The Pearl in Qatar has been hailed as an outstanding investment opportunity ever since the conception of the generous designs and plans for the development were released in 2004. What started out as a dream destination for more than 41,000 international residents will soon become reality when the first investors take ownership of their properties in December this year.
The Pearl Qatar insights
So what is this Pearl of Qatar and how can one find out more about this development? Easy, just read on to find out more. For starters, The Pearl is located just outside Doha, the capital of Qatar. With beautifully designed residential land reclamations, The Pearl’s owners and developers United Development Company (UDC) have managed to design and build Qatar’s largest development to date worth $15 billion all on an cluster of islands.
The spectacular island development is amongst the world’s most amazing and impressive constructions.
Constructions photos – February 2008
Aside from The Pearl’s residential facilities there will be three marinas, with more than 1,000 berths for private yachts. Three five-star hotels, plus a host of international brand name retail outlets will further delight visitors and locals alike.
The string of offshore islands will house some 8,000 residential units, ranging from villas with plenty of land to 20 storey high rises. Investors can choose between harbor views, beach homes and apartments while all the while enjoying splendid views across the Arabian peninsula and the Qatar mainland.
photo credits: fatboyke
The development is being built in four-phases, comprising of 10 distinct, themed districts to be developed over five years. They will house exclusive penthouses, beachfront villas, elegant town homes, luxury apartments, 5 star hotels, marinas, schools as well as upscale retail and restaurant offerings. A destination in its own right, lavish, secure and exclusive with a Riviera-style community.
Expected completion of all four phases is targeted for the end of 2011. A causeway will link the islands with mainland Qatar, providing easy access for locals and visitors.
The pearl monument on the Corniche in Doha, Qatar
Covering some 985 acres, The Pearl is the first freehold development of Qatar to offer non-Qatarians a world of opportunities. Upon purchase of a property at The Pearl owners are entitled to apply for a residency visa.
Even Donald Trump was impressed by The Pearl’s design on his recent visit to Qatar. He joined the owners on a trip around the island and expressed his awe on the development. While he was there he didn’t fire anybody.
Benefits of investing in The Pearl
According to the developers website, there are several benefits for Pearl investors. See for yourself why you should look into it if you are thinking about investing in an emerging economy.
- Freehold, residency
- Long term
- Riviera Island Living
- World-class facilities
- Three Marinas
- Breath-taking views
- Secure Qatari culture
- Strong Qatar Economy
Financial’s
Mortgages are being offered up to 25 years with up to 85% of the total purchase price financed. Upon reservation of a property a deposit of 20% has to be paid. The remaining 80% is due on completion. An estimated rental net yield of 10% offers attractive options.
Interested? Contact Us
If you are interested in buying your very own property on The Pearl island and would like more details, please fill out the form below so that we can send you the appropriate details.
