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Sat 25 Dec 2004 04:00 AM

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Investors given choice of three on Pearl Qatar

Three La Plage districts on southern fringe to feature 198 villas

Investors are being offered a choice of three options for the construction of their villas on the US $2.5 billion island development, The Pearl-Qatar. The first involves a choice of plot and approved villa design and villa construction by United Development Company (UDC), the developer and promoter of The Pearl-Qatar.

The second alternative involves the investor choosing a plot and villa design and appointing his own construction company, while the third involves choosing a plot and designing and building his own villa in accordance with UDC guidelines.

La Plage West villas make up the first of three sea view La Plage neighbourhoods. These hug the meandering coastline of the island’s entire southern fringe. In total, the La Plage districts will feature some 198 villas. Those on La Plage West will look out onto Doha and have views of the capital’s mainland beaches.

“These villas, being designed by award-winning US architects RNL International in association with KEO International, will be individual dwellings of superb quality based on the Mediterranean style in keeping with The Pearl-Qatar’s Riviera Arabia positioning,” said Nick Bashkiroff, development director, The Pearl-Qatar. The six distinct villa designs, all with their own private pool and beach frontage, range from three to six bedrooms. “These are very spacious homes offering a great deal of privacy with living space ranging from 440 m² to 1019 m²,” added Bashkiroff.

He said the developers are offering investors a ground floor opportunity to enter Qatar’s only freehold property market for overseas buyers. The La Plage villas come with a range of features that include 24-hour security, gated access, tiled roofs, large plots and landscaped gardens. “Our offer will ensure delivery of a truly world-class project which will live up to the quality positioning of this unique living experience. The villas will be ready for occupancy by mid 2007,” said Bashkiroff.

The Pearl-Qatar is a Riviera-style man-made island, covering 400 hectares of reclaimed land. It is Qatar’s first international real estate venture, the largest real estate development in the country and the first to offer freehold and residential rights to international investors.

It will create over 30 kilometres of new coastline. The Pearl-Qatar will eventually house 30 000 residents. The first investors are expected to take up residency in 2006.

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