Qatari property developer Barwa Real Estate has fully acquired the Lusail Golf Development Company, a major golf and residential estate coming up on a 3.66 million sq m area in Doha, said a report.

The purchase and transfer of the 50 per cent Barwa acquired in the Lusail Golf Development Company was completed through its fully-owned subsidiary Barwa International, Qatar News Agency reported.

The Lusail Golf Development is set on a 3.66 million square meters land, which is approximately equivalent to 10 per cent of the total space of the city that is set on 38 sq km, which will also be added to the land that company owns in the northern area of the city which Barwa is currently using to develop its project.

With the full acquisition of the Lusail Golf, Barwa can now develop 3.66 million sq m of Lusail City, which is approximately equivalent to 10 per cent of the total city.

Commenting on the deal, Barwa said Lusail Golf transaction was a valuable addition into its distinctive investment portfolio.

This massive developmental project aims to construct a high standard community and create balance between the beauty of architecture and the need of people to live in a descent and inspiring community," it stated.

Infrastructure works have already started at the Lusail City and are being implemented on the highest global standards with the best designs and eco-friendly technologies which comply with the urban plan of Qatar 2030, it added.