H.E. Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects and Vice Chairman of Katara Hospitality, launched the sales of the second phase of residential villa plots yesterday during the press conference hosted by the Ritz Carlton Hotel. The conference was attended by Mr. Hesham Sharaf – Chief Operating Officer, Sheikh Nasser bin Abdulaziz Al-Thani – Head of Business Development Department at Qetaifan Projects, and Mr. Nasser Hassan Al-Ansari – Chairman of the Board of Directors of Just Real Estate Company – Sales Agent, and Mr. Salman Jassim Al-Darwish – Chairman and CEO of Al Boraq Automobiles Co. W.L.L.
In addition to Eng. Jamal Al-Kaabi – Board Member of Qetaifan Projects, and Mr. Samer Malaeb – Regional Director of Admares, among a group of VIPs, visitors, as well as journalists and reporters.
On this occasion, H.E. Sheikh Nasser Bin Abdul Rahman Al-Thani – Managing Director of Qetaifan Projects, said "Given the high demand on Qetaifan Island North’s Phase 1 villa plots, which was launched last year during Cityscape exhibition after studying the market and by offering competitive prices and payment facilities to owners and investors, and in continuation of the company's success, we announce the sales launch of Phase 2 Villa Plots, consisting of 51 plots including beach access villas, waterfront villas, and garden villas. His Excellency added, "We have launched a new real estate product for the first time in the Middle East, which is 10 villa plots with access to a five-star operated beach, at competitive prices, and financing facilities for either owners or investors.
H.E. Sheikh Nawaf bin Jassim bin Jabor Al-Thani – Chairman of Katara Hospitality and Qetaifan Projects, affirmed that “the demand for investment in phase 1 of Qetaifan Island North reflects the position the company has reached in the local real estate development market, indicating that the project represents a starting point for Qetaifan Projects towards developing more projects and serving various state sectors.
H.E. also added that investors aspire to benefit from the returns of Qetaifan Island North project through the safe environment achieved by the state to encourage and attract foreign investments and create new opportunities, noting that this will positively affect the local market and will encourage competition and inspire the state’s sectors in all fields. Especially that these sectors have witnessed a remarkable revitalization in recently. As Qetaifan Island North is part of Lusail city, and features seven beaches, which makes it a distinctive waterfront for the city. The island spans 1.3 million sqm, and the area of projects on the island extends to approximately 830,000sqm. He continued “We believe in the future of Qetaifan Island North and are working hard and sincerely to make the island a pioneering touristic destination.
H.E. explained that Qetaifan Island North serves the plans to host the 2022 World Cup, as it provides modern facilities capable of accommodating a large number of hotels, retail outlets, restaurants, and unique recreational facilities such as the waterpark and the vast green spaces. Whereas, Qetaifan Island North represents a commitment to investing in the development of the tourism industry and strengthening the hospitality sector in Qatar, indicating that Katara Hospitality's vision aims to change the world of hospitality through investment and innovation, which would leave a prominent legacy for future generations in line with Qatar's National Vision 2030.”
A New Real Estate Product for the First Time in the Middle East
The new product is 10 villas with beach views, and the beach villas have access to a 5-star operated beach for the first time in the Middle East. This will give more privacy to the villas and allow their residents to enjoy the services and facilities of the hotel. It is worth mentioning that the areas of the beach access villas range from 1000sqm to 2400sqm, the waterfront villa plots range from 1000sqm to 1800sqm, and the garden villas reach an area of 1300sqm at an average of 850sqm. The design of the villas allows building a ground floor in addition to two floors, including the first floor and a penthouse, and a basement can also be built for those who wish. The villa plots are located on the Eastern side of the island on the beach and overlook the hotel. The plots are designated for the construction of residential villas, including beach access villas, waterfront villas, and garden villas. For transparency, the same sales mechanism that was used in Phase 1 will be applied; by bidding on the down payment only in a ceremony attended by all interested investors who reserved a plot.
Achievements Despite the COVID-19 Pandemic
On this topic, His Excellency Sheikh Nasser bin Abdul Rahman Al Thani, Managing Director of Qetaifan Projects said, “In the challenging time of the Coronavirus pandemic, we have been keen throughout the previous period to follow the precautionary measures put in place by the Ministry of Public Health and the Supreme Committee for Crisis Management to ensure the continuity of work at the construction site. We reached more than 4 million man working hours around the clock, seven days a week. " And he added, "There are about 7,000 workers and 7 contractors entrusted with implementing 7 different project packages on site. On the corporate level, Qetaifan Projects signed a contract with Sarner International to implement the edutainment ride at the water park, which will witness 3D augmented reality shows about the story of discovering oil and gas in Qatar in order to enrich the Qatari culture. We also signed with Severn Lambs to manufacture trains that will connect the water park to the Icon Tower island. And he continued, "As for Qetaifan Projects’ team, the accounting team obtained the accreditation of the Association of Chartered Certified Accountants, as well as 7 employees obtained memberships from The Chartered Institute of Marketing, and Qetaifan Projects won the award for the Best Place to Work in Doha. We always consider one of our most important achievements is that we mostly rely on the local private sector in the construction of Qetaifan Island North.
In this regard, H.E. Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects, said, “One of our strategies is to rely on bringing global expertise and join efforts with national institutions to support Qatar’s economic vision, which will positively reflect on the brand. The company is establishing its position in the local market, and among these national institutions are JEEM TV and Baraem Channel, which were hosted to film Al-Tahadi program, for the first time on one of Qetaifan Island North’s beaches, in addition to Al Khaliji Bank, the financing partner who works to provide facilities for those wishing to invest in Qetaifan Island North. As well as the sales agent, Just Real Estate, which competes with International real estate agencies.
On this occasion, Mr. Nasser Hassan Al-Ansari, Chairman of Just Real Estate, added, “The sales launching of Qetaifan Island North’s phase 2 is an addition to the real estate market in Qatar, and presents an opportunity for investors and those wishing to build their own villas with stunning sea views. Qetaifan Island North is an investment attraction that offers a great mix of entertainment, housing and hospitality. Phase 2 investors are of the category of people looking for a distinctive lifestyle, as the project also provides an opportunity in a central entertainment destination for the 2022 FIFA World Cup.”
It is also worth mentioning that during the conference, Qetaifan Projects signed a memorandum of understanding with Al Boraq Automobiles Co. W.L.L., which includes the supply and construction of electric charging stations for electric cars on Qetaifan Island North. In addition to a showroom focusing on the benefits of using electric cars and their impact on the environment, that will be located in the beach club on the island. This comes in line with the state’s drive to increase long-term sustainability projects. Hence, Qetaifan Projects has added a new global brand to its partners' portfolio.
In this regard, Mr. Salman Jassem Al-Darwish – Chairman and CEO of Al Boraq Automobiles Co. W.L.L. added, “While the Porsche Center Doha continues to enhance the Porsche E-Performance range of products, especially with the launch of the Taycan, the first fully electric sports saloon from Porsche, we are pleased and honored to cooperate with Qetaifan Projects, which shares Porsche’s drive to provide an exclusive and unique product abiding to quality standards, in addition to supporting the state's policy in promoting sustainability.
The selection of Porsche charging stations’ locations is a very careful process and we are pleased that Qetaifan Island North will be the promising destination for exclusive family entertainment from our partners. The Taycan can cover up to 463 kilometers after a single charge, so it often doesn't need to be charged on the go. But we want to give our customers peace of mind by expanding our network of charging stations in the country."
To ensure transparency, and in accordance with the principle of equal opportunity for all, the sale process will be through bidding on the down payment for each plot, the same process that was followed for phase 1 villa plots, and accordingly, all those wishing to own a property in Qetaifan Island North will be invited to an event that will be held at the Ritz-Carlton Hotel on the 8th of December 2020. Noting that it has been announced that the door for reservations will be opened to all during the launching of “Qatar Achievements on Vocational Safety Book” event in October 2020, where Qetaifan Projects won the Safety Excellence award in the real estate sector.
Marketing Plans, Competitive Prices, and New Products
His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects and Vice Chairman of Katara Hospitality, added, "The sales launching of phase 2 at this time 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."
Source: Press Release
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