Qetaifan Projects launched the sales of the second phase of residential villa plots on Wednesday. Qetaifan Projects managing director Sheikh Nasser bin Abdul Rahman al-Thani, who is also vice chairman of Katara Hospitality, told a press conference that the sales launch of Phase 2 villa plots, consists of 51 plots, including beach access villas, waterfront villas, and garden villas.
“We have launched a new real estate product for the first time in the Middle East, 10 villa plots with access to a five-star operated beach at competitive prices and financing facilities for either owners or investors," he said.
The announcement comes in the backdrop of the high demand on Qetaifan Island North’s Phase 1 villa plots, launched last year during Cityscape exhibition.
The sales launch was held in the presence of Hesham Sharaf, chief operating officer; Sheikh Nasser bin Abdulaziz al-Thani, head of Business Development Department at Qetaifan Projects; Nasser Hassan al-Ansari, chairman of Just Real Estate Company (sales agent); Salman Jassim al-Darwish, chairman and CEO of Al Boraq Automobiles; engineer Jamal al-Kaabi, board member of Qetaifan Projects; and Samer Malaeb, regional director of Admares; and other VIPs.
Sheikh Nawaf bin Jassim bin Jabor al-Thani, chairman of Katara Hospitality and Qetaifan Projects, said: “The demand for investment in Phase 1 of Qetaifan Island North reflects the position that the company has reached in the local real estate development market, indicating that the project represents a starting point for Qetaifan Projects towards developing more projects and serving various state sectors.”
He said these sectors have witnessed “remarkable revitalisation” recently as Qetaifan Island North is part of Lusail city and features seven beaches, which makes it a distinctive waterfront for the area. The island spans 1.3mn sq m, and the area of projects on the island extends to approximately 830,000sq m.
Aerial view of the villas on the island.
“We are working hard to make the island a pioneering touristic destination. Qetaifan Island North plans to host the 2022 FIFA World Cup, as it provides modern facilities capable of accommodating a large number of hotels, retail outlets, restaurants, and unique recreational facilities, such as the waterpark and the vast green spaces.
The areas of the beach access villas ranging from 1,000sq m to 2,400sq m. The waterfront villa plots range from 1,000sq m to 1,800sq m, while the garden villas span an area of 1,300sq m at an average of 850sq m.
The design of the villas allows building a ground floor in addition to two floors, including the first floor and a penthouse, and a basement can also be built if needed. The villa plots are located on the Eastern side of the island on the beach overlooking the hotel.
The plots are designated for the construction of residential villas, including beach access villas, waterfront villas, and garden villas. For transparency, the same sales mechanism that was used in Phase 1 will be applied by bidding on the down payment only in a ceremony attended by all interested investors who reserved a plot.
On achievements despite Covid-19, Sheikh Nasser bin Abdul Rahman al-Thani said: “In the challenging time of the pandemic, we have been keen throughout the previous period to follow the precautionary measures put in place by the Ministry of Public Health and the Supreme Committee for Crisis Management to ensure the continuity of work at the construction site. We reached more than 4mn man working hours around the clock, seven days a week.”
He added: “There are about 7,000 workers and seven contractors entrusted with implementing seven different project packages on site. On the corporate level, Qetaifan Projects signed a contract with Sarner International to implement the edutainment ride at the water park, which will feature 3D augmented reality shows about the story of discovering oil and gas in Qatar to enrich the Qatari culture.
“We also signed with Severn Lambs to manufacture trains that will connect the water park to the Icon Tower island. Qetaifan Projects’ accounting team obtained the accreditation of the Association of Chartered Certified Accountants. Seven employees obtained memberships from the Chartered Institute of Marketing, and Qetaifan Projects won the award for the ‘Best Place to Work in Doha’. We always consider one of our most important achievements is that we mostly rely on the local private sector in the construction of Qetaifan Island North.”