Three islands on The Pearl-Qatar, the US $2.5 billion iconic destination being reclaimed off the coast of the Qatari capital, Doha, have been sold to a private VVIP Gulf…
Three islands on The Pearl-Qatar, the US $2.5 billion iconic destination being reclaimed off the coast of the Qatari capital, Doha, have been sold to a private VVIP Gulf investor for hospitality development.
Under the multi-million-dollar deal, the investor has bought: Marsa Arabia – an anchor island-within-an-island in the centre of Porto Arabia, the main marina of The Pearl-Qatar; Viva Centrale, the island playground of Viva Bahriya, the project`s second largest bay, and Marsa Malaz island, which sits snugly in the centre of The Pearl-Qatar`s smallest bay – Costa Malaz.
The investor has stated that development will follow The Pearl-Qatar`s masterplan and the hotels to be built will be in line with the initial overall concept, said Nick Bashkiroff, Development Director, The Pearl-Qatar.
The original masterplan called for a 450-room, five-star hotel on Marsa Arabia. The property would sit in splendour on the island, the largest of three on the project, and would be a haven for some of the million business and leisure travellers expected in Qatar by 2010.
The hotel will face an idyllic expanse of marine activity and a Riviera-style shoreline, explained Bashkiroff. The Marsa Malaz property was conceptualised as an exclusive hotel and spa.
The island`s hotels will be destinations in their own right and will enhance The Pearl-Qatar`s positioning as The Riviera Arabia – a place to experience a Mediterranean lifestyle in the heart of the Arabian Gulf, he said.
Meanwhile, The Pearl-Qatar has launched the sale of around 500 townhomes fronting the 2.5 kilometre La Croisette boulevard which skirts the main Porto Arabia harbour.
The one, two, three and four-bedroomed town homes are the final freehold residential offerings on Porto Arabia, which will be the bustling heart of The Pearl-Qatar.
These homes are individualistic in style with the one and two bedroom designs being single storey, the three-bedroomed homes being designed as duplexes and the four-bedroomed units being three storied. All will have magnificent views over La Croisette and directly onto the 400-berth Porto Arabia which is set to be an international super-yacht hub, said Bashkiroff.
The town homes range in price from just over US $300,000 to US $1.3 million.
We anticipate strong demand for these homes which offer investors opportunities at one of the most glamorous addresses in the Arabian Gulf.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
