Second batch of homes released at Pearl-Qatar

Dredging is in full swing, and the overall project completion date is scheduled for 2009

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By  Eudore Chand Published  April 2, 2005

United Development Company, the promoter of The Pearl-Qatar, has released the second batch of harbour-side homes in towers that rise from 10-storeys to 20-storeys at the new development. This follows last year’s successful launch of freehold towers around Porto Arabia, the main marina of The Pearl-Qatar. The development is built upon a reclaimed island off the coast of the Qatari capital, Doha. “The first release of West Porto Drive towers sold out within a week, and demand from institutional investors has been running high,” said development director of The Pearl-Qatar, Nick Bashkiroff. “We anticipate similar demand this time around as news of the project has reached the international arena.” The towers overlook Porto Arabia, which will be an international yachting hub with berthing for 400 vessels, and the 2.5 kilometre La Croisette Boulevard that will skirt the marina and will be a centre place destination for diners and shoppers. “These will be among the most fashionable tower apartments in the Arabian Gulf,” explained Bashkiroff. The towers contain upscale apartments, luxury penthouses and elegant adjacent town homes that will be ready by late 2006 or early 2007. The range of one, two, three and four-bedroom luxury apartments, most of which have picturesque views, come in six architectural styles: Monaco, Tuscan, Provencal, Florentine, Catalan and Andalusian, designed to reflect The Pearl-Qatar’s Riviera Arabia positioning.“Each of the island’s ten districts is individually themed to reflect a Mediterranean lifestyle in the very heart of the Gulf,” said Bashkiroff. Callison Architecture of Seattle, USA, has designed the Porto Arabia homes. In total, around 30 towers will surround Porto Arabia, which will also have 60 000 m2 of upscale retail and restaurants. “It will be a true leisure destination, the lively hub of The Pearl-Qatar, with homes for those who aspire to a Mediterranean lifestyle in a unique setting,” added Bashkiroff. The $2.5 billion The Pearl-Qatar covers 985 acres of reclaimed land and is Qatar’s first international real estate venture offering freehold and residential rights to international investors. It will create over 30 kilometres of new coastline and will eventually house over 30 000 residents. The four-phase development comprises ten districts to be developed over five years, with the first investors expected to take up residency in early 2007. The districts will house three luxury hotels, three marinas with combined mooring for more than 700 boats, and 60 000 m2 of luxury retail and restaurant space. The Pearl-Qatar is being built 350 m offshore from the West Bay Lagoon area of the Qatari capital, Doha.

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