Properties set to change the real estate sector

Doha, Qatar (26 March 2012)

The Qatari market last week saw thefirstapartments at the historic Souq Waqif become available to the public; an addition set to change the real estate sector, having gained wide appeal in the first week since release.

Offering a blend of both traditional architecture and modern amenities, the Souq Waqif apartments represent a change in pace for the Qatar real-estate market, which has been focused to date on modern residential towers and state of the art properties in West Bay and the Pearl, excluding the more historic Souq area of Doha.

Developed by Al Rayyan Project Management andcurrently being offered exclusively through COREO,a service-driven real estate and relocation company in Qatar,these latest additions to the sectorprovide a very different experience to potential residents. Located at the heart of Doha, these exclusive units feature a unique combination of modern Western interiors overlooking the historicallyinspired Souq Waqif.

Victor Jabbour, a commercial and residential real estate expert and the Senior Sales and Leasing Associateat COREO,stated: "For a market that has been completely focused to date on practical living in modern towers, the Souq Waqif properties are a real game-changer, offering a taste of traditional Qatari architecture with a very exclusive address and Doha's most bustling avenues on their doorstep".

The apartments are the first residential units in Souq Waqif to go on the market, and have already proved popular, garnering interest from potential residents attracted to the unique setting.The one and three bedroom apartments offer a unique mix of tradition in their exterior appearance, fused with modern interiors bristling with current technology.

EveBenson, COREO Sales and Leasing Associate, explained the reason behind this popularity, stating: "Not only do residents get to be a part of Souq Waqif, but they receive all sorts of concessions at restaurants within hotels located in the Souq. A major plus for residents is that they are able to use the state-of-the-art facilities on offer at any of the six Souq Waqif Boutique Hotels.

These hotels are operated by Al Rayyan Hospitality and they, like the residential units, also offer an attractive fusion of tradition and modernity. The modernity can be seen in the treatment roomsand fitness spafacilities, which are just some of those available, alongside the signature culinary restaurants.

"With only nine exclusive units available for rent at the moment, the experts at COREO are expecting a very fast turnaround on the current properties" said Benson, adding that this is a "fast-developing project, so more properties will become available soon, but these first offerings are truly unique, and enquiries through our website, www.mycoreo.com, have already proven the vast popularity of the concept".

Souq Waqif is one of the only remaining traditional souqs in the Gulf. A showpiece of Qatari architectural traditions, handicrafts and folk art, itstands on the same location historicallyused as a weekend market area for Bedouin traders.

-ENDS-

Profile:
COREO, established in Qatar in 2008 to fill a perceived gap in the Qatari market, is a service-driven real estate and relocation company working on both a corporate and individual level in Qatar and Bahrain.

COREO's focus is on having the right team, leadership, technology, and systems in place to continue to be a leader in its industry, delivering a 6-star service in the real estate and relocation sector, consistently providing unprecedented results for its clients. COREO provides resale, rental, relocation and property and facility management services.

For more information please visit: http://www.mycoreo.com/Property.aspx

For all media enquiries, please contact:
Lena Arkawi
Forbes Associates
M: +974 3383 7736
E: lena@forbes-associates.com

© Press Release 2012