Doha: Mazaya Real Estate Development has reported a net loss of QR 69,990,232 for the year 2024, a stark contrast to the net profit of QR 29,687,237 recorded in 2023.

According to Qatar News Agency, the company's financial statement, published on the Qatar Stock Exchange website, revealed that the loss per share amounted to QR 0.070 in 2024, compared to a profit of QR 0.026 per share in the previous year.

Mazaya Real Estate Development, founded in 2008, is engaged in various real estate activities, including developing and managing residential complexes, real estate investment, land development for resale, construction, project management, real estate marketing, property management, maintenance, and brokerage services.