Lusail Announces Launch of Second Phase of Qetaifan Islands Sales
Qatar’s leading real estate firm, Lusail Real Estate Development Company, has announced the launch of the second stage of luxury villa sales at Qetaifan Islands.
The villas will be sold exclusively to Qataris through a public offering system whereby buyers will be drawn from a pool of applicants. The public offering will be organised in close cooperation with government authorities.
Interested applicants can visit the Sheraton Hotel where Lusail Real Estate Development Company will host a booth over a three-day period starting 22 June 2015 to brief potential clients about the project. Representatives of Lusail Real Estate Development Company will be available on a daily basis till 12 p.m. to answer inquiries.
In March of last year, Lusail Real Estate Development Company announced the first stage of sales at Qetaifan Islands. The first phase featured the sale of 50 land plots with a surface area ranging between 1,200 and 4,100 square meters.
Located just off the coast and a short drive from the heart of Lusail City, Qetaifan Islands offers its residents a holistic community experience in a relaxed and luxurious environment.
The islands, which were designed to maximise views to the magnificent waterfront, include a marina that hosts some of the most exclusive beaches and marvelous yachts. The islands will be connected through a network of pedestrian bridges and will feature a number of traditional souks, reflecting Qatar’s cultural heritage. The souks offers an exclusive shopping experience to visitors who will benefit from more than 3,500 parking lots connected to a multitude of exists through tree shaded pathways.
The surrounding area will also host children playgrounds scattered along the walkway facing the marina of Qetaifan Islands, which will be home to two schools in addition to a number of mosques.
The four islands are connected to Lusail City through suspension bridges decorated by granite and luxurious glass fences. The lighted and colorful bridges, which connect the islands to Lusail City’s central zone, also feature gardens and fountains on both ends.
Lusail City is a visionary development of the State of Qatar, master-planned by Qatari Diar and developed by LREDC, to become a unique state-of-the-art city in Qatar, the region, and worldwide. The Lusail City development project is one of the largest and most elaborate developments being undertaken around the world, over a substantial area of 38 sq km where more than 200,000 people will live, work, raise their families and enjoy their lives. It will encompass not only new residential, commercial, and retail opportunities, but a full array of community needs, complete with schools, medical facilities, entertainment and shopping centers.
Lusail Real Estate Development Company, a subsidiary of Qatari Diar Real Estate Investment Company, was established in September 2008 and is dedicated to executing the development, construction and ongoing operations of the flagship Lusail City development project. LREDC was created to facilitate relationships with Lusail City’s primary stakeholders including the investors and development partners in the project.