Doha - More than 100 real estate companies will take part in the third Qatar International Real Estate and Investment Exhibition and Conference with around 50 of them based in Qatar presenting their newest multi billion dollar projects.
The event to be held at Doha Exhibition Centre from March 3 to 6, 2008 being organized by Trance Continent, is considered as the second largest real estate exhibition in the region dealing with investments and financing and marketing issues related to real estate. Last year over 30,000 businessmen from all over the Middle East visited the Exhibition.
Qatar National Bank (QNB) will be the Strategic Partner of the event falling in line with the bank's strategy to support local and regional property development and to provide all possible facilities.
Along side the exhibition a seminar organized in co-operation with the Arab Academy for Banking and Financial Sciences, a part of the Arab League will be held to tackle different real estate issues in the region.
QNB currently provides the most attractive mortgage loan schemes for individuals interested in purchase of their dream properties whether for investment or for residential purposes. QNB Mortgage Loans cover all freehold properties within The State of Qatar, in addition to properties being developed by the bank's strategic partners
The Bank finances loans up to 100 per cent of the property value, with loan tenors up to 30 years grace periods extended till handovers, and with attractive interest rates and fees.
These schemes are available for both Qataris and non Qataris. For companies, QNB provides real estate financing solutions that are tailor-made for corporate needs.
QNB is currently in strategic partnerships with developers for major projects such as The Pearl Qatar, being developed by UDC as the master developer, and other well reputed developers in the same project such as The Land, First Qatar, LifeStyle Homes, Building and Construction, and Coral Real Estate.
Also QNB has a strategic partnership with Dar Investment & Development Company, the master developer for The Lagoon Plaza and The Palm projects. The bank has signed several MoUs with these companies as early as 2005 and conducted several successful campaigns that offered customers wide range of attractive schemes and special offers.
Recently, QNB Al Islami provided Islamic finance to the tune of QR1bn to Barwa Real Estate in order to fund their property development projects. QNB also signed an MoU with Qatari Diar to finance individuals and companies desiring to buy residential units in 'Al Difaf' project that Qatari Diar is developing in Sudan.
© The Peninsula 2008
