Landowners in Qatar stand to gain from a package of smart real estate solutions that would allow them to utilise, reclaim, and convert land lots into lucrative real estate projects that generate proceeds in a short period, an official from SAK Partnerships Company has said.
According to Mohamed Hosni, deputy CEO, SAK Partnerships, the company’s ‘Sharekna’ product offers an "array of solutions" that addresses the needs of a large segment of landowners.
“It has been growing as the most favourable choice for landlords and owners of vacant land lots, allowing them to benefit from the deep and long expertise of SAK Partnerships managing director Sheikh Thani bin Abdullah al-Thani in the domains of real estate development that produced a myriad of real estate achievements,” Hosni said yesterday during a media tour of Hala Tower, a recently-developed joint venture under Sharekna, “which symbolises a new achievement in the hospitality sector.”
Hosni said Sharekna offers a three-tiered package of investment solutions. In the first tier – the ‘Classic Partnership Solution’, Sak Partnerships Company provides a package of services that save nearly 40% of any real estate development project cost, in addition to securing financing and construction at a cost price in return for a stake in the project equals to one-third, while the partner acquires a two-third stake of the project.
The second tier, ‘Smart Partnership Solution’, targets landlords who own land lots exceeding 45,000sq m and are viable for a real estate project, in addition to a package of important free real estate services.
This solution provides the opportunity to conduct a realty project without lending or being bound by financial obligations, as the first party (the landlord) gets his own project built on a portion of the land earmarked by a joint venture agreement and after assessing the feasibilities of the project, while the other portion of the land goes for the second partner (Sak Partnerships Company), whose responsibility is to secure financing and building the project for the first partner on its own expenses.
The third tier, ‘Mubadala Solution’, entails swapping land lots in return for cash-generating properties with immediate income. This gives a good opportunity for the landlords to gain the proceeds as soon as ownership is transferred without waiting for construction and arranging for loans or being bound by financial liabilities, Hosni said.
The land is sold according to an agreed pricing with the second party (the owner of the ready-built properties), whereby the owner assigns classified and leased out properties, such as apartments or villas to the first party. Such units can be priced and valued in a manner that conforms to the value of the land meant for swapping by its owner.
“In all cases, the landlord is only required to bring the title deed of the land, and to ensure that the land is not mortgaged, or disputed, and the technical office will assess the condition of the land and the best alternatives offered to its owner, each according to its nature and the interests of both parties, to guarantee remunerative and immediate financial returns for the landowner,” Hosni noted.
After its success and achievements in recent years, Hosni explained that the Sharekna product has become a goal for all landlords who want to transform their land into a huge real estate project that generates “returns for life,” whether spacious or small land lots, suitable for developing a residential or commercial complex, building, tower, or even a hospital or school.
Aside from Hala Tower, other Sharekna milestones include major projects, such as Whyndam Doha West Bay Tower, Ezdan Oasis, Al Wakra Hotel, Al Rayyan Tower, Danat Al Sadd Tower, and Al Thumama Villas Complex.
“It has been growing as the most favourable choice for landlords and owners of vacant land lots, allowing them to benefit from the deep and long expertise of SAK Partnerships managing director Sheikh Thani bin Abdullah al-Thani in the domains of real estate development that produced a myriad of real estate achievements,” Hosni said yesterday during a media tour of Hala Tower, a recently-developed joint venture under Sharekna, “which symbolises a new achievement in the hospitality sector.”
Hosni said Sharekna offers a three-tiered package of investment solutions. In the first tier – the ‘Classic Partnership Solution’, Sak Partnerships Company provides a package of services that save nearly 40% of any real estate development project cost, in addition to securing financing and construction at a cost price in return for a stake in the project equals to one-third, while the partner acquires a two-third stake of the project.
The second tier, ‘Smart Partnership Solution’, targets landlords who own land lots exceeding 45,000sq m and are viable for a real estate project, in addition to a package of important free real estate services.
This solution provides the opportunity to conduct a realty project without lending or being bound by financial obligations, as the first party (the landlord) gets his own project built on a portion of the land earmarked by a joint venture agreement and after assessing the feasibilities of the project, while the other portion of the land goes for the second partner (Sak Partnerships Company), whose responsibility is to secure financing and building the project for the first partner on its own expenses.
The third tier, ‘Mubadala Solution’, entails swapping land lots in return for cash-generating properties with immediate income. This gives a good opportunity for the landlords to gain the proceeds as soon as ownership is transferred without waiting for construction and arranging for loans or being bound by financial liabilities, Hosni said.
The land is sold according to an agreed pricing with the second party (the owner of the ready-built properties), whereby the owner assigns classified and leased out properties, such as apartments or villas to the first party. Such units can be priced and valued in a manner that conforms to the value of the land meant for swapping by its owner.
“In all cases, the landlord is only required to bring the title deed of the land, and to ensure that the land is not mortgaged, or disputed, and the technical office will assess the condition of the land and the best alternatives offered to its owner, each according to its nature and the interests of both parties, to guarantee remunerative and immediate financial returns for the landowner,” Hosni noted.
After its success and achievements in recent years, Hosni explained that the Sharekna product has become a goal for all landlords who want to transform their land into a huge real estate project that generates “returns for life,” whether spacious or small land lots, suitable for developing a residential or commercial complex, building, tower, or even a hospital or school.
Aside from Hala Tower, other Sharekna milestones include major projects, such as Whyndam Doha West Bay Tower, Ezdan Oasis, Al Wakra Hotel, Al Rayyan Tower, Danat Al Sadd Tower, and Al Thumama Villas Complex.
