Private investor plans hotels on The Pearl

A Qatar national has bought three islands for extensive hospitality development on The Pearl-Qatar.

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By  Robbie Greenfield Published  May 26, 2005

A private Gulf investor has bought three islands for hospitality development on The Pearl-Qatar, the US $2.5 billion island cluster being reclaimed off the coast of Doha. Under a multi-million-dollar deal, the investor, whose identity has not yet been disclosed, has bought Marsa Arabia – an island-within-an-island in the centre of Porto Arabia, the main marina of The Pearl; Viva Centrale, the project’s second largest bay and Marsa Malaz, situated in the centre of the project’s smallest bay – Costa Malaz. The buyer is confirmed as a Qatar national, and a big player in the real estate business. “The investor has stated that development will follow The Pearl-Qatar’s masterplan and the hotels to be built will be in line with the initial overall concept,” says Nick Bashkiroff, development director, The Pearl-Qatar. Initial plans are for a 450-room, five star property on Marsa Arabia as the primary destination on the islands. “The hotel will face an idyllic expanse of marine activity and a Riviera-style shoreline,” adds Bashkiroff. The Marsa Malaz site has been conceptualised as a hotel and spa development.

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