Qatar Real Estate

The Pearl-Qatar Awards Parsons International Detailed Engineering Design Contract

noreply@blogger.com (Anonymous) — Mon, 28 Aug 2006 07:53:00 +0000

The Pearl-Qatar, the US $2.5 billion man-made island being built offshore the Qatari capital of Doha in the Arabian Gulf, has awarded a multi-million dollar contract to Parsons International Limited, the Middle East arm of the US-headquartered infrastructure development and programme management leader. The scope of work includes the detailed engineering design of The Pearl Qatar's roads, infrastructure and landscaping.

The award follows a highly competitive international tender which attracted bidders from the Middle East, Europe and the USA.

"Parsons' edge in successful selection was its 60-year reputation based upon dependability and competency in managing some of the world's most challenging infrastructure projects," said Nick Bashkiroff, Development Director, The Pearl-Qatar.

"This is a world-class project and we are committed to the appointment of world-class service providers needed to deliver a project of this level of exclusivity. A high level of quality delivery is what will differentiate The Pearl-Qatar which will be an aspirational address with facilities unsurpassed within the country, indeed the Middle East. It will be a destination of pride for all Qataris and investors."

Covering some 988 acres, The Pearl-Qatar will be two-thirds the size of the Western Mediterranean island of Gibraltar. It will be linked to Qatar's mainland via a 355 metre-long, palm-tree lined, eight-lane super highway.

The Pearl-Qatar is the country's first international real estate venture, its largest real estate project and the first in Qatar to offer freehold and residential rights to international investors.

The project, which will create over 40 kilometres of new coastline, is being developed and promoted by United Development Company (UDC), Qatar's largest private sector shareholding company which is listed on the Doha Securities Market.

The rediscovered island, which is being built on a reclaimed pearl diving reef, will offer a Riviera-style community with 30,000 residents in 10 distinctly themed districts, three deluxe hotels, four marinas, leisure facilities and 60,000 square metres of luxury retail and restaurant space.

"This is an excellent win for Parsons which is establishing a portfolio of infrastructure clients around the Middle East covering some of the region's most ambitious and innovative projects," said Lewis Case, Parsons Vice President and manager of Middle East Operations.

"The Pearl-Qatar will raise the bar for the region's freehold real estate, tourism and retail sectors and will be a priceless asset for Qataris and the country."

Dredging work for The Pearl-Qatar is currently under way. The first investors are due to take up residency in late 2006 with the entire project due for completion in 2009.

Parsons International Limited has also produced an Environmental Impact Assessment (EIA) of The Pearl Qatar, which has been submitted to The Supreme Council For The Environment & Natural Resources in Qatar.

"The Pearl-Qatar is being built with environmental concerns upper-most in mind," said Bashkiroff. "Through socio-conscious planning, we will create a diversity of environments and experiences that will be new to the region.

"The EIA has shown that new marine habitat would be created by the project and also that The Pearl-Qatar will have a positive effect on bird life. The new upland vegetation that is to be created by this project is likely to attract a variety of perching bird species currently limited to only parks and open spaces within Doha."

http://www.expatsite.com/newsarticles/articledetail123.php3?newsarticleid=1046

Qatar’s first freehold properties now released

noreply@blogger.com (Anonymous) — Mon, 28 Aug 2006 07:50:00 +0000

The first freehold properties ever to be offered for sale in the Arabian Gulf state of Qatar went on the market today. This follows a test-marketing period which saw great interest from potential investors from within the Gulf Co-operation Council states and beyond, all looking to get in on the ground floor of the latest Middle East real estate market to open up.

The 1,012 fashionable apartments, 28 luxury penthouses and 140 stylish town homes in seven, 20-storey towers are due to be completed in the final quarter of 2006/first quarter 2007 and will line Porto Arabia – the main harbour of the rediscovered island, The Pearl-Qatar, being reclaimed offshore the Qatari capital of Doha.

The range of one, two, three and four-bedroomed homes, most with sweeping sea or picturesque harbour views, come in four architectural styles – Monaco, Tuscan, Provencal and Florentine - conceived to reflect The Pearl-Qatar’s Riviera Arabia positioning. The marketing of the towers also represents a lifting of the benchmark in the Middle East’s real estate framework.

“These are the first properties within the Arabian Gulf to be offered with true freehold status as laid down in Article 3 of decree number 17 of 2004, issued by the Emir of Qatar, His Highness Sheikh Hamad Bin Khalifa Al Thani on June 6th of this year,” said Omar Al Fardan, Director, United Development Company (UDC), the developer and promoter of The Pearl-Qatar. “This decree, which is backed by cabinet approval and is subject to a draft protocol between UDC and the Government of Qatar, regulates the ownership of real estate and residential units by non-Qataris.

“We believe local, regional and international investment will be attracted to this unique destination off the coast of one of the world’s most rapidly expanding economies.”

The sales launch coincided with UDC’s unveiling of the The Pearl-Qatar’s final masterplan and brand essence.

“The island will become the Riviera Arabia and each of the 10 themed districts and their individual localities is named to reflect a Mediterranean lifestyle in the heart of the Gulf,” said Nick Bashkiroff, Development Director, The Pearl-Qatar.

“The names have been created with a mix of French, Italian, Spanish and Arabic, summoning up the promise of an iconic destination and one of the most glamorous addresses in the Middle East.

“To invest in a home on The Pearl-Qatar is to invest in a lifestyle, which is exclusive in atmosphere, unrivalled in quality and unique in its Riviera treatment.

“The Riviera Arabia concept will position The Pearl-Qatar as truly world-class and differentiate it from other developments within the region and around the world.”

The seven West Porto Drive towers of the project’s first phase will skirt La Croisette, which will be a lively 2.5 kilometre long hub for diners and shoppers. The luxurious Croisette town homes sit on the marina’s edge. The Porto Arabia will eventually feature 21 high rise residential towers in a Riviera-like boardwalk setting around the 400-boat slip marina.

“Every home in Porto Arabia will feature luxurious amenities and an ambience that is truly Mediterranean,” said Bashkiroff.

Also within Porto Arabia is the Fanar Croisette lighthouse, shopping, dining and residential district characterised by its boulevard café culture and upscale quay-side boutiques. The dynamic hub of Porto Arabia is the Piazza Arabia – a destination with an exciting international blend of retail, dining and cosmopolitan chic. The festive heart of Porto Arabia is Ras Croisette with all-night restaurants and lounges.

In the heart of Porto Arabia lies the Marsa Arabia anchor island. Accessed via a causeway, this ‘island-within-an-island’ will feature a 250-room, five-star hotel – a haven for some of the million business and leisure travellers expected each year in Qatar by 2010.

The Pearl-Qatar, 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.

When complete in 2009, some 30,000 people are expected to live on the island, which will be linked to the mainland by an eight-lane, palm-tree lined boulevard – the Grand Cruz.

The four-phase development will have 10 distinct districts housing three luxury hotels, four marinas, with combined mooring for over 700 boats and 60,000 square metres of luxury retail and restaurant space.

“Land reclamation is currently ahead of schedule and piling for the seven towers in the first phase is imminent,” explained Bashkiroff.

Qatar - Country Facts

noreply@blogger.com (Anonymous) — Sun, 27 Aug 2006 10:09:00 +0000


Rating:

Foreigners are now allowed full freehold ownership of property and associated land in specific projects in Qatar. True legislated defacto freehold ownership for foreigners is a major incentive with uninhibited passage of title to inheritors and a residence visa granted in perpetuity against ongoing ownership.

Qatari Riyal: The Qatari Riyal is pegged to the US Dollar, US$ 1 = QAR 3.64 and therefore maintains regular parity with other Gulf currencies as well as dollar related source funds.

Economic climate: There is no taxation on personal income and no withholding and VAT tax in Bahrain. Qatar does however impose corporation tax. The Gulf state is in commercial boom and property prices are likely to increase, as there is great interest in the Riviera style projects such as The Pearl-Qatar.

Capital Gains Tax: Capital Gains tax does not exist in Bahrain and any other form of property levy other than the developers service charge mentioned below is yet to be defined in ongoing legislation but is unlikely in the medium term.

Popular Areas: The Qatari government will grant foreigners the right of total freehold ownership in the specific developments: The Pearl - Qatar Island, West Bay Lagoon and Al Khor. Properties in high-rise buildings in residential areas and in government designated ‘Investment Districts’ are sold subject to 99 year lease conditions.

Price ranges: Property prices are likely to stand up well against competing Gulf states at around 8700 QAR per square metre especially as the level of quality and facilities involved is most certainly at the top end.

Overseas Investors: The Qatar Government’s decision to open up the real estate market to foreign investment was ratified in June 2004 with the enactment of “Law No. 17 of 2004 Regulating the Ownership and Usufruct of Real Estate and Residential Units by Non-Qatari’s”.

Service Fees: There is no separate purchase fee structure. For example in The Pearl-Qatar a deposit is paid followed by regular quarterly payments up to completion. An ongoing post completion service fee is payable to the developer for upkeep of infrastructure and environment on 100% freehold projects.

Mortgages: Commercial Bank of Qatar is currently the only mortgage loan provider approving finance for foreign expatriates at the time of going to press. As further projects are released we understand that there will be additional institutions who are preparing to offer home loan products.

http://www.propertyworldme.com/content/html/1398.asp

Qatar permits foreign ownership of property in selected developments

noreply@blogger.com (Anonymous) — Sun, 27 Aug 2006 10:04:00 +0000

Author: Lisa Dale	Thursday, December 30, 2004 at 08:51
Rating:

During the Fourth Global Travel and Tourism Summit in May 2004, the Qatar Tourism Authority unveiled the Qatar Tourism Masterplan, which represents the Qatar Government’s vision to transform the State into a high-quality destination for cultural tourism, beach resorts, shopping, lifestyle, business and sports events. Lisa Dale reports.

The vision is supported by an ambitious construction programme, and investment of approximately US$15 billion over the next few years by Government and its investment partners.

Highlights of the plan

The plan includes the opening of eight new luxury hotels between 2004 and 2006, while construction on the Al Fareej Resort, an Arabian-themed resort village at Al Khor, 40 kilometres north of Doha is expected to start in 2005.

Reclamation work on the four square kilometre The Pearl-Qatar Island has already started. This development will comprise 7,600 villas and apartments, three luxury hotels, four marinas and a variety of leisure and retail areas. Construction of the 32 square kilometre North Beach development is also expected to begin in the early part of next year. This development will accommodate 10 resort hotels, two golf courses, 3,000 villas, 12,000 apartments, 300,000 square metres of retail shopping and 6,000,000 square metres of commercial space.

To accommodate the expected influx of tourists, the new Doha International Airport will be constructed on reclaimed land on the edge of the city, at an estimated cost of US$5 billion. Upon final completion, this airport will have an annual capacity of 50 million passengers. The first phase is scheduled to open in 2008.

Focussing on cultural tourism, the plan provides for a new 45,000 square metre Museum of Islamic Arts on the edge of Doha Harbour, and a new landmark National Library on Doha’s Corniche – both scheduled to open in 2006. The Qatar National Museum will be redeveloped and is also expected to re-open in 2006, while 2007 hopes to see the inauguration of a new Photography Museum also situated on the Corniche.

Attracting foreign investment

The Qatar Government’s decision to open the country’s real estate market to foreign investors was formalised in June of this year, to coincide with the launch of the Qatar Tourism Masterplan.

In summary, the enactment of Law No. 17 of 2004 Regulating the Ownership and Usufruct of Real Estate and Residential Units by Non-Qatari’s provides for ownership of real estate of any description by Qataris and non-Qatari nationals in The Pearl-Qatar Island, West Bay Lagoon and Al Khor developments. It also stipulates that Qataris and other GCC nationals may own real estate of any description in investment areas, designated as such by Cabinet resolution.

Non-Qatari nationals may have the right of usufruct for a term of 99-years, renewable, in respect of real estate of any description in the above-mentioned investment areas, while non-Qatari nationals may also have the right of usufruct for a term of 99-years, renewable, in respect of one or more apartments located in multi-storey buildings in residential areas. All rights of ownership and rights of usufruct referred to above can and must be registered at the Department of Real Estate Registration of the Government of Qatar.

Usufruct refers to the right to enjoy property belonging to another person and to use it for one’s own profit, utility and advantage. In real estate terms, the right of usufruct is usually granted by way of a lease. Therefore, the right of usufruct for a term of 99 years, referred to in this law may be interpreted as a 99-year lease.

Law No. 17 of 2004
Issued by the Emir of Qatar on 6th June 2004
Regulating the Ownership and Usufruct of Real Estate and Residential Units by Non-Qatari’s

We, Hamad Bin Khalifa Al Thani, the Emir of Qatar:
Upon a review of the amended provisional constitution, particularly Articles 23, 34 and 51 thereof;
Law No. 5 of 1963 concerning the Inability of Foreigners to Own Fixed Assets in Qatar;
Law No. 14 of 1964 concerning the Real Estate Registration System and its amendments;
Law of the Civil and Commercial Articles issued as Law No. 16 of 1971, as amended by Law No. 10 of 1982;
Law No. 2 of 1975 concerning Leasing Plots and Buildings, as amended;
Law No. 13 of 1988 concerning Temporary Expropriation and Confiscation of Real Estate for the Public Interest, as amended by the Law No. 23 of 1995;
Law No. 13 of 2000 concerning Foreign Capital Investments in Economic Activity;
Law No. 2 of 2002 concerning the Regulation of Property Ownership by GCC Nationals;
The draft law presented by the Cabinet;
And pursuant to consultation with the Advisory Council, We have issued the following law:

Article (1)
In implementing the provisions of this Law, and unless the context otherwise requires, the following words and expressions shall have the meanings ascribed to them hereunder:
“Real Estate “ means lands, buildings and constructions thereof.
“Residential Unit” means an apartment in a multi storey residential building.
“Investment Areas” means the lands allocated for carrying out commercial, industrial, tourism, residential and educational activities and any other activities the investment in which is permitted in accordance with the applicable laws in the State.

Article (2)
Nationals of the Gulf Cooperation Council may own Real Estate in the Investment Areas, in respect of which a Cabinet resolution will be issued to determine their location, and the conditions and procedures of ownership therein.

Article (3)
A non-Qatari may own Real Estate in the Pearl of the Gulf Island, the West Bay Lagoon, and Al Khor Resort Project, in accordance with the terms and conditions issued by a Cabinet’s resolution.

Article (4)
A non-Qatari may have the right of usufruct over Real Estate for a term of 99 years renewable for similar terms in the Investment Areas for which a Cabinet resolution is issued to determine their location, and the conditions and procedures of usufruct.

Article (5)
Without prejudice to the provisions of the abovementioned Law concerning Leasing Plots and Buildings, a non-Qatari may have the right of usufruct in respect of one Residential Unit or more in residential areas for a term not exceeding 99 years renewable for further similar terms, in accordance with the conditions and procedures determined pursuant to a Cabinet’s resolution.

Article (6)
The right of usufruct is a right in kind that shall not arise, nor is it acknowledged, unless registered in accordance with the above-mentioned Law No. 14 of 1964. The right of usufruct shall terminate upon the expiry of its defined term, upon the mutual agreement of the parties, the destruction of the property or the expropriation thereof for the public interest.

Article (7)
In the event of expropriation of the building encumbered with the right to usufruct in favour of the public interest, or its destruction as a result of actions carried out by its owner, then the owner is obliged to indemnify the usufructuary for the remaining period specified in the contract, in a proportionate value to the right to usufruct.

Article (8)
The usufructuary shall benefit from the Residential Unit with all its facilities and common areas of the building, and may dispose of this right and utilize it without prejudice to his title, and title over the subject matter of the usufruct shall enure to legal heirs of the usufruct upon his demise.
The owner of the building encumbered with the right to usufruct may dispose of the building without prejudice to the right to usufruct; upon the owner’s demise, title over the building shall enure to his legal heirs encumbered with the right to usufruct.

Article (9)
The owner of the building encumbered with the right to usufruct is obliged to hand over the Residential Unit to the usufructuary free of any rights that contravene with the right to usufruct and warrants not to interfere with the usufructuary throughout the term of the right to usufruct and undertakes to keep and maintain the other parts of the building.
The usufructuary, and his personal or public successors-in-title, shall undertake to benefit from the Residential Unit for the purpose for which it was built and to keep and maintain it and to hand it over upon the expiry of the term of the right to usufruct.

Article (10)
The usufructuary shall be a member of the owners’ committee of the premises where his unit is located and he shall be subject to the same provisions that other owners are subject to in accordance with the law.

Article (11)
The provisions of this Law shall apply without prejudice to the right of the State to prohibit ownership and usufruct in certain areas for the public interest.

Article (12)
The Cabinet shall issue the resolutions necessary to enforce the provisions of this Law.

Article (13)
Any provisions contrary to the provisions of this Law are hereby cancelled.

Article (14)
All concerned parties, each within its competency, shall enforce this Law and implement it as of the date of its publication in the official Gazette.

Hamad Bin Khalifa Al Thani
Emir of Qatar

Issued at the Emiri Court
on 18/4/1425 Hijri
Corresponding to 6/6/2004

http://www.propertyworldme.com/content/html/761.asp

Qatar: An Introduction for Real Estate Investors

noreply@blogger.com (Anonymous) — Sun, 27 Aug 2006 07:39:00 +0000

Qatar in the Persian Gulf is the latest Middle Eastern country to develop an exciting real estate market which offers overseas property investors the chance to own some of the most iconic and luxurious properties worldwide.

Oil and natural gas rich Qatar is following in Dubai’s footsteps in its efforts to diversify its economy to maintain its position as one of the fastest growing and richest per-capita countries globally. To this end Qatar represents an incredibly exhilarating opportunity to global real estate investors seeking high end properties offering large yield and growth potential.

Qatar’s oil and gas reserves will sustain the current wealth and success of the nation for at least the next twenty years, but the ruling Al Thani family realise their need to broaden and diversify the country’s economy in order to guarantee and prolong its success indefinitely.

This realisation has led to the promotion of Qatar as an exciting tourist destination offering excellent resort style accommodation and facilities together with fantastic shopping and entertainment options. Qatar is also benefiting financially from the fact that it is the host city for the 2006 Asian Games; these facts together with the expansion of Qatar’s economy has resulted in a substantial construction boom with the country rapidly building new stadiums, roads, hospitals, residential accommodation, retail space and commercial property.

Qatar is also working on growing its banking and financial sectors and developing media, telecommunications and private health care sectors. Many major global corporations such as Ernst & Young, HSBC and IBM have already established bases in Qatar and the population of the country has been swelled substantially by well paid professional expatriates.

This surge in population has resulted in a massive increase in demand for rental accommodation and in the rental yields achievable by all property owners.

The growth in the expatriate population plus the realisation by international investors that property in Qatar can offer owners a low risk very high yield prospect has placed pressure on the government of Qatar to change the property ownership laws that previously restricted foreign nationals to leasehold ownership only. Furthermore real estate developers working on some of Qatar’s most impressive developments such as The Pearl were able to use Dubai as an example to highlight the fact that offering freehold ownership creates a viable real estate sector which further diversifies and underpins the economy.

As a result of these facts in June 2004 the Emir of Qatar amended law 17 of the provisional constitution to allow for foreign freehold ownership of property in The Pearl Qatar, West Bay Lagoon and Al Khor Developments with the provision that this law can be extended to encompass other developments and Qatar’s real estate market sector has already begun to boom.

Levels of predicted growth for property over the medium term are modest but sustainable at 10% per annum. Using the Dubai property market again as an example with which to compare Qatar’s fledgling real estate sector, it too predicted similar levels of growth initially and in the majority of developments in Dubai, property owners have received massively in excess of these amount. Therefore the future for this emerging, high end market is incredibly positive indeed and Qatar’s property sector is already receiving intense levels of foreign direct investment from real estate investors who recognise Qatar as the next Middle Eastern hotspot.

http://www.amberlamb.com/index.php/a/m/qatar-an-introduction-for-real-estate-investors/

Qatar Property Buying Process for Foreigners

noreply@blogger.com (Anonymous) — Sun, 27 Aug 2006 07:06:00 +0000

Until the 6th of June 2004 foreigners were not permitted to own freehold title to any real estate in Qatar, and the property buying process for foreigners in Qatar amounted to being able to buy 99 year renewable leases in certain residential complexes earmarked as being available to non GCC buyers.

Since Emir H H Sheikh Hamad bin Khalifa Al Thani announced significant changes to the laws relating to foreign freehold ownership of property in 2004, foreigners now have freehold and residential rights to property in certain specific developments in the country.

The changes to the property ownership laws for foreigners in Qatar are enforced under the enactment of Law 17 of 2004 Articles 1 – 14, and these 14 articles are seen as amendments to the provisional constitution.

The property buying process for foreigners in Qatar is actually rather odd because the amount of real estate available for sale that has already been constructed is actually limited. The majority of overseas buyers are actually buying off plan investment property in Qatar directly from the property developer and this makes the process incredibly straightforward.

The Pearl is one of the main developments ear marked by Sheikh Hamad bin Khalifa Al Thani as being available for sale to foreigners and the first residents of this development are not expected to take up residence until 2007 with the final complex hopefully completed by 2009. Off plan properties are being sold through a number of agents but most are being bought directly from the developers. Those who wish to resell prior to completion are also forced to resell via the developer as they effectively still own the title to the property until it is completed.

The way the purchase process works for off plan property in Qatar is as follows: - an investor selects a unit that suits their objectives from a range of villas, apartments and commercial properties available, they add on any extras they require from a set list that the developer can supply, they are given the price that they will have to pay, sign a contract to purchase, pay a deposit and then make stage payments throughout the build process. It’s customary for an investor to retain a final percentage of the property’s price until they have taken possession of the property and all is found to be in order with it.

Those who buy freehold property in Qatar in either The Pearl, West Bay Lagoon or Al Khor developments are granted automatic residential rights for their entire family which remain valid until the property is resold. As is the case with freehold property an owner has the right to resell real estate or to will his property to his heirs.

Those who are interested in property for sale in Qatar should speak to their preferred agent or developer for any changes to the above described property buying process for foreigners in Qatar; furthermore they should instruct an English speaking lawyer to advise them on the rights of overseas property owners in Qatar.

http://www.amberlamb.com/index.php/a/m/property-buying-process-qatar/

Doing Business with Qatar

noreply@blogger.com (Anonymous) — Sat, 26 Aug 2006 16:54:00 +0000

Doing business with Qatar

Foreword

The Arab world
History of the region
The oil factor

The state of Qatar
Commercial history
The Gulf Cooperation Council
The economy

Banking and finance
Tourism
Media
Demographics

Australia and Qatar

Qatar’s foreign trade
Imports
Exports
Assessment of growth prospects and opportunities
Tourism and sport

Industry sector opportunities
Services

Australian services opportunity grid—Qatar
Oil and gas
Tourism infrastructure
Health care
Sports and entertainment
Infrastructure
Road transport
Ports
Air transport
Telecommunications
Building and construction
Sports
Food and agriculture
Automotive
Aluminium
Import requirements
Import documentation
Education

Practical advice on entering markets
Where to start
Components of a successful strategy
The price factor

Tips for finding opportunities
Finding a representative
Representative offices
Investment incentives
Legal structure

Islam and business
Arab customs
The Arab meeting—what to expect

In summary…

Case studies

Reference websites

Acknowledgments

http://www.dfat.gov.au/publications/business_qatar/doing_business_qatar.html

Qatar Investment Property Facts

noreply@blogger.com (Anonymous) — Thu, 24 Aug 2006 07:35:00 +0000

The majority of international real estate investors focused on the Middle Eastern property market are of one mind; Qatar is the next centre for massive potential growth.

This opinion is based on the fact that the country has enjoyed substantial economic growth and a boom in the size of its population in a relatively short period of time and also based on the fact that the government have made amendments to the Constitution of Qatar to allow for the foreign freehold ownership of real estate in certain parts of the country.

In an effort to move economic dependence away from oil and gas the government of Qatar have entered a phase of aggressive diversification through the creation of opportunities for foreign investment into Qatar. They have created openings and incentives that have attracted many international businesses to the country which have in turn created employment for thousands of locals and expatriates and generated significant and sustainable wealth for Qatar. Furthermore those overseas professionals who have relocated to the region have significant purchasing power and have demanded freehold property to purchase in Qatar.

It was as a result of this increase in demand and purchasing power that ultimately led to Qatar changing the Constitution to allow for foreign freehold ownership and the creation of a viable and competitive property sector in Qatar. The properties being built currently rival those being constructed in Dubai. High spec and high rise are the main features and as mentioned the majority of buyers and renters of these properties are expatriate professionals.

Many international real estate investors who made a killing out of the Dubai property market and have since been seeking the ‘next big thing’ in the Middle East are ploughing significant funds into Qatar. The economy is strong and strengthening and the government are totally focused on developing, broadening and growing their economy and to this end Qatar will only become wealthier and attract greater numbers of expatriates who will seek property for sale and for rent.

Those who bought in Dubai are aware that there will likely come a time when demand for property exceeds supply simply because properties that are being bought off plan are not completed in time for the growing population to live in. Therefore those who are buying now may well be positioning themselves ready for a surge in demand when they will have completed properties which they can either rent for growing yields or resell for substantial gains.

While nothing in life is certain, many are convinced that Qatar offers at least as much potential as Dubai has shown so far and because the change in the Constitution only affected a small number of developments, demand for property for sale freehold to foreigners may soon outstrip supply and this will further push up prices.

If you’re looking for a high end property market opportunity built on a solid and growing economy in a stable and developing country, Qatar could very well be the emerging real estate market you’re after.

http://www.amberlamb.com/index.php/a/m/
investment-property-in-qatar/ |

QATAR INVESTMENT OPPORTUNITIES SHOWCASED IN NEWYORK

noreply@blogger.com (Anonymous) — Thu, 24 Aug 2006 07:27:00 +0000

A grand evening showcasing “Qatar Investment Opportunities” was organized at Roosevelt Hotel, Newyork yesterday. The event was hosted by Doha Bank. His Excellency Naser Abdul Aziz Al-Nasser, Ambassador of Qatar to United Nations graced the occasion as chief guest. Mr. Jamal Nassir Al-Bader, Minister Plenipotentiary, State of Qatar also graced the occasion. The dignitaries included senior members of financial services sector, business community and delegates of various missions to United Nations.

His Excellency Ambassador Naser Abdul Aziz Al-Nasser welcomed the invitees and explained the development of Qatar as a center of excellence in sectors like education and health. He invited global community to come to Qatar and benefit from its investor friendly climate.

Mr. Seetharaman welcomed the guests and made an elaborate presentation on “Macro economic opportunities in Qatar”. The presentation focused on various changes taking place globally in economic and financial sector, and, economic outlook, investment climate and various opportunities in Qatar. Mr. R.Seetharaman deliberated in detail how the financial and economic landscape is changing globally, regionally and in Qatar. He explained how globalization, consumerism, deregulation and technology are redefining the economy of countries in this borderless world. He elaborated how Qatar has transformed itself as an investment friendly country to face the competition effectively and have emerged out as an attractive investment destination.

Mr. Seetharaman elaborated on various policy initiatives in Qatar and explained various incentives available to boost the investment climate of Qatar “Today, Qatar is one of the best investment destinations in the region in terms of state incentives. E.g. Industrial land is provided at a token rent of QR 1 per square meter. Electricity and natural gas is available extremely cheap. There are no duties or taxes for 10 years and stable exchange rates. Foreign ownership is permissible between 49 to 100% depending on sector. There is absolute freedom to repatriate the capital or profit. The rules and framework are very investor friendly. Also, government is regularly upgrading the incentives to sustain the attractiveness of Qatar. Very recently, a decree has been issued to establish a free zone for investment with further incentives. For investment in free zones, the ownership criteria is absolutely relaxed. Also income tax holiday is extended for at least 20 years, in addition to simple establishment procedures through a single window. Qatar continues to look optimistic due to its proactive policy, conducive climate and professional environment.”

Explaining the reasons for Qatar becoming a favorite destination in global context, Mr. Seetharaman analyzed, “Overall, in global context, the capital has started chasing the economies which provides best returns. There has been prolonged difficult economic spells in developed blocs such as USA and EU. We have seen huge industries like service sectors and manufacturing units shifting from one country to another purely for economic reasons. All this has resulted in continuous realignment of economy. Qatar on its part, has been deploying a strong development oriented policy with focus in multiple sectors. Opening up of Real estate, capital market and financial sectors, huge investment in developmental activities and fund availability for infrastructure creation, arrest of capital flight due to other markets losing their attractiveness - all have contributed in Qatar becoming more and more attractive than other countries. Existing economic situation in Qatar is a testimony of Qatar’s intrinsic strength.”

Mr. Seetharaman explained the developments in banking and financial sector “Qatar banking and financial sector has matured to be second to none in terms of governance, products, service quality, technology and regulatory framework. Further, establishment of Qatar Financial Center brings Qatar prominently into global financial map. QFC has all the ingredients to become a favorite global destination due to competitive infrastructure, low cost, low risk and low tax environment. The framework of Qatar Financial Centre is based on international best practices and independently regulated by international experts in a transparent and enforceable manner. “

The presentation was very well received with all the dignitaries listening to presentations with apt attention. The audience was full of appreciation for the initiative undertaken by Qatar. Doha Bank was applauded by participants for giving the dignitaries a good insight of developments taking place in Qatar. The presentations were followed by question and answers from invitees and concluded with get together and dinner.

http://www.dohabank.com.qa/engSite/default.asp?catid=546

Why Qatar is the real jewel of the Gulf

noreply@blogger.com (Anonymous) — Thu, 24 Aug 2006 06:56:00 +0000

While the UAE makes the headlines as the second largest GCC economy and as the hub for trade, finance and tourism, Qatar is the place that is increasingly turning heads in the banking world.

Now the television commercial that boasts that 'Qatar is a place of unimaginable beauty' may be stretching the truth - the beaches are too polluted for bathing, for example, and the flat, desert landscape is an acquired taste. But in terms of GDP growth, Qatar is the undoubted regional champion, with a 20% increase slated for 2005.

'A place of almost unimaginable economic growth rates' also has a nice ring about it, though there is nothing very mysterious about the Qatari formula for economic success.

Since the present Emir took over in 1996 Qatar has become the foreign direct investment capital of the Middle East, welcoming inward investment by the US and European energy multinationals at a time when other countries could not quite bring themselves to accept the need for FDI.

The results are clear for all to see, and as Ronald Regan famously remarked on his re-election in 1984, 'You ain't seen nothing yet!' For Qatar's investment in LNG has only just begun to pick-up speed, or more correctly the FDI in the Qatari LNG sector has only really just begun to get going.

By 2012 this tiny Gulf state confidently expects to be the world's largest exporter of LNG, which is increasingly seen as the pollution-free, fuel of the future as oil reserves dwindle and the world turns to alternatives.

By next year the GDP per capita of Qatar is set to overtake that of Switzerland, making Qatari nationals easily the richest ethnic grouping on the planet. Clearly by 2012 the gap between the Qataris and the Swiss will be even bigger.

However, for foreign companies not in the oil and gas sector Qatar is more challenging. Yes, its retail, leisure and hospitality sector all need development, as does its real estate. But entrenched local interests dominate, and the oil and gas wealth gives the state in particular an enormous hold over the domestic economy.

Thus unless a foreign entrant can really add value to the local economy there is little point in setting up in Qatar. For the Qatari Government has access to a huge pool of capital and can outspend anyone. On the other hand, where the Government is promoting projects, such as in the sports' field, then foreign companies are as welcome as in the energy and gas sectors.

This is a bit of a paradox: openness to FDI has led to even more state control in Qatar than that seen in many of the more closed Gulf economies. Perhaps others might learn from that reality and worry less about FDI in the future, for this is what has made Qatar the jewel of the GCC economies. http://www.ameinfo.com/65489.html

Is The Pearl-Qatar the best real estate investment in the Gulf?

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 08:24:00 +0000

With an estimated net rental yield of around 10%, large floor plans and plots, and a unique location in one of the world's fastest growing economies, The Pearl-Qatar is an outstanding investment opportunity.Qatar: Sunday, April 24 - 2005 at 10:42
Since its launch almost a year ago villas, apartments and land plots have been selling well on The Pearl-Qatar.

This beautifully conceived residential land reclamation scheme on the edge of Doha has sold-out each phase on release, and there has been a modest rise in prices for each successive phase. But with investors in Qatar currently focused on the super-inflated stock market - up 98% this year - there have not been queues around the offices of the developer like in Dubai, let alone a hectic re-sale market.

Perhaps it is just that The Pearl-Qatar is two years' behind the first freehold property launches in Dubai. Also as there are so few other freehold properties available for purchase in Doha, it makes it difficult to establish a benchmark for market comparisons.

Yet at present rental levels in Doha - which are still rising very strongly thanks to the oil and gas boom - real estate on The Pearl-Qatar offers a handsome yield of at least 10% after all costs. Perhaps it is worth remembering that Dubai's Emaar Properties and Nakheel launched their first developments with a similar projected yield, and many buyers have gone on to double or treble their investments.

The Pearl-Qatar's Development Director Nicholas A. Bashkiroff says that the UDC is a different kind of developer - as a private sector company without a large government shareholding - and is taking a different approach to sales.

'When we say something is sold, it really is sold. As a private company we have a duty to be transparent and don't want to build a false market. Also we don't want to sell everything we have for a bargain price off-plan, so that speculators later make the profits and not us. Most of our buyers are end-users.

'That said we have sold pretty much everything that we have released so far, and are ahead of schedule. We also have our construction programme running on time.'

The $2.5 billion Pearl-Qatar project is a string of offshore islands with two circular feature harbours which mirror the famous Doha harbour's natural shape. There will be 8,000 residential units in total, ranging from 20-storey towers to individual villas with substantial plot sizes. The first phase is due for delivering in late 2006 or early 2007, and by 2010 some 35,000 people will be living on The Pearl-Qatar.

'UDC will be acting as the municipality and regulating and collecting service charges on the apartments as well as issuing electricity and water bills. In fact, it will all be on one monthly bill,' says Mr. Bashkiroff. 'We want to avoid any issues with the service charges.'

In this the UDC is greatly assisted by the new laws on the ownership of real estate in Qatar. These clear and modern laws meet the toughest requirements of international investors, who are not being asked to buy on trust. Buyers also get guaranteed residency visas via the UDC so long as they meet the standard requirements.

On pricing it has to be said that $275,000 for a 120 square metre, one bedroom flat rising to less than $500,000 for a spacious four-bed apartment is very reasonable by international standards.

And when you consider the $150 billion Qatar plans to invest in its infrastructure over the next five years, surely this is the biggest real estate bargain in the Gulf. You are buying prime property in the heart of the capital city of a country whose GDP per capita will overtake Switzerland's within a year or two. Would you not buy in Zurich at these prices?

http://www.ameinfo.com/58355.html

QATAR NATIONAL HOTELS COMPANY INTRODUCES SHARQ VILLAGE & SPA

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 07:34:00 +0000

Qatar National Hotels Company introduces Sharq Village & Spa, a project that is being developed as a unique luxury five star resort that blends traditional architecture and modern facilities and amenities to meet the requirements of international leisure and business travellers. In a unique Qatari village architectural style, the resort will included 174 luxury rooms, a Six Senses Spa, a traditional Qatari Souq, food & beverage and entertainment.

Sharq Village & Spa.

Located in the mystical city of Doha surrounded by natural beauty and rich cultural heritage, Sharq Village & Spa stands in a distinguish location at the beginning of the Doha Corniche between the Doha Club, and the Doha Marriott Gulf Hotel. The Resort is surrounded by the Corniche beaches portraying the story of Qatar’s rich heritage and cultural traditions contrasting with its modern development. Development around the Corniche has occurred through time however to-date one can still sense the past village life of the Qatari people through the old Khalifa neighborhood, the smell of the old fisherman boats, and the exciting atmosphere of when the Pearl divers returned to shore after a pearl diving and fishing trips.

Every aspect of Sharq Village & Spa has been designed so that it truly recreates the past way of Qatari life. In the resort, the old sikkas and pathways are revived echoing the sounds of the children footsteps playing traditional games, the courtyards of the old houses full of robust action and even the aroma of the traditional meals prepared at noon time.

The shades of the old days are brought back to life with the echoing and rhythm of the old traditional Qatari folklore songs and music. The Sharq Village & Spa truly and uniquely portrays the old and the new by taking us in a journey through time mixed with modern life, allowing you to relax and enjoy the quiet peacefulness of an oasis.

The hotel has 174 rooms, including King Rooms, Twin Rooms, King Suites (1-Bedroom), Deluxe suites (2-Bedroom) and a presidential suite for VIPs. The hotel consists of a number of villas which houses the guestrooms and the Main Building for the reception and functions which sits on the sprawling 82,165 square meter property.

The Main Building which houses the reception and the main lobby where you can experience the pleasant traditional Arabic inspired interiors, lounges overlooking the pool area and the majestic view of the sea. Some amenities are also housed in the main building like the restaurant, café, cigar bar, ballroom and function rooms that is ideal for International events and activities fully equipped with the latest state of the art Audio and Video equipments and other facilities. A Board room for business conference with a business centre dedicated to business travelers is also available.

The all day dinning restaurant can accommodate 100 persons is also inspired in a traditional Arabic design interiors. An atmosphere that will give you an overlooking view to the pool area and unlimited vista to the sea. The Café is designed in an elegant and luxurious style with some traditional Arabic touch’s and overlooking the pool area.

The cigar bar was designed in a grand luxurious colonial style interior, making it a perfect place to relax and unwind, where you can enjoy the flavours of the most famous Cuban cigars and listen to romantic piano rhythms. The Cigar Bar also includes a walk-in humidifier, a first in Qatar.

Another feature in the main building are the shops which were designed to resemble the old traditional Qatari souq’s from many decades ago. This unique experience portrays the traditional beauty, historical value and retail discovery of the Qatari people.

From the main building on your way to the guestrooms, you will experience the feeling of being in the old villages, walking through a maze of paved walkways, a cluster of buildings and landscaped surroundings. Water features in different areas around the hotel gives a focal point and will guide you in which place you are in the hotel complex. A snack bar is available just beside the swimming pool for outdoor dining especially in the winter time.

While on your way to the guestroom, each with an average of 14 rooms, you will have a feeling of being in an old traditional house, a landscaped courtyard, corridors around the guestrooms and a balcony in each room. A true village setting!

The Fish Market Restaurant is another feature within the hotel. Located outside the main building, the Fish Market Restaurant is unique in everyway. An artificial oasis located near the sea gives you the true image of the old Qatari way of life where you will enjoy a unique dining experience. You will be able to enjoy the view and the sea breeze in the outdoor dining terraces and private dining areas for different functions are also available.

The swimming pool is another unique feature of the hotel covering 668.43 squared meters.

These are just some of the many features you can find in the hotel that will truly give you that unique traditional Qatari experience during your stay at Sharq Village & Spa.

The uniqueness of the resort goes well beyond the facilities available. The interior design aspect of the Sharq Village & Spa is being designed by DiLeonardo International, the service staff uniform has been personalized to resemble the traditional Qatari dressing, and the level of service to portray the friendliness and welcoming of the Qatari people.

Sharq Village & Spa was designed on an distinguished site at Ras Abu Aboud to link modern Doha with its Heritage. Qatar National Hotels is operating the hotel and Arab Engineering Bureau are the architects.

Adding to the uniqueness of the Sharq Village & Spa, Six Senses Spas has been selected to develop and operate a Six Senses Spa, the largest of its kind in the Gulf Region. Six Senses Spas’ mission is to deliver experiences that are both unique and memorable, focusing not only on pampering the body, but also the mind and the soul.

The pyramid of six spheres used to identify Six Senses Spas, represents the philosophy that is fundamental to the human experience: The foundation spheres represent the three primary senses of sight, sound and touch.

The second level balances upon this foundation by satisfying the more acute senses of taste and smell. The apex sphere symbolizes a sense of elation discovered only by balancing the first five – the unique experience of all senses heightened beyond expectations.

Six Senses Spas are designed as contemporary sanctuaries reflecting their ability to adapt seamlessly to host cultures in surroundings conceived to rejuvenate and revitalize. Six Senses Spa therapists take guests on exhilarating sensory journeys, through many forms of holistic healing and resulting in a sense of wellbeing; through options of body and beauty care, delivering them with serene and reassuring professionalism. Six Senses Spas’ uniqueness lies in the quest for perfectly Balancing Senses. Spa products are made only from natural ingredients, in harmony with the environment.

Six Senses Spas, an award-winning division of Bangkok based Six Senses Resorts & Spas, currently operate spas in Thailand, Maldives, Vietnam, and Dubai; and have developments underway in India, Mauritius, Portugal, Ireland and Greece.

Qatar National Hotels, after an extensive selection process which involved reviewing the proposals from several of the leading international spa operators chose Six Senses due to their unique underlying philosophy and approach to spa experiences. They were considered the most innovative and trend-setting and are unique in their holistic focus which is setting new standards in the industry.

Six Senses Spas, together with Arab Engineering Bureau as the architects and P49, a reputed Thai design firm, as the interior designers, are applying the overall design of the Spa will resemble a traditional Qatari village. The architecture will not be modern and linear but rather like a true Middle Eastern village that has grown organically over time, with winding village streets rather than corridors, and with 23 treatment suites resembling typical village houses.

The main areas of the spa will feature facilities such as saunas, steam rooms, Jacuzzis, plunge pools, ample changing rooms, fully equipped fitness clubs and dedicated areas for yoga, meditation, tai chi and other eastern practices, as well as relaxation rooms and prayer rooms. The facilities will be duplicated so that both gentlemen and ladies will be offered dedicated private facilities. Ladies will also be offered a private entrance and reception as well as a club facility with several majlis areas and a professional salon for hair, nail, beauty and henna treatments.

Six Senses will offer all the traditional treatments such as Swedish, Thai, Balinese and aroma massages, beauty treatments, as well more specialized treatments such as crystal therapy, mud baths, body scrubs and polishes, typical private hammam experiences and lessons in eastern meditation and exercise traditions. Be it traditional treatments or more new-age offerings, Six Senses differentiates itself from its competitors by ensuring that all the practitioners and therapists are professionals in their chosen discipline and that every treatment has a positive impact on the guest’s wellbeing.

http://www.qnhc.com/artman/publish/article_202.html

$2.5bn ‘Pearl of the Gulf’ man-made island project set to take off

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 07:24:00 +0000

$2.5bn ‘Pearl of the Gulf’ man-made island project set to take off

By late 2006, the first of some 30,000 residents should be living on a man-made island 350 meters off the coast of Doha’s West Bay Lagoon.

The ambitious ‘Pearl of the Gulf’ project was the recent subject of a presentation to the Qatar Tourism Authority (QTA), and features in its new project development and investment opportunities newsletter. Marketing is expected to begin next month.

The $2.5bn project is the brainchild of United Development Company (UDC), Qatar’s largest private-sector shareholding company, and is being developed on a fast-track basis with “full government support”, say officials.

The master plan and environmental impact study have apparently already received official approval, and a financial advisor is to be appointed soon. It is understood that detailed infrastructure and landscaping design has already been tendered.

Apart from over 7,500 high-quality dwelling units, the island development will also have three luxury hotels offering around 900 rooms between them, retail units covering approximately 60,000 square meters, and community infrastructural facilities such as entertainment centers, restaurants and parks.

The island is even expected top have its own private schools. An ‘island city within a city’ Pearl of the Gulf is to have ten distinct, but inter-related precincts. Officials say that under an agreement signed between UDC and the Government of Qatar almost a year ago, UDC would be granted freehold title to the island, together with the right to sub-divide and re-sell the property.

With three huge bays, designed to maximize its water-frontage, the island will, according to the Master Plan, also have four marinas to accommodate up to 700 boats. The first occupants are expected to take possession at the beginning of the fourth quarter of 2006.

UDC has emphasized that “through the process of an international design competition, a Master Plan and an Environmental Impact Study prepared by international consultants, the island has been positioned with the greatest respect to marine environment and topography in order to achieve both environmental integrity and construction practicality.”

source :

Al Khor Resort to house 80,000 people

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 07:12:00 +0000

The Al Khor Resort project that was unveiled recently by the Qatari property developer Barwa Real Estate company is intended to meet the demand for accommodation of some 80,000 people to be employed in the oil and gas industry in the next five years, according to the company officials.

“There is a need to develop the unique Al Khor area with its distinctive environment and long coast line in view of the expected increase in population in the nearby Ras Laffan because of the ever expanding oil and gas industry”, said Ghanem Saad Al Saad at a workshop here on Tuesday.

He said that currently approximately 98 per cent of those employed in the oil and gas industry in the area live in Doha due to lack of facilities such schools, markets and recreational facilities which also create additional difficulties for transportation to and from Ras Laffan.

The Barwa Al Khor Company with a capital of QR250m, was especially created to develop the necessary infrastructure of the 8 million square metres area. Barwa Real Estate Company also entered into partnership with Kuwaiti firm Al Imtiaz for Investment Company and Qatar Real Estate Investment Company for the development of this particular project.

Yusef Ahmed Al Hamadi, Executive Director of Barwa Al Khor said the tourist and a residential community development project which spreads over a beachfront strip North of Al Khor City comprises chalets, villas, commercial complex and recreational facilities.

He said the Al Khor project would sell plots of land with all the necessary design and layout ready for construction to Qataris and buyers of any nationality.

http://www.hotelcondoresort.com/2006/08/11/al-khor-resort-to-house-80000-people/

=============
Al Khor to have luxurious hypermarket soon
Source ::: The Peninsula

Doha: Sheikh Abdullah bin Ahmed bin Jassem Al Thani and Ibrahim Mohammed Al Jaidah of the Arab Engineering Establishment have signed a consultancy agreement to build a luxury state-of-the-art and one of the largest hypermarkets in Al Khor, North of Doha to be completed by the end of next year.

Speaking at the signing ceremony, Sheikh Abdullah bin Ahmed said there was a need to develop the area and build such a mega project which would provide all modern facilities, such as restaurants, department stores and entertainment under one roof.

Sheikh Abdullah bin Ahmed also pointed out that the Al Khor area which has been witnessing major developments in recent years due to gas and hydrocarbon projects being implemented in the area, will now have one of the most luxurious and largest hypermarkets.

Buildings in the project are to cover a total of 12,000 sq. meters from a 30,000 sq. meters area, which also include a family shopping center to be built on a 1,5000 sq. meters. The project will also include two branches of leading local banks, 19 shopping outlets, a cinema theatre, restaurants, fast-foods and a two-storey administrative building.

The project will also provide a special playing area for children with all necessary services for their care and also a parking plot for over 400 vehicles. A residential complex comprising 20 three and four-bedroom villas will also come up as part of the project and will include, a swimming pool, a social club, sports grounds and entertainment units.

http://www.thepeninsulaqatar.com/images/October2005/24hyerapp.jpg
An artist’s impression of the luxurious and the largest hypermarket in Qatar to be built in Al Khor.

Lagoon Plaza

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 07:05:00 +0000

Invest in Qatar a new, up and coming country within the gulf. Get in before everyone else at this early stage. An opportunity not to be missed!!

The Lagoon Plaza comprises of two magnificent and impressive towers comprising of 34 floors of luxury apartments ,complete with shopping mall , restaurants on the ground floor and also a swimming pool and health club with all the latest facilities.

The towers stand at the junction of the land and sea, along the golden sword of the Arabian shoreline and rise up to 168 metres above sea level allowing the unique and wavy shape of the towers to be magically reflected in the ocean.

Great care has been taken in combining the distinguished surroundings of natural beauty together with a new urban development. As the developers say, “This provides the Lagoon Plaza tenants with modernity of life and in a superior pattern, without depriving them of the simplicity of nature and its attractive beauty”.

The main aim of Lagoon Plaza is to provide you, the buyer with a distinctive family atmosphere. It will most definitely provide a high standard of services to the family within a comprehensive residential environment.

PROPERTY FEATURES

99 Years lease
Residency Visa
State of the art health club with modern fitness equipment and spacious sporting halls. Sauna, steam bath and Jacuzzi.
Temperature controlled swimming pool.
The unique location of the Lagoon Plaza enjoys a waterfront filled with sea adventure and water sporting facilities. Yachting, surfing, water skiing and so on will all be available and within your reach.
Professionally landscaped and maintained surroundings – you will find beautiful paths and walkways, a green park and sandy beaches.
Restaurant and other outlets in the retail area.
Covered parking that is convenient and easily accessible.
24 hour security services, maintenance and facilities management.
High quality finishing flooring, kitchen and bathrooms.
Beside the spacious residential apartment, you will find comprehensive entertainment facilities comprising of cinema theatres, shopping complexes and children’s fun parks.

Name of Development	Lagoon Plaza
Name of Property	Zig Zag Towers
Type of Property	Apartments
Number of units	776
This Property is for	Sale
Sale Amount	EUR 256,581
Country	Qatar
Location	The Lagoon Projects, Westbay, Doha
View Facing	Sea , Doha Golf Club ,Lusail Marina , Doha City and Lagoon
Date of Completion	2008 March
Close To	Doha Golf Club, City Centre, Diplomatic Club and beaches.
Bedroom	2
Bathrooms	En suite and guest washroom
Kitchen	High quality built in cupboards
Parking	Covered and secure parking bays cost Q.R. 50,000
Feature	garage, SPA, Landscaped gardens, Video Intercom, Gymnasium, Beach Club, Lobby, Security, Pool, sauna, steam room, jacuzzi, temperature controlled swimming pool, club house, high speed speed lifts,
Garden	Landscaped with fountains and walkways.
Reservation Amount	Q.R 5,000
Mortgage Amount	75% maximum

Th e Pearl

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 06:48:00 +0000

The Pearl-Qatar, A Riviera-style man-made island developed in an exclusive environment in Doha,Qatar and the Middle East's most glamorous address, covering 400 hectares of reclaimed land, is Qatar's first international real estate venture. اللؤلؤة-قطر جزيرة من صنع الإنسان بأسلوب الريفييرا والأكثر تألقاً في الشرق الأوسط، تبلغ مساحتها (400) هكتار من الأراضي المستصلحة من البحر في دولة قطر التي تعتبر واحدة من أكثر الاقتصادات
Discover the best the Med has seen, in a setting previously unimaginable. The Pearl-Qatar offers unique, true freehold investment opportunities in a safe, relaxed, friendly and exclusive environment. This is the Middle East's most glamorous address where Pearlesque names, crafted from an intriguing mix of Italian, French, Spanish and Arabic, summon up the charm of the old world, and the spirit of the new.

Discover The Pearl-Qatar. Live The Riviera Arabia

Overview

Riviera Arabia
The atmosphere of the Riviera within the warm waters of the Arabian Gulf. A rediscovered island off the coast of one of the world's most rapidly expanding economies. An investment in a place of outstanding beauty and cosmopolitan charm. This is The Pearl-Qatar, an island, which will redefine an entire nation; a destination of qualities that are unique in the region.

The Pearl-Qatar will be talked about around the world. It is founded on a determination to position Qatar as a place of superlatives - a country that welcomes guests with openness and friendship and encourages investment for all in a location of incredible potential.

To invest in a home at The Pearl-Qatar is to invest in a lifestyle, which is exclusive in atmosphere, unrivalled in quality and unique in its Riviera treatment.

An idyllic home for about 40,000 international residents
First investors to take up residency in 2007

Discover a world of contrasts
Parkland areas will meet beach and retail centre nestles alongside a boat yard in this place of colourful contrast. The Pearl-Qatar has been conceived to facilitate the most exclusive lifestyles within an environment that will constantly surprise. From island villas to marina townhouses, marina view apartments to weekend retreats, The Pearl-Qatar will provide a home to suite your requirements.

Select a destination. Then select a home.
The Pearl-Qatar is many destinations within an island of infinite variety. Three main marinas are set within distinct residential zones, each with unique characteristics and lifestyle features. Whether you seek a marina side view or a private beach, a penthouse of capacious proportions or a luxurious family apartment, The Pearl-Qatar will provide a home of incredible investment opportunity, unrivalled quality and superlative specifications.

The first phase of the development is Porto Arabia - the gateway to an island of immeasurable attributes. Fanar Croisette is a lighthouse, which signals the start of this majestic harbour, which is punctuated by exciting retail areas. Costa Malaz is the 'turquoise jewel' - a quiet haven of up-market lifestyles in the second harbour. Here, stand-alone villas are arranged to overlook a sweeping harbour, which is entirely bordered by a 'natural' beach. Viva Bahriya is the 'harbour of life' a perfect home for families at the geographical centre of The Pearl-Qatar. Isola Dana is an exclusive chain of islands which enable owners to style their own residences. They extend out into the Arabian Gulf to afford considerable privacy and discreet independence.

http://www.thepearlqatar.com

Qatar Real Estate

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 06:46:00 +0000

Since oil was discovered in Qatar back in the 1940's this once economically poor fishing and pearling region has gone from strength to strength economically and now has an economy and standard of living to rival that of any modern country.

Qatar is the latest buzz word in emerging property markets and savvy investors are looking to the region to offer more of the fantastic opportunities Dubai has been affording the world in recent years. The fledgling investment property market in Qatar has been strengthened by the global confidence in Dubai’s market and as a result the property market in Qatar is heating up.

The Qatar market is fairly ardent and raring to meet the demands of housing. This new surge in the real estate market could be attributed to the decree issued by Emir Sheikh Hamad bin Khalifa Al Thani that allows non-Qataris to own residential properties in some housing projects.

The law allows non-Qataris to buy and own real estate in selected areas in Qatar and they include the proposed Pearl Island, West Bay Lagoon and Al Khor Resort projects. Non-Qatari buyers could own real estate at the above three locations for 99-years and the period would be extendable for a similar period. Buyers in a complex would be allowed to form cooperative society of which they would be members. A property bought and owned by a non-Qatari would be transferable to his legal heir or heirs.

The Pearl Qatar 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. The US $2.5 billion offshore, Riviera-style man-made island, covering 985 acres of reclaimed land will create over 30 kilometres of new coastline.

According to the company statistics, The Pearl-Qatar will eventually house 35,000 residents in an up-scale, multi-cultural residential community that will be a secure and exclusive island retreat. The Pearl-Qatar is being built 350 meters offshore the West Bay Lagoon and is being developed and promoted by United Development Company (UDC), Qatar's largest private sector shareholding company.

The Pearl will also feature hotels, restaurants, shops and boutiques as well as a 700 berth international yachting hub and the first home are due for completion in 2007.

If you're looking to the Middle East region for the latest property hotspots or you're interested in diversifying your investment portfolio then it may well be time to consider the emerging property market in Qatar.

http://www.propertymarkets.info/Qatar/

Rules for purchasing property in Qatar

noreply@blogger.com (Anonymous) — Tue, 22 Aug 2006 06:44:00 +0000

By Nizar Kochery

QUESTION: Can GCC nationals/foreigners own property in Doha? What is the maximum limit of property one can own? Is any specific area is specified in the Law?

JN, Doha

ANSWER: GCC nationals can own land and dwelling units in Losail, Al Kharaij and Jebel Thiyab, under Cabinet Decision No. 5 of 2006. There are no upper limits on how much property a GCC national can own in these areas and such owners will have the freedom to trade in this real estate or exploit it for their benefit, in accordance with governing laws of Qatar.

According to Decision No.6 of 2006 other nationals can lease properties for a period of 99 years. A total of 18 prominent areas, Musheireb, Frij Abdul Aziz, Doha Jadeed, Ghanem Al Qadeem, Al Rifa Al Hitmi, Al Salata, Bin Mahmoud, Rawdat Al Khail, Al Mansoura and Bin Dirham, Najma, Umm Ghuwailina, Al Khulaifat North and South, Al Sadd, New Mirqab and Al Nasser, areas around the Doha International Airport, Al Dafna and Onaiza, Losail, Al Kharaij and Jebel Thiyab have been designated where foreign nationals and expatriates can lease properties for 99 years on a renewable basis.

According to the said decision such lease will be renewable for an equal number of years upon expiry and foreign nationals who lease such properties reserve the rights to exploit them commercially or for their benefit in accordance with local laws, transfer the lease to other parties, sublet or rent them and waive rights to the property in favour of other parties.

fromgulft-times help line opinion page

Qatar Real Estate

The Pearl-Qatar Awards Parsons International Detailed Engineering Design Contract

Qatar’s first freehold properties now released

Qatar - Country Facts

Qatar permits foreign ownership of property in selected developments

Qatar: An Introduction for Real Estate Investors

Qatar Property Buying Process for Foreigners

Doing Business with Qatar

Doing business with Qatar

Contents

Qatar Investment Property Facts

QATAR INVESTMENT OPPORTUNITIES SHOWCASED IN NEWYORK

Why Qatar is the real jewel of the Gulf

While the UAE makes the headlines as the second largest GCC economy and as the hub for trade, finance and tourism, Qatar is the place that is increasingly turning heads in the banking world.

Is The Pearl-Qatar the best real estate investment in the Gulf?

QATAR NATIONAL HOTELS COMPANY INTRODUCES SHARQ VILLAGE & SPA

$2.5bn ‘Pearl of the Gulf’ man-made island project set to take off

Al Khor Resort to house 80,000 people

Lagoon Plaza

Th e Pearl

Qatar Real Estate

Rules for purchasing property in Qatar