04 July 2015
DOHA, July 4: Lusail Real Estate Development Company has sold 35 residential villas at Qetaifan Islands, marking the completion of second-stage sales at one of Qatar's most exclusive integrated communities.

The public offering held last Thursday under the supervision of representatives of the Ministry of Economy and Commerce.

The public offering was broadcast live on TV and streamed on Lusail Real Estate Development Company's website in line with the firm's commitment to ensure transparency in all its offerings.

Lusail Real Estate Development Company is planning to offer soon a number of Residential units for sale at Seef Lusail.

Mr. Khaled Al Sayed, the Grou CEO said "villas sold in the public offering are located in the second Qetaifan Island, which represents one of Lusail City's major attractions in terms of site location and available amenities."

Mr Al Sayed added that Lusail Real Estate Development Company is committed to offering its clients the most exclusive real estate ventures across Qatar.

"Our offerings target all market segments starting with the first-stage sale of 50 land plots at competitive prices in the first Qetaifan Island, followed recently by the sale of luxurious residential villas in the second island," Al Sayed explained.

Qatar Diar launched the second stage of sales at Qetaifan Islands between June 22 and June 30 during which Lusail Real Estate Development Company hosted a pavilion at the Sheraton Hotel in Doha to brief clients about the project.

The pavilion attracted interest from a large number of customers who applied to purchase the luxurious residential villas. Sold units included 8 villas overlooking the magnificent Waterfront with a surface area ranging between 950 and 1200 square meters and 27 villas overlooking the internal landscape with a surface area ranging between 850 and 900 square meters.

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About Lusail Real Estate Development Company W.L.L.:
Lusail Real Estate Development Company, a subsidiary of QATARI DIAR Real Estate Investment Company, was established in September 2008 and is dedicated to executing the development, construction and ongoing operations of the flagship Lusail City development project. LREDC was created to facilitate relationships with Lusail City's primary stakeholders including the investors and development partners in the project.

Lusail City is a visionary development of the State of Qatar, master-planned by QATARI DIAR and developed by LREDC, to become a unique state-of-the-art city in Qatar, the region, and worldwide. The Lusail City development project is one of the largest and most elaborate developments being undertaken around the world, over a substantial area of 38 square kilometers where more than 200,000 people will live, work, raise their families and enjoy their lives. It will encompass not only new residential, commercial, and retail opportunities, but a full array of community needs, complete with schools, medical facilities, entertainment and shopping centers.

© Press Release 2015