The Pearl Qatar, a multi-billion dollar island coming up just 350m offshore of Doha’s West Bay, is fast getting ready to receive its first residents by the year-end.
Spanning nearly 4mn sq m and creating more than 32km of new coastline, the island will be Qatar’s first international real estate venture and home to some 40,000 residents in more than 16,000 dwellings and 13 precincts by 2011.
Developed by United Development Company (UDC), The Pearl-Qatar is one of the country’s largest real estate developments, and the first one to offer freehold and residential rights to international visitors.
In an interview with Gulf Times UDC chairman Hussein Alfardan said The Pearl-Qatar was “something unique, beautiful and we are all excited about it. We are looking forward to receiving our first residents by the year-end.”
Alfardan said HH the Emir Sheikh Hamad bin Khalifa al-Thani on his recent visit to the island was “very much impressed” with the developments at The Pearl-Qatar and proud to see Qatar could do such things.”
The island is at the heart of Doha’s development boom as commercial, retail and residential communities move north to the West Bay. The island’s design draws from various elements such as the Arab Maghreb, the Mediterranean and also Venetian characteristics and style.
The four-phase multi-use development will be implemented over a five-year period and will include five-star hotels, marinas, a yacht club, schools and other services as well as luxury residential property and upscale retail, restaurant and lifestyle amenities.
A Gulf Times team which visited The Pearl-Qatar recently was told that the premium real estate development, on completion, would have 13 themed districts, four luxury hotels, three marinas, three marinas comprising moorings for more than 1,000 boats, 2mn sq ft space for upscale retailers and restaurant and cafes, vacuum solid waste disposal and facilities for district cooling.
“At The Pearl-Qatar we offer residents a secure and exclusive island retreat that brings the ambience and lifestyle of the Mediterranean to the Gulf,” a UDC executive said.
The first residents of The Pearl-Qatar will move into Porto Arabia, a precinct which combines elegant towers and townhouses. Apartments will have one to four bedrooms, luxury penthouses and leisure and fitness amenities.
Characterised by a 2.5km promenade, it will also house a big selection of renowned fashion brands and world class food and beverage outlets.
Porto Arabia will have among other world-class facilities including some 31 Mediterranean-style towers with some 4,800 units, 437 town houses and low-rise terrace apartments, 412 retail and food and beverage outlets, La Croisette, a 2.5km of retail including mono brand boutiques, amphitheatre and an exclusive beach club and hotel.
Alfardan said over the next few weeks several festivities had been arranged at The Pearl-Qatar to celebrate the first residents moving into the world-scale real estate development.
“The Pearl Qatar clearly proves that we can achieve great things if we are creative, have belief in ourselves and work hard. Qatar is an open country for investment. At UDC we have made use of all that our country provided us,” Alfardan said.
Established in 1999 UDC is one of Qatar’s largest shareholding companies, and is actively involved in several key projects in the country. UDC was listed on the DSM in 2003.
GT
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