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Monday, November 23 - 2009

The LAND enjoying its sales success

"THE LAND", a Middle East based real estate Development Company operating across the region, has been enjoying an unprecedented success in its sales, where it managed to sell fifty percent of the first two towers which are part of The Land QR 2 billion project in The Pearl-Qatar's Riviera Arabia.

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  • The Pearl-Qatar's Riviera Arabia.
    The Pearl-Qatar's Riviera Arabia.
The two towers will be ready for occupancy by the beginning of 2008.

Mr. Salam Said, Director of The Land Commented, "we accomplished an unparalleled success in marketing the first two towers. We remarkably sold seventy percent in one of the towers, besides selling forty units in the other tower. Therefore, The Land will go on with more achievements, yet, it will introduce an immense surprise related to the third tower".

Just about launching the exquisite The Pearl-Qatar project in April Last year, The Land witnessed a vast response by the investors, in line with reclaiming more than eighty percent of the four million square meters project's land.

A luxurious lifestyle


The Pearl project, considered to be the biggest in the exotic Porto Arabia district, provides first-class facilities that match renowned international 5-star hotels. The designers of The Land gave incomparable attention to the smallest details concerning the construction works in the sight. After finishing the piling and initiating the foundations phase of the three towers, the attention will be focused on the elegantly designed residential units, which are composed of a mixture of studio apartments and one to five bedrooms apartments, in addition to the lavish penthouses in which the ideal finishing works are skillfully executed with the latest technologies.

The Pearl-Qatar is one of the gigantic projects under dispensation in Qatar these days. The key importance of this magnificent development comes from its innovative composition of tourism and properties. The distinctive marine style and location of the project are set to put Qatar on the international map of tourism and recreation in an elite and splendid way of life.

As part of an effort to open up the real estate sector in Qatar and attract foreign investment, the government will allow freehold ownership at The Pearl. Property owners are entitled to apply for a residency visa upon the purchase of a property. The visa will include dependent children and is valid until the resale of the property.

Porto Arabia is not only a supreme residential project, it also provides a rich scope of highly-rated services, including entertainment and shopping areas made to incite the attention of the investors. The Pearl-Qatar project comprises of 2 million square meters of shopping dedicated areas with more than 800 outlets making it a destination for both high end retailers and consumers. When completed in 2009, The Pearl-Qatar will be an elegant and exciting destination, featuring word class tourist attractions, shopping and dining experiences.
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ABOUT 'THE LAND'

'THE LAND' is a GCC based company that operates across the Middle East region, with operations in Qatar, Jordan, Bahrain and Kingdom of Saudi Arabia. THE LAND comprises a team of successful businessmen from Saudi Arabia and Qatar, with extensive experience in investment, finance, retail and large scale construction projects. The company has announced its plan to build 7 residential towers at the Porto-Arabia district of The Pearl-Qatar, investing over 2 Billion Qatari Riyals for its first project in the country.

ABOUT THE PEARL-QATAR

This US $2.5 billion offshore, Riviera-style man-made island, covering 985 acres of reclaimed land, is Qatar's first international real estate venture, the largest real estate development in the country and the first to offer freehold and residential rights to international investors. It will create over 30 kilometers of new coastline.

The Pearl-Qatar's name and location, on a former pearl diving site, leverages the country's traditions, and strong historical and cultural ties to the sea - it is an island rediscovered.

The Pearl-Qatar will eventually house over 35,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive island retreat bringing the ambience and lifestyle of the Mediterranean to the heart of Arabia.

The 3-phase development comprises 10 distinct districts to be developed over five years, with the first investors expected to take up residency in late 2007. The Riviera Arabia themed districts will house three luxury hotels, three marinas, with combined mooring for over 700 boats, and 100,000 square meters of luxury retail and restaurant space.

The Pearl-Qatar is being built 350 meters off the shore of the West Bay Lagoon area of the country's capital, Doha. Whilst offering an exclusive retreat, the island will also be closely integrated with, and have easy access to, the capital's thriving community. Dredging work for The Pearl-Qatar is currently underway; the completed project build-out is due for completion in 2009.

The Pearl-Qatar is being developed and promoted by United Development Company (UDC), Qatar's largest private sector shareholding company.

Laila Chehayber
Account Manager
PR & Events
Promoseven - Weber Shandwick
4th Floor - Pearl Tower
Al Sadd Street, Doha Qatar
Tel : +974 436 4385
Fax : +974 436 4387
www.promoseven.com

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