Sotheby's International Realty Morocco holds exclusive sales launch in London
Doha, Qatar, 04 August 2008- Sotheby's International Realty Morocco, the sales partner of Qatari Diar Real Estate Investment Company, have launched Qatari Diar's Al Houara Tangier Resort in London.
The exclusive London sales event on Thursday 31 July, held at the Bentley Kempinski Hotel, was attended by numerous international investors. A significant number of properties were sold to investors at the event.
The Al Houara Resort is endowed with protected forests and beautiful surroundings while simultaneously catering to a modern lifestyle with three luxury hotels, an 18-hole signature golf course, an equestrian centre, a Moroccan Spa, a beach Clubhouse, a Kasbah, retail, dining and entertainment centres.
Qatari Diar announced recently that it has awarded Kempinski Hotels the management contract of its luxury beach resort at Al Houara. Situated on a beachfront area adjacent to a protected forested area, The Kempinski Al Houara Beach Resort and Spa will have 250 Guest Rooms ranging from 50 to 200 square meters including junior and deluxe suites and one presidential suite, all with private balconies. Additionally, there will be fifteen Beach Resort Villas.
In addition, an 18-hole golf course that will be a signature component of the luxury development has been designed by Graham Marsh Golf Design in collaboration with Hall of Famer and multiple Major Winner Vijay Singh. This marks the first collaboration between these two celebrated golfers.
Speaking at the event, Natalie Mik, Director of Sotheby's International Realty Morocco said:
"Al Houara is destined to become an iconic landmark and flourish, in elegant harmony with its distinctive historical surroundings. Moreover, the opportunities it offers will be of long-term financial benefit for the people of the region. We invite you to be part of this amazing cultural venture".
Speaking on the sidelines of the event, a London based investor said "I am excited to be a part of this project. I am impressed by the Al Houara Resort and in particular its high quality and sustainability".
Qatari Diar, an investment company of the Qatari government, is wholly-owned by the Qatar Investment Authority.
Sotheby's International Realty Morocco is the exclusive sales representative for Al Houara Resort.
-Ends-
About Qatari Diar Real Estate Investment Company
Wholly owned by the Qatar Investment Authority, Qatari Diar Real Estate Investment Company was established in December 2004 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. Qatari Diar creates distinguished property developments with local culture and lifestyle experience to attract tourism and residents generating sustainable and tangible socio-economic benefits. Qatari Diar's vision is to become the most trusted and effective real estate investment company by focusing its value proposition on the creation of quality, well-planned and desirable sustained developments. Qatari Diar also provides local and foreign property developers with further opportunities to invest in numerous projects across the globe, including but not limited to Qatar, Syria, Morocco, Egypt and Europe.
For more information on Qatari Diar, please contact John Watts on +974 6876682 or johnw@brownlloydjames.com
www.qataridiar.com
About Sotheby's International Realty Affiliates
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation (then Cendant Corporation), the world's leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby's Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby's International Realty® name and the development of a full franchise system by Sotheby's International Realty Affiliates, Inc., a subsidiary of Realogy Corporation (NYSE: H). Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates, Inc. supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable, 260-year-old Sotheby's auction house. For more information, visit www.sothebysrealty.com.
© Press Release 2008
