Qatar-headquartered real estate company Qatari Diar is offering a rare opportunity for investors to fund a seasonal entertainment city on Al Maha Island in Lusail City.
Qatari Diar is extending the opportunity to developers and entertainment firms to join in what it describes as a “major world-class” entertainment project, which is expected to be built on a 200,000 sq m area on Al Maha Island over the medium term.
Al Maha Island is located opposite to Marina District and just off the coast of Tarfat Lusail District, a hub of international hotels, tourist facilities, and Place Vendome, which is poised as the new luxury shopping mall.
The destination will feature integrated attractions like a theme park, beach club, sports venues, and entertainment facilities for all ages, as well as restaurants and cafes, as per Qatari Diar.
“Situated in the vicinity of Lusail Marina, the project location is easily accessible via Lusail Expressway from the rest of the city and different areas of Doha. Collect the request for proposal (RFP) from Sunday, September 12, 2021. Submit your proposal by Thursday, October 14, 2021,” the real estate firm said in its statement.
Qatari Diar was established in 2005 by the Qatar Investment Authority, Qatar’s sovereign wealth fund. The real estate firm was entrusted to support the country’s growing economy and to coordinate its real estate development priorities.
The company’s flagship project, Lusail City, was launched in December 2005 and quickly went on to gain tremendous praise for its innovative approach to real estate. The progressive self-contained city is the largest single development to be undertaken in Qatar. Although it is currently under construction, Lusail already signifies Qatar’s progress on a grand scale, reflecting the vision and quality that have become synonymous with Qatari Diar.
Over the years Qatari Diar has established itself as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership, and sustainability.
