On Sunday, March 13, 2022, Qetaifan Projects' Managing Director, H.E. Sheikh Nasser bin Abdulrahman Al Thani, hosted a press conference at the Ritz-Carlton Hotel, Doha for the sales launch of Qetaifan Island North's phase 3 villa plots.

Among the attendees were Mr. Hesham Sharaf - Chief Operating Officer, Mr. Jean Antonios - Chief Legal Officer, Sheikh Nasser bin Abdulaziz Al-Thani - Head of Business Development in Qetaifan Projects, and Mr. Nasser Hassan Al-Ansari - Chairman and CEO of Just Real Estate - Sales Agent.

Additionally, Mr. Nasser Al Mawlawi, Mr. Mohamed El Emadi Group Chief Business Officer – Masraf Al Rayyan, Mr. Ahmad Al Boainin, Mr. Erfan Sherif, Mrs. Amena Tena from Katara Hospitality attended the conference amidst numerous VIPs, guests, reporters, and journalists.

The Managing Director of Qetaifan Projects, H.E. Sheikh Nasser bin Abdulrahman Al-Thani, said: "Following the achievements and success of Qetaifan Projects, the master developer of Qetaifan Island North and due to the high demand witnessed on residential villa plots in Phase 1 and 2, after a comprehensive and careful study  of the  real estate market we announce the sales launch of the third phase of residential villa plots in Qetaifan Island North – a total of 40 villa plots, comprising of  beach access villas, waterfront, garden view, and for the first time villas overlooking Qetaifan Island North’s Linear Canal.”

"We have introduced new plots due to the remarkable demand for ownership on Qetaifan Island North and in response to the requirements of the market, which has been witnessing remarkable growth lately, especially after the implementation of the Freehold law for non-Qataris, in addition to allowing those who have not had the chance to own plots in Phase 1 and 2, at competitive prices and financing facilities for both owners and investors," he added.

Apart from the beach access, waterfront, and garden view villas, several plots will be made available for the first time, allowing owners to build villas with private access and a distinctive view of Qetaifan Island North's Linear Canal and the sea.

Each plot has an area of 1,000 to 2,060 square meters. Waterfront plots have areas between 1,020 and 1,250 square meters, whereas Garden view plots have areas between 1,200 and 1,300 square meters.

The design of villas offers the possibility of construction of a ground floor, in addition to two floors including a first floor and a penthouse. Additionally, owners could build a basement, if desired. Villa plots are located on the northern side of the island with direct access to the beach and views of Qetaifan Island North's Linear Canal. 

To ensure transparency and equal opportunity, Qetaifan will follow the down payment bidding mechanism in a ceremony attended by all clients who have reserved a plot.

H.E. Sheikh Nasser bin Abdulrahman Al-Thani, Managing Director of Qetaifan Projects, said: "The dream is about to come true, the work on-site is underway 24/7, more than 7,000 workers and 7 contractors are implementing 7 different project packages, and the teams that have put in all of their efforts to present this project in a way that suits Qatar as the first Arab country hosting the FIFA World Cup. Everyone works sincerely and with dedication, believing in the importance of this project, its promising future, the diversity it will add to sectors such as tourism and hospitality, and how it will contribute to the future of the entertainment industry, which will stimulate domestic tourism and attract tourists from all over the world, and one of our most important achievements, which we are proud of is our 90% reliance on the local market."

"We consider the development of Qetaifan Island North a unique experience and a success story with its residents and visitors, which we keep in mind as developers. The most prominent feature of this experience is the diversity of the real estate products on the island. In addition to hotels, recreational facilities, beaches, and retail, there is a school and a medical center, to provide residents and visitors with all the needed amenities," he added.

“For this, and based on our study as real estate developers for this project and our study of the market, Qetaifan Projects was awarded the Best Mixed-Use Development in the world for Qetaifan Island North development by the International Property Awards in the UK, where Qetaifan Projects was selected among 120 real estate developers around the world. In addition to two regional awards, which puts more responsibility on us and opens the way for us to develop more sustainable projects that will benefit the country and align with Qatar's Vision 2030," he concluded.

Mr. Nasser Hassan Al Ansari, Chairman, and CEO of Just Rail Estate said: “ The sales launch of the third and final phase of Qetaifan Island North’s residential villa plots is a milestone in the development of Qatar’s future iconic destination, as Qetaifan Island North represents an unparalleled opportunity for investors to invest in a project of national importance and benefit from its financial returns. The third phase was prepared based on what was requested in the previous phases.” 

Providing a great mix of entertainment, residential, hospitality, and retail, this family destination will serve as a magnet for investors. The project's third phase will appeal to investors seeking a distinguished lifestyle. 

The conference also revealed that the Distribution of Sale and Purchase Agreements for phase 1 and 2 plot owners would begin on March 20.

In order to ensure transparency and in accordance with the principle of equal opportunities, Qetaifan Projects will follow the same sales process of phases 1 and 2, which is bidding on the down payment. All those who reserved plots in Qetaifan Island North will be invited to a bidding ceremony that will be held at a hotel. It was announced that reservations will start immediately after the conference ends.  

H.E. Sheikh Nasser bin Abdul Rahman Al-Thani – Managing Director of Qetaifan Projects said: "The sales launching of phase 3 means a lot to us, and as a company and team, it places more responsibility on us towards this huge national project through which we seek to be in line with the national vision of the State of Qatar and the country's aspirations to lay the foundations for development in all sectors.” 

“We work at Qetaifan Projects to study supply and demand, and we always strive to keep pace with the needs of the real estate market, and we renew our plans continuously in line with the market state and the sectors that Qetaifan Island North will cater to.” He continued, “All involved parties, starting from Qetaifan Projects’ team and ending with the investor, in addition to the partners, whether local or international, are winning and lucky to work on this project, and we still have more plans and products that will enrich the real estate development market in Qatar at competitive prices," he added.

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