One of the most path-breaking real estate initiatives in Qatar, Lusail is all set to open up its much-anticipated The Seef project to Qatari and foreign investors.
Situated at the heart of Lusail waterfront and within proximity to many of the city’s landmarks including the Lusail Stadium, which is at the front and center of the upcoming 2022 FIFA World Cup, The Seef project offers an attractive investment opportunity.
With the upcoming Place Vendome and Marina Promenade, a popular outdoor destination for residents and visitors, the Lusail waterfront offers a slew of entertainment, retail, food and beverage options to the visitors.
Qatari Diar, a real estate company established by the state sovereign fund, Qatar Investment Authority is currently developing nine unique and exceptional residential towers in terms of design and facilities in the region.
The project is also one of the regions where the Qatari government has extended the freehold ownership program which allows these properties (commercial and residential) to be owned by foreigners.
Commenting on the announcement, Yousef Al Musleh, Chief Development and Asset Management Officer, said: “Lusail is ripe as an investment opportunity for local and foreign investors. The areas comprising the heart of Lusail are set to be the centre of business and commerce in the future. As an attractive location that offers residents, visitors, and business owners ease of access, connectivity and convenience built on sustainability, all locked in Qatar’s premier smart city.”
“We welcome investors to explore the residential, business, and commercial areas in Lusail and reap the benefits of its vibrant culture, environmentally- friendly structures and futurist design. Lusail is a hub for business activity now and in the future, promising an attractive return on investment”.
Master-planned by Qatari Diar Real Estate Development Company, Lusail City is one of the largest and most elaborate developments being undertaken around the world. The 38 square kilometers project is expected to have 450,000 people living, working, and visiting regularly.