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Three islands on The Pearl-Qatar, the US $2.5 billion iconic destination being reclaimed off the coast of the Qatari capital, Doha, have been sold to a private
Gulf investor for hospitality development.
Under the multi-million-dollar deal, the investor has bought: Marsa Arabia – an anchor island-within-an-island in the centre of Porto Arabia, the main marina of The
Pearl-Qatar; Viva Centrale, the island playground of Viva Bahriya, the project’s second largest bay, and Marsa Malaz island, which sits snugly in the centre of The
Pearl-Qatar’s smallest bay – Costa Malaz.
“The investor has stated that development will follow The Pearl-Qatar’s masterplan and the hotels to be built will be in line with the initial overall concept,” said Nick
Bashkiroff, Development Director, The Pearl-Qatar.
The original masterplan called for a 450-room, five-star hotel on Marsa Arabia. The property would sit in splendour on the island, the largest of three on the project, and
would be a haven for some of the million business and leisure travellers expected in Qatar by 2010.
“The hotel will face an idyllic expanse of marine activity and a Riviera-style shoreline,” explained Bashkiroff. The Marsa Malaz property was conceptualised as an
exclusive hotel and spa.
“The island’s hotels will be destinations in their own right and will enhance The Pearl-Qatar’s positioning as The Riviera Arabia – a place to experience a Mediterranean
lifestyle in the heart of the Arabian [Persian] Gulf,” he said.
Meanwhile, The Pearl-Qatar has launched the sale of around 500 townhomes fronting the 2.5 kilometre La Croisette boulevard which skirts the main Porto Arabia
harbour.
The one, two, three and four-bedroomed town homes are the final freehold residential offerings on Porto Arabia, which will be the bustling heart of The Pearl-Qatar.
“These homes are individualistic in style with the one and two bedroom designs being single storey, the three-bedroomed homes being designed as duplexes and the
four-bedroomed units being three storied. All will have magnificent views over La Croisette and directly onto the 400-berth Porto Arabia which is set to be an
international super-yacht hub,” said Bashkiroff.
The town homes range in price from just over US $300,000 to US $1.3 million.
“We anticipate strong demand for these homes which offer investors opportunities at one of the most glamorous addresses in the Arabian
[Persian] Gulf.”
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