Luxury lifestyle attracts Q-REX sales

The Qatari real estate industry showpiece welcomed 70 exhibitors and more than 4,000 visitors from around the world for Q-REX 2008 which ended yesterday. Prominent investors, developers, architects and designers as well as urban and environmental planning specialists attended the 4-day event at the Doha Exhibition Centre, confirming the strength of the Qatari property market.

"Q-REX was a tremendous success for The Land and has generated phenomenal sales and interest from buyers, especially for our premium properties at The Pearl-Qatar, namely Porto Arabia, Viva Bahriya and Perlita Garden Falls," commented Mr. Said Said, President of The Land Holding.

The Land also reported substantial interest from major oil and gas companies keen to exploit the business advantages at 'The Atrium', the first large scale commercial property due for completion at The Pearl-Qatar in 2009. The Atrium is located within Energy City, a short distance from The Pearl-Qatar's main residential areas.

"The sheer size and pace of the Qatari economy is driving the property and investment markets at an unbelievable rate. As host of Q-REX, Doha is currently the focus of the world's real estate development industry and with its rapid expansion and rate of investment is recognized as the commercial and financial heartbeat of the GCC," added Said.