Rawabi Brochure

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





BAYTI PALESTINE



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.





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.





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.



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.





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.



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.



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.



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.





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:


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



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.



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



“A little of this absolute and blue infinity would be enough to lighten the burden of these times.”

Mahmoud Darwish / Under Siege



Contact Information


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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Rawabi Brochure

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