Qatar Real Estate News
Basic infrastructure amenities completed in Lusail project
The Lusail Real Estate Development Company (LREDC) has announced completion of basic infrastructure facilities in the North and Western sides of Jabal Thelieb project. So far, about 385 plots have been already handed over to investors, said CEO of LREDC, Essa Mohammed Ali Kaidari.
The development of roads and work on utility services are completed, and there is huge investor response for the project. The construction works involve some big names in real estate sector.
Essa Mohammed said that an early completion of the infrastructure works of other areas also has been planned.
About 33 investors and real estate developers have begun construction works at “Jabal Theileb” project. The LREDC will continue to handover rest of the plots over the next six months.
The project, which stretches 1.8km of the project which covers a total area of 2million sqm, will launch 9200 housing units. The designs of the buildings will reflect the cultural heritage of Qatar and the country's commitment to green and sustainable development.
The Lusail Development covers 19 individual districts with about 4000 parcels for development. The project is aimed at accommodating 200,000 residents.
The development features state-of-the-art mass transit networks, infrastructure services and a range of mixed-use, residential, sports, hospitality, retail and entertainment venues and districts.
Further, with an over-riding sustainability-driven development strategy, Lusail forms key part of delivering forward thinking, global vision for sustainable approach that matches our times.
Posted on 3/2/2015
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