Qetaifan Projects, owned by Katara Hospitality, announced the awarding of reservations for Qetaifan Island North’s Phase 2 Villa plots at a ceremony held at the Ritz-Carlton Hotel.

The ceremony was attended by His Excellency Sheikh Nawaf bin Jassim bin Jabor Al-Thani, Chairman of the Board of Directors of Katara Hospitality and Qetaifan Projects, and His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects and Deputy Chairman of Katara Hospitality, during which investors bid on the first down payment to own a plot in Qetaifan Island North.

The ceremony followed H.E Sheikh Nasser bin Abdul Rahman Al-Thani’s sales launching announcement of Qetaifan Island North’s phase 2 villa plots during the press conference held at the Ritz-Carlton Hotel in November.

The ceremony was also attended by Their Excellencies Sheikhs, Ministers, among a number of VIPs, in addition to Qetaifan Projects’ board members; Eng. Jamal Al-Kaabi.

Mr. Hesham Sharaf – Chief Operating Officer, Sheikh Nasser bin Abdulaziz Al-Thani – Head of Business Development Department at Qetaifan Projects, and Mr. Nasser Hassan Al-Ansari – Chairman of the Board of Directors of Just Real Estate Company, the Sales Agent were also present. The ceremony was also attended by a group of VIPs and investors wishing to own property in Qetaifan Island North, and the attendees were keen to adhere to the precautionary and preventive measures set by the Supreme Committee for Crisis Management and the Ministry of Public Health.

A new real estate product for the first time in Qatar

The bidding activities witnessed a turnout of investors and owners to own property in Qetaifan Island North, and they expressed their contentment with this ambitious national project, which is considered the first entertainment touristic destination in Qatar, due to the unique facilities that the island has to offer.

The new real estate product, which was launched for the first time in Qatar, has witnessed a remarkable demand by investors.

In this regard, His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects, added, “The real estate development process is not limited to construction only. But it is a process that begins first with a study of the market and its needs and based on supply and demand, the real estate product is determined, and here, innovation plays a major and important role in bringing about new, innovative real estate products with investment returns that benefit the owner and increase the value of the project”.

“Based on our study of the local market, we saw that investing in a residential villa overlooking a 5-star operated beach is currently not available, and we decided to provide a luxurious and unique lifestyle for villa owners in addition to the luxury that fits the general framework of living in Qetaifan Island North as the first entertainment touristic island in Qatar.”

Bidding activities and the launch of another new and exclusive product in Qetaifan Island North

Since Qetaifan Projects is keen on providing equal opportunities for all and to ensure transparency, the same sales mechanism that was used in phase 1 which was accepted by investors was applied; through bidding on the first payment in front of all investors wishing to own property in Qetaifan Island North.

On this occasion His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects valued this mechanism, saying, “We were keen in Qetaifan Projects in the second phase of sale, and after the opening of reservations, to work hard on our marketing plans so that our products reach everyone without exception and that everyone has equal opportunities, using most if not all available and possible means of communication, and our campaigns are based on advertising on the company's social media platforms and media such as talk shows, radio, SMS campaigns, and online advertising. Accordingly, our efforts culminated with everyone attending the bidding ceremony.”

“We promise the new investors and those wishing to own property in Qetaifan Island North that this is not the end, we still have more distinctive real estate products in our portfolio, that will actively contribute to reshaping and developing the real estate development market in Qatar. On this occasion, Qetaifan Projects is proud to launch the new residential product, which is "Duplex" units in limited quantities within the South Mid-rise towers on the marina. These distinct units are characterized by unprecedented privacy, whether in terms of design or implementation, as each unit has a swimming pool, parking lot and its own garden, in addition to a private entrance for each resident to his unit, a spa, and separate rooms for workers.”

The units come with an average area of ​​450 square meters, and this product will be launched for the first time in Qatar at the end of the first quarter of next year. His Excellency indicated that the auction activities were carried out within the legally recognized controls in addition to the application of terms and conditions. In line with Qetaifan Island North’s developers’ goal in preserving the environment and sharing Qatar Vision 2030 in establishing long-term sustainable projects and in order to increase the green areas on the island, each owner got a gift that is an olive tree to be planted in ​​the villa.

Achievement and international awards despite the COVID-19 pandemic

"... as if nothing happened" This is how His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects expressed the year 2020 and he continued, "This year has witnessed many challenges that may seem to some as obstacles, but we at Qetaifan Projects have succeeded in overcoming obstacles and we turned challenges into opportunities.”

“As for Qetaifan Projects team, the Finance team got the accreditation of the Association of Chartered Certified Accountants, also 7 employees received memberships at the Chartered Institute of Marketing, and the Marketing Department received the Marcom Award for Excellence and Innovation as the best team achievement for phase 1 sales campaign. We have been awarded the Best Place to Work Award in Doha, and pur efforts have recently paid off by obtaining the award for the Best Real Estate Development Company in Qatar 2020 from the Global Business Outlook, and one of our most important achievements remains the dependence on the local market, which reached 90%.”

In conclusion, after completing the bidding process, and on behalf of Qetaifan Projects, His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects, thanked all the investors and attendees, saying, “We can only express our gratitude to all of you for your attendance and confidence in Qetaifan Projects.

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