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Wednesday, November 25 - 2009

danat Qatar appealing to buyers

Asteco's danat Qatar apartments, situated in The Pearl-Qatar have seen strong sales, as property investors and homemakers take advantage of the development's unique features.

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  • danat Qatar apartments.
    danat Qatar apartments.
The danat Qatar development is situated within phase one of The Pearl-Qatar's Porto Arabia district. Asteco have released an initial 66 units in stage one of their sales campaign, with 75% of units being sold in the two week period since they were available to buy.

Buyers of property in the new danat Qatar tower can expect to live the high life, taking in spectacular views and living in the kind of luxurious and cosmopolitan surroundings not yet seen in Qatar. Homebuyers and investors in the development will also benefit from a new innovative mortgage scheme unique not only to this development, but to the Qatar property market.

The revolutionary mortgage scheme devised by Commercial Bank sees banking funds released to developers only on successful completion and professional survey of critical points in the construction stage, to time and specification, offering quality assurance to danat Qatar buyers and a unique value proposition to the market.

"There has been stiff competition within The Pearl-Qatar development, but sales in danat Qatar have been strong and steady, with 75% sold within a two-week period. Investing in property is a serious commitment, but our buyers have been impressed by the quality of our offering, and feel confident that they are making a sound personal and financial investment when buying danat Qatar,"


said David Oayda, General Manager of Asteco.

Investment firm Capital Investment, who are the developers of danat Qatar, provide further assurance of the project's pursuit of excellence. Capital Investment firmly believe in the riches that will evolve from such a development as The Pearl-Qatar, and danat Qatar represents their own contribution to growing the vision of a burgeoning Qatar economy.

Stage 1 of construction is already underway, with 66 apartments initially on offer from the 230 units available in total. The danat Qatar development is scheduled for completion in September 2009.
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Notes and media contacts

Asteco is an international property services company based in Dubai and is the UAE's leading property services consultancy with over 5,000,000sq ft of real estate under their management, including The Palm, Jumeirah development in Dubai. Asteco offers complete property agency services including leasing and sales, development advice, property management and marketing and feasibility studies for residential, commercial and retail developments.

Released on behalf of Asteco by Hill & Knowlton - for further information or to arrange an interview, please contact:
David Oayda
General Manager
Asteco
Tel: +974 449 7700

Kerry Morris
Senior Account Executive
Hill & Knowlton, Qatar
Tel: +974 413 1260

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