Qatar Real Estate
The Pearl-Qatar draws attention
The Pearl-Qatar, one of the largest real estate developments in Qatar, and an offshore island worth multi-billion dollars, is the center piece of attraction for regional and international retailers due to its dynamic retail potential.
The Pearl-Qatar General Manager, Hussam Ahmed said "The Pearl-Qatar will offer excellent market positioning for retailers who could benefit from a unique residential community comprising 40,000 people, and many visitors every day. Right from the first day, the advanced conceptual design reflects the creation of a world-class residential community, an overwhelming new wave development and a unique lifestyle-oriented shopping mall with a difference"
The Riviera Arabia project of The Pearl-Qatar, will comprise Porto Arabia, that contains the largest planned marinas offering investors a huge choice of apartments, penthouses, town houses and surrounding lagoon with 300-rooms Four Seasons Hotel, operating from central island of Marsa Arabia. Riviera-style boardwalk will surround the 400-boat marina in Porto Arabia, which is one among the three marinas being planned to characterize The Pearl-Qatar, which, apart from the moorage, will feature navigable bays, water canals and world-class yacht club.
Ahmed said "This is the most unique and distinct developments in the whole of Middle East, which represents Qatar's history, and leads Qatar's path to future. We are already securing the highest percentage of high-brand outlets in the regions, and more number of international operators are getting to see the dynamic retail potential of The Pearl-Qatar."
"The development of The Pearl-Qatar proceeds as per the master plan, and during 2008, the Island's Waterfront retail district of Porto Arabia will represent the world's finest brands in one of the most fashionable and high-end shopping destinations." The Pearl-Qatar draws attention from regional and global retailers across the Europe, US, Arab and Asian regions.
Most of the international and specific outlets of the island will appear new to the region, representing world-class brands and covers 1mn Sq.Ft., during the first phase retail area of Port Arabia, scheduled for completion during 2008. On the whole, The Pearl-Qatar will comprise about 2mn Sq.Ft. of retail space on its completion during 2010.
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