A Remarkable Demand on Ownership in Qetaifan Island North

Sales Launch of Qetaifan Island North’s Phase 3 Residential Villa Plots

H.E. Sheikh Nasser bin Abdulrahman Al Thani – Managing Director of Qetaifan Projects, chaired a press conference for the sales launch of Qetaifan Island North’s phase 3 villa plots held at the Ritz-Carlton Hotel, Doha. The conference was attended by Mr. Hesham Sharaf – Chief Operating Officer, Mr. Jean Antonios – Chief Legal Officer, Sheikh Nasser bin Abdulaziz Al-Thani – Head of Business Development in Qetaifan Projects, and Mr. Nasser Hassan Al-Ansari – Chairman and CEO of Just Real Estate – Sales Agent.

Mr. Nasser Al Mawlawi, Mr. Mohamed El Emadi Group Chief Business Officer – Masraf Al Rayyan, Mr. Ahmad Al Boainin, Mr. Erfan Sherif, Mrs. Amena Tena from Katara Hospitality, also attended the conference, amidst a group of VIPs, guests, reporters and journalists.

On this occasion, His Excellency Sheikh Nasser bin Abdulrahman Al-Thani – Managing Director of Qetaifan Projects, said:

“Following the achievements and success of Qetaifan Projects, the master developer of Qetaifan Island North and due to the high demand witnessed on residential villa plots in Phase 1 and 2 , after a comprehensive and careful study  of the  real estate market we announce the sales launch of the third phase of residential villa plots in Qetaifan Island North – a total of 40 villa plots, comprising of  beach access villas, waterfront, garden view, and for the first time villas overlooking Qetaifan Island North’s Linear Canal.” His Excellency added, “We have introduced new plots due to the remarkable demand for ownership on Qetaifan Island North and in response to the requirements of the market, which has been witnessing remarkable growth lately, especially after the implementation of the Freehold law for non-Qataris, in addition to allowing those who have not had the chance to own plots in Phase 1 and 2, at competitive prices and financing facilities for both owners and investors.”

A distinctive waterfront view of Qetaifan Island North’s Linear Canal

In addition to the beach access, waterfront, and garden view villas, a number of plots will be offered for the first time to allowing owners to build villas that enjoy privacy and access to a distinctive view of Qetaifan Island North’s Linear Canal and the sea. The plot areas range from 1,000 sqm to 2,060 sqm. The waterfront plots areas range from 1,020 sqm to 1,250 sqm, and the Garden view plots reach 1,200 sqm. The design of villas allows the owners to construct a ground floor in addition to two floors including the first floor and a penthouse, owners could also build a basemen, should they prefer. The villa plots are in the northern side of the island with access to the beach and overlooking Qetaifan Island North’s Linear Canal.

To guarantee transparency and in accordance with the principle of equal opportunities, we will be following the bidding mechanism on the down payment in a ceremony that all clients who reserved a plot will attend.

Achievements Continue Despite Challenges

On this occasion, his Excellency Sheikh Nasser bin Abdulrahman Al-Thani, Managing Director of Qetaifan Projects, added: “The dream is about to come true, the work on site is under way 24/7, more than 7,000 workers and 7 contractors are implementing 7 different project packages, and the teams that have put in all of their efforts to present this project in a way that suits Qatar as the first Arab country hosting the FIFA World Cup. Everyone works sincerely and with dedication, believing in the importance of this project, its promising future, the diversity it will add to sectors such as tourism and hospitality, and how it will contribute to the future of the entertainment industry, which will stimulate domestic tourism and attract tourists from all over the world, and one of our most important achievements, which we are proud of is our 90% reliance on the local market.”

His Excellency added: “We consider the development of Qetaifan Island North a unique experience and a success story with its residents and visitors, which we keep in mind as developers. The most prominent feature of this experience is the diversity of the real estate products on the island. In addition to hotels, recreational facilities, beaches, and retail, there is a school and a medical center, to provide residents and visitors with all the needed amenities.” His Excellency added: “For this, and based on our study as real estate developers for this project and our study of the market, Qetaifan Projects was awarded the Best Mixed-Use Development in the world for Qetaifan Island North development by the International Property Awards in the UK, where Qetaifan Projects was selected among 120 real estate developers around the world. In addition to two regional awards, which puts more responsibility on us and opens the way for us to develop more sustainable projects that will benefit the country and align with Qatar’s Vision 2030.”

On this occasion, Mr. Nasser Hassan Al Ansari, Chairman and CEO of Just Rail Estate, added “ The sales launch of the third and final phase of Qetaifan Island North’s residential villa plots is a milestone in the development of Qatar’s future iconic destination, as Qetaifan Island North represents an unparalleled opportunity for investors to invest in a project of national importance and benefit from its financial returns. The third phase was prepared based on what was requested in the previous phases.”

This family destination will serve as an investment magnet offering a great mix of entertainment, residential, hospitality and retail opportunities. Phase 3 investors will be those looking for a distinguished lifestyle.

It was also announced at the conference that the distribution of the Sales & Purchase Agreements for phase 1 and 2 plot owners will start on March 20th.

Sales Process

In order to ensure transparency and in accordance with the principle of equal opportunities, Qetaifan Projects will follow the same sales process of phase 1 and 2, which is bidding on the down payment. All those who reserved plots in Qetaifan Island North will be invited to a bidding ceremony that will be held at a hotel. It was announced that reservations will start immediately after the conference ends.

His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani – Managing Director of Qetaifan Projects concluded, “The sales launching of phase 3 means a lot to us, and as a company and team, it places more responsibility on us towards this huge national project through which we seek to be in line with the national vision of the State of Qatar and the country’s aspirations to lay the foundations for development in all sectors. His Excellency added, “We work at Qetaifan Projects to study supply and demand, and we always strive to keep pace with the needs of the real estate market, and we renew our plans continuously in line with the market state and the sectors that Qetaifan Island North will cater to.” He continued, “All involved parties, starting from Qetaifan Projects’ team and ending with the investor, in addition to the partners, whether local or international, are winning and lucky to work on this project, and we still have more plans and products that will enrich the real estate development market in Qatar at competitive prices.”