Qetaifan Projects on Sunday announced the sales launch of Qetaifan Island North’s Phase 3 villa plots.
Addressing a press conference on the occasion, Qetaifan Projects Managing Director Sheikh Nasser bin Abdulrahman Al Thani said, “Following the achievements and success of Qetaifan Projects, the master developer of Qetaifan Island North, and due to the high demand witnessed on residential villa plots in Phase 1 and 2, we announce the sales launch of the third phase of residential villa plots in Qetaifan Island North after a comprehensive and careful study of the real estate market in Qatar.
“It will consist of a total of 40 villa plots, comprising of beach access villas, waterfront, garden view, and for the first time villas overlooking Qetaifan Island North’s Linear Canal.”
He said, “It is in response to the requirements of the market, which has been witnessing remarkable growth lately, especially after the implementation of the Freehold Law for non-Qataris, in addition to allowing those who have not had the chance to own plots in Phase 1 and 2, at competitive prices and financing facilities for both owners and investors.”
A number of plots will be offered for the first time allowing owners to build villas that enjoy privacy and access to a distinctive view of Qetaifan Island North’s Linear Canal and the sea. The plot areas range from 1,000 sqm to 2,060 sqm. The waterfront plots areas range from 1,020 sqm to 1,250 sqm, and the Garden view plots reach 1,200 sqm.
The design of villas allows the owners to construct a ground floor in addition to two floors including the first floor and a penthouse, owners could also build a basement, should they prefer. The villa plots are in the northern side of the island with access to the beach and overlooking Qetaifan Island North’s Linear Canal.
To guarantee transparency and in accordance with the principle of equal opportunities, he said, “We will be following the bidding mechanism on the down payment in a ceremony that all clients who reserved a plot will attend.”
Replying to a question by Qatar Tribune about the overall progress made on the island, Sheikh Nasser said, “Almost 80 percent of the project is complete. The dream is about to come true, the work on site is underway, more than 7,000 workers and seven contractors are implementing seven different project packages in a way that suits Qatar as the first Arab country hosting the FIFA World Cup.
“We believe in the importance of this project, its promising future, the diversity it will add to sectors such as tourism and hospitality, and how it will contribute to the future of the entertainment industry, which will stimulate domestic tourism and attract tourists from all over the world, and one of our most important achievements, which we are proud of is our 90 percent reliance on the local market.”
Sheikh Nasser said that the island will be ready to receive clients from the first week of November this year.
He said, “We consider the development of Qetaifan Island North a unique experience and a success story with its residents and visitors, which we keep in mind as developers. The most prominent feature of this experience is the diversity of the real estate products on the island. In addition to hotels, recreational facilities, beaches, and retail, there is a school and a medical center, to provide residents and visitors with all the needed amenities.”
Just Rail Estate Chairman and CEO Nasser Hassan Al Ansari, who also addressed the press conference, said, “The sales launch of the third and final phase of Qetaifan Island North’s residential villa plots is a milestone as Qetaifan Island North represents an unparalleled opportunity for investors to invest in a project of national importance and benefit from its financial returns. The third phase was prepared based on what was requested in the previous phases.”
“This family destination will serve as an investment magnet offering a great mix of entertainment, residential, hospitality and retail opportunities. Phase 3 investors will be those looking for a distinguished lifestyle,” he said.
In order to ensure transparency and in accordance with the principle of equal opportunities, Qetaifan Projects will follow the same sales process of phase 1 and 2, which is bidding on the down payment. All those who reserved plots in Qetaifan Island North will be invited to a bidding ceremony that will be held at a hotel. It was announced that reservations will start immediately after the conference ends.