Siege
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Contact Information
Bayti Real Estate Investment Company
7 Al Kawthar Street
Ramallah, Palestinian Authority
Phone: +970 2 240 9104
Fax: +970 2 240 9752
Email: [email protected]
www.bayti.ps
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