Qatar Real Estate News
Imperial Towers project unveiled at The Pearl Qatar
The Imperial Towers project comprising five towers, was launched yesterday at Viva Bahriya in The Pearl Qatar.
Developed by Durrat Al Doha, a joint venture between Qatar Islamic Bank and Aqaar Real Estate Development and Investment Company, and the Al Jazeera Islamic Company and Real Estate Services Group, and other private investors, the project comprising five towers, will be complete in two years.
Every tower will have 154 to 166 apartments, with luxurious double, triple, and four bedrooms and penthouses with direct access to ‘private beach’. The towers, namely, Imperial Ruby, Imperial Diamond, Imperial Emerald, Imperial Amber and Imperial Opal, are priced at QR1.5mn and more.
Buyers on the day of project launch will derive ‘price protection’ benefits, as they will be required to pay only the price committed while booking the property. The potential buyers of Imperial Tower units will have to pay only 10% of total cost upfront. Another 10% will have to be paid after six months, and the balance 80% will have to be paid on completion of the project in 2010. Hence the buyers gain an interest-free two-year ownership until completion of the project.
The promoters of the project have come up with ‘flexible financing solutions’ for prospective buyers. During the launch of the project, an Executive Committee Member of Durat Al Doha, Khurshid Hassan, said “We are committed towards developing stylish and sophisticated homes for discerning buyers. We are aware their home is an expression of their personality and fulfillment of their aspiration. Apart from this, the residents will get to enjoy stunning 360-degree sea views, and all that they require at their fingertips, due to the intelligent home solutions being integrated with the project.”
According to Hassan, this project offers perfect investment opportunity for buyers, besides the opportunity of ‘fine living’ in The Pearl Qatar. Apart from Qatar alone, the developers of the project are expecting a good response to the Imperial Towers project from the region and outside.
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