Elie Saab’s Les Vagues apartments are now officially on sale in Qatar result of a partnership between Dar Al Arkan Global, a renowned Saudi Arabian real estate company, and Qetaifan Projects, a renowned Qatari real estate development firm that is entirely owned by Katara Hospitality.
According to a statement from Dar Al Arkan Global, the project on Qetaifan Island North, valued at QR1 billion ($274 million), raises the bar for luxury living in Doha with an architectural concept that emphasizes the attractiveness of seaside living.
One, two, and three-bedroom apartments with balconies affording views of the Doha marina and the city skyline are included in the upscale residential project, according to the statement.
Sheikh Nasser Bin Abdulrahman Al Thani, Managing Director and Chairman of Qetaifan Projects, senior Dar Al Arkan officials, including Chairman Yousef Al Shelash and CEO Ziad El Chaar, as well as renowned fashion designer Elie Saab, who created the interiors of the residences, made the announcement at an event held yesterday (October 19) in Doha.
Speaking on this occasion, Sheikh Nasser said: “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.”
Qetaifan Island North, which spans a vast 1.3 million sq km region, was specially created to be Qatar’s upcoming iconic entertainment and luxury destination.
“Inspired by the rich culture and nature of the region, the distinct island will feature a thrilling waterpark, a luxurious hotel, unrivaled accommodation, exceptional retail options, and world-class facilities that make it a vibrant and attractive community,” he noted.
“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,” he added.
El Chaar emphasized that with its remarkable residential construction in Doha, Dar Al Arkan was announcing its entry into Qatar.
“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,” he noted.
On the new venture, Elie Saab said: “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,” he added.