The Seef, a 600,000-sqm multi-use development located at the waterfront of Lusail, is now open for Qatari and foreign investors, it has been announced.
The location offers an attractive investment opportunity, situated at the heart of the Lusail waterfront, and within the proximity of many of the city’s landmarks, including Lusail Stadium, which is scheduled to host 10 matches during the FIFA World Cup Qatar 2022, up to and including the final.
The Lusail waterfront offers a slew of entertainment, retail, food and beverage options, set to feature the Parisian themed up-and-coming Place Vendome, in addition to the Marina Promenade, a popular outdoor destination for residents and visitors.
Qatari Diar is currently developing nine unique and exceptional residential towers in terms of design and facilities. The project also offers freehold ownership for the luxurious residential apartments and leasing opportunities for community retail outlets, in addition to residency for non-Qatari investors in line with Cabinet Resolution No 28 of 2020.
Qatari Diar has invited the public to explore the numerous investment opportunities at The Seef, a high-profile district that offers investors a luxury waterfront development, extending over a plot area of around 520,000sqm of land.
The mixed-use building area comprises 600,000sqm of commercial, office, retail, hotel, residential as well as entertainment, dining and cultural destinations and outlets, stretching along its 2.3km waterfront promenade.
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.”
He added: “We welcome investors to explore the residential, business and commercial areas in Lusail and reap the benefits of its vibrant culture, environment-friendly structures and futurist design. Lusail is a hub for business activity now and in the future, promising an attractive return on investment.”
The heart of the Lusail area is meticulously designed for pedestrian street shopping and al fresco dining, facilitating intra-mobility through its connection to Lusail’s underground car parking and a range of public transportation systems making it attractive for commercial purposes, a press statement notes.
Lusail is a visionary development in Qatar, master planned by Qatari Diar Real Estate Development Company. The Lusail project is one of the largest and most elaborate developments being undertaken around the world, over a substantial area of 38sqkm where an estimated 450,000 people are expected to live, work and visit regularly.
It encompasses not only new residential, commercial and retail opportunities, but also a full array of community needs, complete with schools, medical facilities, entertainment and shopping centres.
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