The final tranche of the La Plage beachfront villas on The Pearl-Qatar, the US $2.5 billion island being reclaimed offshore the Qatari capital of Doha, have gone on sale following a highly successful take-up…
The final tranche of the La Plage beachfront villas on The Pearl-Qatar, the US $2.5 billion island being reclaimed offshore the Qatari capital of Doha, have gone on sale following a highly successful take-up of the two previous releases – La Plage West and La Plage Centrale.
The final villa release – on La Plage East – consists of 105 individualistic properties which sit at the furthermost end of the Mediterranean-style island and come with fabulous sea and city views of Qatar`s prestigious West Bay area.
The attraction of La Plage East is that it is a rather secluded setting and yet in reality, just a short drive away from the island`s main centre, the Porto Arabia, and from downtown Doha, explained Nick Bashkiroff, Development Director, The Pearl-Qatar.
Demand for luxury beachfront properties on the rediscovered island has been high with the first 43 La Plage West villas selling out within a week of release and the 53 La Plage Centrale taking just days to be allocated.
All three La Plage districts hug a meandering coastline and all the luxury island getaways have sweeping sea views.
The buyers have a mixed profile, from individual investors within Qatar and the GCC, to institutional buyers from the Sub-continent, Europe and the wider Middle East, said Bashkiroff.
The Pearl-Qatar believes central to the success of villa sales was its tailor-made triple-option purchase plan allowing investors to buy a plot and build their dream homes, have the developer build to an approved design or buy a property direct from the developer.
The La Plage villas, which are due for completion in the first half of 2006, all have their own private swimming pool and exclusive beach frontage. They come in six Mediterranean design themes – Portofino, D`Este, San Marino, St. Tropez, Del Mar and Piaggi – and a range of styles from three to six bedrooms. The designs were created by global design and project management consultants KEO International.
The Mediterranean theme of the villas was adopted to reflect the brand essence of The Pearl-Qatar, which as an iconic asset for the country, is positioned as The Riviera Arabia, explained Bashkiroff.
La Plage is a very prestigious address on an island which, in itself, offers the most glamorous location in the Persian Gulf. The villas have been designed for investors who value spectacular locations and discreet style. They will feature the finest of materials to live up to the world-class delivery which is integral to The Pearl-Qatar offering.
About the Pearl-Qatar
This US $2.5 billion offshore, Riviera-style man-made island, covering 985 acres of reclaimed land, is Qatar`s first international real estate venture, the largest real estate development in the country and the first to offer freehold and residential rights to international investors. It will create over 30 kilometres of new coastline.
The Pearl-Qatar`s name and location, on a former pearl diving site, leverages the country`s traditions, and strong historical and cultural ties to the sea – it is an island rediscovered.
The Pearl-Qatar will eventually house 30,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive island retreat bringing the ambience and lifestyle of the Mediterranean to the heart of Arabia.
The four-phase development comprises 10 distinct districts to be developed over five years, with the first investors expected to take up residency in late 2006. The Riviera Arabia themed districts will house three luxury hotels, three marinas, with combined mooring for over 700 boats, and 60,000 square metres of luxury retail and restaurant space.
The Pearl-Qatar is being built 350 metres offshore the West Bay Lagoon area of the country`s capital, Doha. Whilst offering an exclusive retreat, the island will also be closely integrated with, and have easy access to, the capital`s thriving community.
Dredging work for The Pearl-Qatar is currently underway; the project in total is due for completion in 2009.
The Pearl-Qatar is being developed and promoted by United Development Company (UDC), Qatar`s largest private sector shareholding company.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
