Just Real Estate hosts end of year review and forecast meet

Leading real estate players sound optimistic note for new Qatar lifestyle developments

Just Real Estate hosts end of year review and forecast meet
  • Diplomats among VIP attendees 

Doha, Qatar – Just Real Estate (JRE), Qatar’s leading property service provider, held a gathering for media, clients, and investors at their showroom to deliver an end-of-year review of the local industry and proffer a forecast for the year ahead.

Guests heard an upbeat sentiment from JRE’s Chairman, Eng. Nasser Al Ansari who said the country had much to gain from hosting the FIFA World Cup 2022 and from the new Doha lifestyle properties now coming onto the market.

Guests attending included Their Excellencies the Ambassadors Rashad Ismayilov of Azerbaijan, Victor Tvircun        of Moldova, Khisrav Sohibzoda of Tajikistan, and Hamid Reza Dehghani representing Iran.

Al Ansari said after a difficult 18 months, when the market was subject to volatility brought on by the COVID 19 pandemic, the sector is once again emerging as a key growth platform within Qatar’s economic diversification aims, which are inherent in the country’s National Vision 2030.

“We believe the real estate sector’s GDP contribution will only increase going forward,” he said. “This will be particularly so in 2022 when Qatar will receive global exposure with the arrival of the FIFA World Cup. We will be on show to over a million fans, teams, and their entourage, and also to the many millions who will watch the matches around the world. Not only will Qatar be on show, so too will this region, as this will be the first time that the World Cup will be held in the Middle East – it is therefore of great importance with implications stretching well beyond the championship stadiums, where the matches will be held.”

Al Ansari added that Qatar and the region will benefit from the World Cup exposure by opening up people’s minds to the country and the region as places to live, work, visit and enjoy.

“We will have the opportunity to tell people of our remarkable geographic location from which they can service a wide customer base of over 1.8 billion, they will hear and see the great developments in which they can invest and many more will have their interest in visiting Qatar and the region stirred. Much more than football scores are at stake here, and at JRE, we plan to support all efforts to put Qatar’s compelling investment and tourism case forward.”

The JRE Chairman said World Cup visitors and viewers from around the world will see a new style of living in Qatar – one that is focused on luxury, convenience, sustainability, and facilities for a great work-life balance that aids mental and physical wellbeing. “Projects which truly reflect new Qatari living styles include the Four Seasons on The Pearl, Terazza Residence in Lusail and Qetaifan North Island,” he said.

He added: “We look forward next year to the completion of The Four Seasons Hotels & Resorts, on The Pearl which offers the country’s first serviced residences and private apartments, managed by this high value brand.”

The Four Seasons will be an exclusive community of 80 private designer residences and four luxury penthouses all fully-equipped to the highest quality levels and with breath-taking sea views, offering a unique and luxurious destination on the waterfront. Residents have access to a wide variety of five-star services and amenities within the building, including a private, exclusive sand beach, indoor and outdoor swimming pools with cabanas offering maximum levels of privacy and comfort, a state-of-the-art gym, five podiums of parking space and the Four Seasons Spa. Additionally, the project will offer a range of leisure facilities for the entire family with residents having access to the Kids For All Seasons program. “Investors will also have the ability to sublet their property through Four Seasons management with lucrative returns on their investments.”

There are a limited number of exclusive Four Seasons apartments for sale, including studios, 1,2,3 bedroomed apartments and penthouses. The two, four-bedroomed penthouses take up the 18th and 19th floors and have separate rooms and shower areas for a maid and a driver, their own library and reading area, a family lounge and living room, terrace, and swimming pool.

JRE’s latest offering – the luxurious Terraza Residence in Lusail Fox Hills- epitomizes new Doha living with a wide range of apartment options from studios to spacious two-bed residences ready for investment by Qataris and foreigners alike.

Terraza Residence features 104 sqm studio, and one-bedroom apartments ranging in size from 84-118 square metres, in addition to two-bedroom apartments ranging in size from 99-125 square metres. Some apartments have balconies.

Residents benefit from a swimming pool, an entrance reception, shops on the mezzanine and ground floors, 24/7 security and on-site parking. The entire building is wrapped with lush green landscaping with the Crescent Park only five minutes away. Also, within less than a 10-minute walks are the Lusail Metro, Lusail Hospital, the Place Vendome Mall, Lusail Commercial Boulevard, Lulu Express Supermarket, and the Edison International Academy. Within 20 minutes are more convenient lifestyle facilities including the Duhail Cycling Course, Lusail Marina, Doha Sports Park, Doha Golf Club, Qatar University, and the Maharat Primary French School.

“With so much on its doorstep, Terazza Fox Hills will be a community of active individuals and families,” said Al Ansari.

JRE also reported strong investor interest in Qatar’s future iconic destination – the 1.3 million square feet Qetaifan Island North in Lusail. “This destination is a huge vote of confidence in the future of Qatar, the anticipated viability of its hospitality and tourism sectors and the intended quality of lifestyles in Qatar,” said Al Ansari.

The island features residential beachside villas and Qetaifan Projects’ new ‘Duplex’ units in limited quantities within the South Mid-rise towers on the marina. These distinct units are characterized by unprecedented privacy, each has a private entrance, swimming pool, spam parking lot and its own garden and separate staff accommodation. The units come with an average area of 450 square meters.

There has been ‘sold out’ demand for 107 beachside villa plots on the eastern side of the island ranging from 1000sqm to 2400sqm, the waterfront plots from 1000sqm to 1800sqm, and the garden villa plots reach an area of 1300sqm at an average of 850sqm. The villa design allows building a ground floor in addition to two floors, including the first floor and the penthouse, and it is also possible to build a basement.

Qetaifan Island North offers a mix of entertainment, residential, hospitality and retail investment opportunities and superb inter-connectivity being linked to Lusail by the ‘hanging bridge.’ The island will be a recreational and entertainment hub for families and visitors with more than half of it being given over to projects including a huge meter water park, luxury hotels, well-serviced, high-end homes, a mosque, school, and central park.

Qetaifan Island North will also have access to seven beaches and will include an exclusive club providing recreational activities for visitors to the island and its residents. Club services will include a restaurant, swimming pool, health and sports clubs, a children's area as well as a beach corridor for swimming.

Al Ansari told the gathering that all industry indicators of the national economy are now predicting growth, and the recovery of real estate markets. “So, this is the right time to invest,” he asserted.


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