Dar Al Arkan begins sales of apartments at $275mn Les Vagues residences by ELIE SAAB in Qatar
The premium residential project in Doha features one, two and three-bedroom apartments
Saudi-based Dar Al Arkan Global has kicked off sales of its Les Vagues residences by ELIE SAAB, which is located in Qetaifan Island North, Qatar, and developed in collaboration with Qatar-based Qetaifan Projects. The latter is a fully owned subsidiary of Katara Hospitality.
The project is being developed at a cost of US $275mn and aims to set new standards of luxury living in Doha, with an architectural design that enhances the appeal of seafront living, Dar Al Arkan said in a statement. The premium residential project includes one, two, and three-bedroom apartments with terraces offering uninterrupted views of the sea, the marina, and the Doha skyline.
The launch of sales was announced during an event held in Doha, in the presence of HE Sheikh Nasser Bin Abdulrahman Al-Thani, Managing Director and Chairman of Qetaifan Projects, Dar Al Arkan’s Chairman Yousef Al-Shelash, Ziad El Chaar, CEO of Dar Al Arkan Global, and fashion designer Elie Saab who designed the interiors of the residences.
In early October 2022, JLL signed an agreement with a Qatar real estate brokerage to boost property investments and, later in the month, Dar Al Arkan showcased the world’s first Pagani apartments in Dubai.
“The partnership with Dar Al Arkan Global exemplifies our concerted efforts to make Qetaifan Island North a preferred destination for a global audience, with its unique residential, entertainment, retail, and recreational offerings. With the sales launch of Les Vagues residences, as one of the most premium residential projects on the Island, we anticipate a strong positive response from the local community and international investors, further solidifying Qatar’s position as a global investment,” stated Al-Thani.
Covering 1.3m sqkm, Qetaifan Island North is said to be specially designed to be Qatar’s future iconic entertainment and luxury destination. Inspired by the rich culture and nature of the region, the island will feature a waterpark, a luxury hotel, residential accommodation, retail options, and facilities that make it a vibrant and attractive community, Dar Al Arkan noted.
El Chaar noted, “We’re marking our entry into Qatar with the most exceptional residential development in Doha. The sales launch of Les Vagues comes at an opportune time, as the country emerges as one of the most sought-after investment destinations in the region with many positive and attractive trends shaping this bourgeoning market.”
In mid-October 2022, Bevan Farmer was elevated to Head of Qatar at Addleshaw Goddard and Knight Frank said that Qatar’s hospitality sector was expected to grow by 89% by 2025.
Saab concluded, “We are thrilled to be working with Dar Al Arkan Global on a new lifestyle address. Les Vagues is our first project in Qatar, and it has been meticulously designed to complement the luxury island life of Qetaifan Island North. We are confident that this new project will appeal to our discerning clientele from around the world seeking bespoke seafront living spaces with magnificent views.”
