Mazaya Real Estate Development — delivery record

Artificial Intelligence
Builders Company

Developers/Mazaya Real Estate Development

Mazaya Real Estate DevelopmentDoha, Qatar · founded January 10, 2008 · 1 active markets

PUBLIC LISTED

Mazaya develops and manages residential compounds, towers, villas, mixed-use properties and related facilities in Qatar, serving homebuyers, tenants, institutional clients and public-sector partners through sales, rental, build-operate-transfer, investment, project-management, brokerage and facility-management activities across Qatar’s new and income-generating assets alike.

Years in business

founded January 10, 2008

LinkedIn headcount

employees, as shown on LinkedIn · size band 11–50

Projects last researched October 9, 2026

Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name: Mazaya Real Estate Development Q.P.S.C.¹
Headquarters: Majlis Al Taawon Street, West Bay, P.O. Box 18132¹, Doha¹, Qatar
Founded: January 10, 2008¹
Entity type: PUBLIC LISTED¹
Business model: offplan for sale¹, build to rent¹, commercial¹, mixed use¹, masterplan¹, other¹
Markets: 1 market listed
What they build: Residential, for rent (1 of 1)

Full dossier in About →

Delivery record

1 date-assessed of 1 projects

Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.

Completed projects assessed

within the rolling ten-year window

Median delay

+68.0 mo

the middle of 1 scored project

Average delay

+68.0 mo

the same projects, pulled by the worst

Average time to deliver

—

1 delivered project with a dated start — needs 3

Worst slip

+68.0 mo

Sidra Village · +67.0 to +69.0

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

1 date-assessed project here

Not enough info yet.

Projects and timelines in Track Record →

Resident experience

1 of 1 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict

8.5/ 10

Weighted judgment across build and operations · from 1 of 1 rated building

Little structure evidence (0 of 1 building) — this rests mainly on whole-building and living reviews.

Structure & systems

—/ 10

Fabric, services, waterproofing, envelope · from 0 of 1 rated building

Management & living

8.5/ 10

Upkeep, response times, amenities, community · from 1 of 1 rated building

Against other developers

not enough rated buildings yet

Not enough rated buildings in Qatar yet to compare against.

Ratings by building →

Awards & recognition

GOVERNMENT RECOGNITION 2022
Honoring Mazaya Company for participation in training university students during the summer period – 2022
The developer reports that Qatar University honored Mazaya for participating in the summer training of university students.
Qatar University · https://mazayaqatar.com/init-awards/honoring-mazaya-company-by-qatar-university-for-its-participatio…
COMPANY AWARD Winner 27 September 2011
Best Real Estate Investment Strategy
The developer reports that Mazaya Qatar Real Estate Development Company won the Best Real Estate Investment Strategy award; the ceremony was held on 27 September 2011.
Arabian Business Achievement Awards – Qatar · https://mazayaqatar.com/init-awards/mazaya-qatar-wins-best-real-estate-investment-strategy-award-at-…

All awards →

Risks & source coverage

LEGAL Judgment issued 28 January 2025; disclosed 30 January 2025. A final Court of Cassation judgment required Mazaya to pay Sinohydro QAR 67 million, reduced from QAR 85,871,005.6; the dispute concerned the contractor for a project developed from 2012 and completed in 2018. Mazaya disclosed that the judgment was final and conclusive.
mazayaqatar.com · https://mazayaqatar.com/discloses-the-judgment-in-the-lawsuit-number-1596-2024/
FINANCIAL DISTRESS Financial position as at 31 December 2021; annual report published in 2022. Mazaya’s 2021 audited report recorded a net loss of QAR 248,748,415, current liabilities exceeding current assets by QAR 135,346,617, and an auditor-highlighted material uncertainty that could cast significant doubt on the Group’s ability to continue as a going concern; the report said management was negotiating loan rescheduling.
mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2022/09/Annual_Report_2021_-_English-compressed_final-1.p…
DELIVERY DELAY Delay reported in the 2016 annual report; original expected handover 2016 and revised receipt 2017. Mazaya’s 2016 annual report stated that the Sidra Village project would be received during 2017 instead of 2016 because the contractor was unable to deliver on time due to lack of liquidity; the later record describes the project as completed in 2018, so this is an historical delay rather than evidence of current non-completion.
mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2021/12/MQ_Annual_Report_2016_En.pdf
2 more in Risk & Sources

Record status: active
Company sources: 86 source entries across 86 fields
Projects tracked: 1 · 1 completed in assessment

All flags and sources →

Track Record

Delivery record

1 date-assessed of 1 projects

Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects assessed

within the rolling ten-year window

Median delay

+68.0 mo

the middle of 1 scored project

Average delay

+68.0 mo

the same projects, pulled by the worst

Average time to deliver

—

1 delivered project with a dated start — needs 3

Worst slip

+68.0 mo

Sidra Village · +67.0 to +69.0

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

1 date-assessed project here

Not enough info yet.

Construction start to handover

1 of 1 projects dated · 1 place

Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.

Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled

Doha, Qatar

Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

1 of 1 buildings rated · scale 1–10

Overall verdict

8.5/ 10

Weighted judgment across build and operations · from 1 of 1 rated building

Little structure evidence (0 of 1 building) — this rests mainly on whole-building and living reviews.

Structure & systems

—/ 10

Fabric, services, waterproofing, envelope · from 0 of 1 rated building

Management & living

8.5/ 10

Upkeep, response times, amenities, community · from 1 of 1 rated building

Against other developers

not enough rated buildings yet

Not enough rated buildings in Qatar yet to compare against.

By building

1 rated · 0 not rated · scale 1–10

Project	Overall	Structure & systems	Management & living
Sidra VillageDoha1,165 units	8.5/ 10	—/ 10	8.5/ 10
The 4.4/5 aggregate based on 148 reviews is the largest review base and converts to approximately 8.2/10 under the specified curve. The visible written feedback is strongly positive on cleanliness, maintenance, security and community, supporting a modest upward commentary adjustment; the 2020 recycling petition is old evidence and does not establish its status as of 2026-10-09. No structure score is assigned because no published structural or systems rating was found. exa.ai exa.ai exa.ai mazayaqatar.com qatar-tribune.com	+ District cooling+ Solar electricity contribution+ Well-maintained facilities+ Pedestrian public spaces+ Landscaped courtyards − Accessibility concern− Recycling service absent Not found in sources: No recurring structural failure reported · No recurring plumbing complaint reported · No recurring lift complaint reported	+ Strong security+ Good maintenance+ Clean common environment+ Family-friendly setting+ All-in-one amenities − Recycling service unavailable− Accessibility concern Not found in sources: No recurring management-delay theme found · No recurring security-failure theme found · No recurring cleanliness-failure theme found
Published project reporting describes district cooling delivered through underground insulated pipes, solar panels supplying nearly 25% of electricity needs, and completion and handover in the last quarter of 2018. The available review text praises the compound as “well-maintained” and “one of the cleanest,” but does not publish a building-fabric or systems sub-score; the only physical-access complaint says building accessibility should be easier. qatar-tribune.com exa.ai exa.ai	Residents repeatedly describe the village as “well maintained,” “secure,” clean and family-friendly, with one review calling it “all-in-one accommodation.” A 2020 resident petition complained that “no recycling service is offered at Sidra Village”; this is dated evidence and does not establish whether the service remained unavailable on 2026-10-09. exa.ai exa.ai change.org

Project

Overall

Structure & systems

Management & living

Sidra VillageDoha1,165 units

8.5/ 10

—/ 10

8.5/ 10

The 4.4/5 aggregate based on 148 reviews is the largest review base and converts to approximately 8.2/10 under the specified curve. The visible written feedback is strongly positive on cleanliness, maintenance, security and community, supporting a modest upward commentary adjustment; the 2020 recycling petition is old evidence and does not establish its status as of 2026-10-09. No structure score is assigned because no published structural or systems rating was found.

exa.ai exa.ai exa.ai mazayaqatar.com qatar-tribune.com

+ District cooling+ Solar electricity contribution+ Well-maintained facilities+ Pedestrian public spaces+ Landscaped courtyards

− Accessibility concern− Recycling service absent

Not found in sources: No recurring structural failure reported · No recurring plumbing complaint reported · No recurring lift complaint reported

+ Strong security+ Good maintenance+ Clean common environment+ Family-friendly setting+ All-in-one amenities

− Recycling service unavailable− Accessibility concern

Not found in sources: No recurring management-delay theme found · No recurring security-failure theme found · No recurring cleanliness-failure theme found

Published project reporting describes district cooling delivered through underground insulated pipes, solar panels supplying nearly 25% of electricity needs, and completion and handover in the last quarter of 2018. The available review text praises the compound as “well-maintained” and “one of the cleanest,” but does not publish a building-fabric or systems sub-score; the only physical-access complaint says building accessibility should be easier.

qatar-tribune.com exa.ai exa.ai

Residents repeatedly describe the village as “well maintained,” “secure,” clean and family-friendly, with one review calling it “all-in-one accommodation.” A 2020 resident petition complained that “no recycling service is offered at Sidra Village”; this is dated evidence and does not establish whether the service remained unavailable on 2026-10-09.

exa.ai exa.ai change.org

Only buildings that have reached handover are rated. 0 of 1 project carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name

Mazaya Real Estate Development Q.P.S.C.

Headquarters

Majlis Al Taawon Street, West Bay, P.O. Box 18132, Doha, Qatar

West Bay

Founded

January 10, 2008

Doha, Qatar

Entity type

PUBLIC LISTED

Revenue

QAR 179 million

2025

Business model

offplan for sale, build to rent, commercial, mixed use, masterplan, other

Partners

3 partners

Qatar Foundation for Education and Science

government partner

Mazaya developed Sidra Housing Village for Qatar Foundation under a 21-year build-operate-transfer arrangement.

Namaa Real Estate Development

joint venture

The companies launched Voya Tower through a strategic partnership on the Lusail waterfront.

Shannon

contractor

Shannon received the QR77 million contract to construct and deliver part of the Qatar National Convention Center residential compound.

Sources: name

COMPANY2019-04-07

Final Handover of Sidra Housing Village - Qatar

Mazaya Real Estate Development

Sidra Housing Village has 1165 residential units covering an area of 145,000 square meters, developed by Mazaya Real Estate Development Company for the Qatar Foundation for Education and Science under Build-Operate-Transfer scheme (BOT)

value seen: Qatar Foundation for Education and Science

https://mazayaqatar.com/final-handover-of-sidra-housing-village/

Sources: partner type

COMPANY2019-04-07

Final Handover of Sidra Housing Village - Qatar

Mazaya Real Estate Development

value seen: for the Qatar Foundation ... under Build-Operate-Transfer scheme (BOT)

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://mazayaqatar.com/final-handover-of-sidra-housing-village/

Sources: summary

COMPANY2019-04-07

Final Handover of Sidra Housing Village - Qatar

Mazaya Real Estate Development

value seen: developed by Mazaya Real Estate Development Company for the Qatar Foundation for Education and Science under Build-Operate-Transfer scheme (BOT)

https://mazayaqatar.com/final-handover-of-sidra-housing-village/

Sources: name

FILING2025-02-28

& CORPORATE GOVERNANCE

Mazaya Real Estate Development

Through a strategic partnership between Mazaya Real Estate Development and Namaa Real Estate Development, Voya Tower has been launched

value seen: Namaa Real Estate Development

https://mazayaqatar.com/wp-content/uploads/2025/02/Annual-Report-2024-EN.pdf

Sources: partner type

FILING2025-02-28

& CORPORATE GOVERNANCE

Mazaya Real Estate Development

Through a strategic partnership between Mazaya Real Estate Development and Namaa Real Estate Development, Voya Tower has been launched

value seen: strategic partnership

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://mazayaqatar.com/wp-content/uploads/2025/02/Annual-Report-2024-EN.pdf

Sources: summary

FILING2025-02-28

& CORPORATE GOVERNANCE

Mazaya Real Estate Development

Through a strategic partnership between Mazaya Real Estate Development and Namaa Real Estate Development, Voya Tower has been launched on the waterfront in Lusail City.

value seen: Voya Tower ... waterfront in Lusail City

held out of the figures · the quote does not carry this value

https://mazayaqatar.com/wp-content/uploads/2025/02/Annual-Report-2024-EN.pdf

Sources: name

COMPANY2011-01-16

QNCC residential compound

Mazaya Real Estate Development

the QR77 million contract was awarded to Shannon

value seen: Shannon

https://mazayaqatar.com/mazaya-qatar-in-the-first-phase-of-constructing-qncc-residential-compound/

Sources: partner type

COMPANY2011-01-16

QNCC residential compound

Mazaya Real Estate Development

The selection of the construction company followed an elaborate study and evaluation of all proposals submitted by bidders. Shannon Was selected

value seen: construction company

no listed category matches this wording, so it is shown as the source wrote it

held out of the figures · no listed category matches this wording

value paraphrased from this source

https://mazayaqatar.com/mazaya-qatar-in-the-first-phase-of-constructing-qncc-residential-compound/

Sources: summary

COMPANY2011-01-16

QNCC residential compound

Mazaya Real Estate Development

the QR77 million contract was awarded to Shannon. According to the agreement signed by Mazaya Qatar Real Estate Development Company (QSC) and Shannon, Shannon will finish and deliver part of the residential unit

value seen: QR77 million contract was awarded to Shannon

https://mazayaqatar.com/mazaya-qatar-in-the-first-phase-of-constructing-qncc-residential-compound/

Registrations & licences

COMPANY NUMBER

38173
Ministry of Commerce and Industry, State of Qatar · QA · Active operating company registration stated in the 2024 and 2025 financial reports

Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries

Qatar

active 1 project tracked

What they build

1 type

Residential, for rent

1 of 1

A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found

Ghanim Hasan Al-Ibrahim

Ghanim Hasan Al-Ibrahim is the current Chairman of Mazaya’s board and a non-independent representative of QIA. The 2026 candidate profile identifies him as Strategic Projects Advisor to Sheikha Hind Bint Hamad Al Thani and records an engineering degree from Qatar University.

Current title

Chairman

Experience

no career length stated

Companies before

none sourced

Education

Qatar UniversityBachelor of Science in Engineering

Other boards

Strategic Projects Advisor to H.E. Sheikha Hind Bint Hamad Al Thani

Known for

ChairmanQIA representativeStrategic Projects AdvisorBSc Engineering

Sources: institution

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

Holds a Bachelor of Science in Engineering from Qatar University.

value seen: Qatar University

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sources: full name

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

##### Mr. Ghanim Hasan Al-Ibrahim Chairman

value seen: Mr. Ghanim Hasan Al-Ibrahim

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sources: other boards

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

Currently serves as Strategic Projects Advisor to H.E. Sheikha Hind Bint Hamad Al Thani.

value seen: Strategic Projects Advisor to H.E. Sheikha Hind Bint Hamad Al Thani

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sources: tags

COMPANYdate not shown in source

Home Page - Mazaya Real Estate - Qatar

Mazaya Real Estate Development

##### Mr. Ghanim Hasan Al-Ibrahim Chairman

value seen: Chairman

https://mazayaqatar.com/

Sources: title

COMPANYdate not shown in source

Home Page - Mazaya Real Estate - Qatar

Mazaya Real Estate Development

##### Mr. Ghanim Hasan Al-Ibrahim Chairman

value seen: Chairman

https://mazayaqatar.com/

Ibrahim Jaham Al-Kuwari

Ibrahim Jaham Al-Kuwari is Mazaya’s Vice Chairman and a non-independent board member. The 2026 candidate profile describes him as an advisor at Qatar Foundation Endowment and records an engineering degree from the University of South Carolina.

Current title

Vice Chairman (Non Independent)

Experience

no career length stated

Companies before

none sourced

Education

University of South CarolinaBachelor’s degree in Engineering

Mazaya Real Estate Development

##### Mr. Ibrahim Jaham Al-Kuwari Vice Chairman (Non Independent)

value seen: Vice Chairman (Non Independent)

https://mazayaqatar.com/

Sheikh Hamad bin Mohammed Al Thani

Sheikh Hamad bin Mohammed Al Thani is Mazaya’s Board Member and CEO, with the company reporting his appointment as CEO on 13 November 2022. His documented background includes investment work at Qatar Insurance Company and credit work at Qatar National Bank, alongside degrees from HEC Paris and Heriot-Watt University.

Current title

Board Member & CEO

Experience

no career length stated

Companies before

Qatar Insurance Company (QIC)Qatar National Bank (QNB)

Education

HEC ParisMaster’s in Strategic Business Unit Management

Heriot-Watt UniversityBachelor’s degree in Business Administration

Other boards

Board Member – MilahaBoard Member – Qatar Gas Transport Company Ltd (NAKILAT)

Mazaya Real Estate Development

##### Sh. Hamad Bin Mohamad Al Thani Board Member & CEO

value seen: Board Member & CEO

https://mazayaqatar.com/

Mr. Jassim Mohammed Telefat

Jassim Mohammed Telefat is a non-independent Mazaya board candidate elected for the 2026–2028 term as a QIA representative. His documented outside role is Director of the Government Housing Affairs Sector at the Civil Service and Government Development Bureau; the candidate profile records both an MBA and an engineering bachelor’s degree.

Current title

Board Member (Non-Independent; QIA representative)

Experience

no career length stated

Companies before

none sourced

Education

Not specified in retrieved sourceMaster’s degree in Business Administration and Bachelor’s degree in Engineering

Sahmik

2. Mr. Jassim Mohammed Telefat. (Non-Independent) – Representative of QIA

value seen: Non-Independent; Representative of QIA

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sheikh Tamim bin Fahad Al Thani

Sheikh Tamim bin Fahad Al Thani is a non-independent Mazaya board member for the 2026–2028 term. The available profile records him as an officer at Qatar’s Ministry of Interior, chairman of Al-Arabi Sports Club, and an MBA holder from the University of Aberdeen.

Current title

Board Member (Non-Independent)

Experience

no career length stated

Companies before

none sourced

Education

University of AberdeenMaster of Business Administration

Sahmik

5. Sheikh Tamim bin Fahad Al Thani. (Non-Independent)

value seen: Non-Independent

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Mr. Yousef Ahmed Al-Sada

Yousef Ahmed Al-Sada is a non-independent Mazaya board member elected for the 2026–2028 term. His documented background includes directing Qatar University’s University Housing Department and holding other university administrative and supervisory roles; he holds a Bachelor of Science from Qatar University.

Current title

Board Member (Non-Independent)

Experience

no career length stated

Companies before

none sourced

Education

Qatar UniversityBachelor of Science

Other boards

Director of the University Housing Department – Qatar University

Known for

Board MemberNon-independentQatar UniversityUniversity housing

Sources: institution

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

Holds a Bachelor of Science degree from Qatar University.

value seen: Qatar University

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sources: other boards

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

Director of the University Housing Department at Qatar University.

value seen: Director of the University Housing Department – Qatar University

held out of the figures · the quote does not carry this value

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Sources: title

PRESS2026-03-17

Mazaya Real Estate Development Announces the Final List of Candidates for Membership of the Board of Directors for the (2026-2028) Term

Sahmik

6. Mr. Yousef Ahmed Al-Sada. (Non-Independent)

value seen: Non-Independent

https://sahmik.com/insights/mazaya-real-estate-development-announces-the-final-list-of-candidates-for-membership-of-the-board-of-directors-for-the-2026-2028-term

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases

The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

1 project

Project	Location	Type	Units	Floors	Area	Cost	Payment plan	Launched	Construction start	Original target	Handover	Delay	Confidence	Status
Sidra Village	Doha, Qatar	residential for rent	1,165¹	two-storey	—	QR 500m estimated cost	—	2010	October 12, 2010	Jul 2013 – Sep 2013	Apr 2019	+68.0 mo (+67.0 to +69.0)	sourced	completed

Project

Location

Type

Units

Floors

Area

Cost

Payment plan

Launched

Construction start

Original target

Handover

Delay

Confidence

Status

Sidra Village

Doha, Qatar

residential for rent

1,165¹

two-storey

—

QR 500m
estimated cost

—

2010

October 12, 2010

Jul 2013 – Sep 2013

Apr 2019

+68.0 mo
(+67.0 to +69.0)

sourced

completed

Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

2 found

GOVERNMENT RECOGNITION 2022
Honoring Mazaya Company for participation in training university students during the summer period – 2022
The developer reports that Qatar University honored Mazaya for participating in the summer training of university students.

Qatar University · https://mazayaqatar.com/init-awards/honoring-mazaya-company-by-qatar-university-for-its-participatio…

COMPANY AWARD Winner 27 September 2011
Best Real Estate Investment Strategy
The developer reports that Mazaya Qatar Real Estate Development Company won the Best Real Estate Investment Strategy award; the ceremony was held on 27 September 2011.

Arabian Business Achievement Awards – Qatar · https://mazayaqatar.com/init-awards/mazaya-qatar-wins-best-real-estate-investment-strategy-award-at-…

Risks

Auditor & credit ratings

audited accounts

Auditor

KPMG

Risk flags

5 found

LEGAL Judgment issued 28 January 2025; disclosed 30 January 2025.
A final Court of Cassation judgment required Mazaya to pay Sinohydro QAR 67 million, reduced from QAR 85,871,005.6; the dispute concerned the contractor for a project developed from 2012 and completed in 2018. Mazaya disclosed that the judgment was final and conclusive.

mazayaqatar.com · https://mazayaqatar.com/discloses-the-judgment-in-the-lawsuit-number-1596-2024/

FINANCIAL DISTRESS Financial position as at 31 December 2021; annual report published in 2022.
Mazaya’s 2021 audited report recorded a net loss of QAR 248,748,415, current liabilities exceeding current assets by QAR 135,346,617, and an auditor-highlighted material uncertainty that could cast significant doubt on the Group’s ability to continue as a going concern; the report said management was negotiating loan rescheduling.

mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2022/09/Annual_Report_2021_-_English-compressed_final-1.p…

DELIVERY DELAY Delay reported in the 2016 annual report; original expected handover 2016 and revised receipt 2017.
Mazaya’s 2016 annual report stated that the Sidra Village project would be received during 2017 instead of 2016 because the contractor was unable to deliver on time due to lack of liquidity; the later record describes the project as completed in 2018, so this is an historical delay rather than evidence of current non-completion.

mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2021/12/MQ_Annual_Report_2016_En.pdf

PROJECT CANCELLED FY2022 annual report, published February 2023; termination reported as a 2022 outcome
Mazaya Real Estate Development reported that the Marina Project in Lusail had become infeasible and that Mazaya and Qatar Foundation agreed to terminate the BOT agreement and return the land to Qatar Foundation; this superseded the earlier Marina Mall/Marina Plaza redevelopment plans and their projected 2022–2023 delivery dates.

mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2023/02/ANNUAL-REPORT-2022-FV-EN_.pdf

DELIVERY DELAY 2016 annual report, auditor report dated 2017-03-14; completion reported in 2018
Mazaya Qatar Real Estate Development’s Sidra Village residential project was reported as late because the contractor lacked liquidity, with receipt moved from 2016 to 2017; Mazaya later reported that the project was completed in 2018, so this is resolved historical delay rather than a current non-delivery finding.

mazayaqatar.com · https://mazayaqatar.com/wp-content/uploads/2021/12/MQ_Annual_Report_2016_En.pdf

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Coverage	active
Tracked since	October 9, 2026
Last checked	October 9, 2026 this month
Profile last researched	October 9, 2026
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