+ A
A -
Satyendra Pathak
Doha
Le Mirage, the real estate arm of Sharaka Holding, will complete eight projects worth QR3 billion by the end of 2018, general manager of the holding company has said.
Talking to Qatar Tribune on the sidelines of an event to brief media about Le Mirage projects, Sharaka Holdings General Manager Amer Fares said that three of the eight projects under construction would be completed in the fourth quarter of current financial year.
Once all the eight projects are complete by 2018, he said, an estimated 1,500 new residential units and 500 hotel rooms will be added to Le Mirage portfolio. The new supplies will increase the total number of Le Mirage residential units to 2000, he said. With the completion of these projects, Amer said, Le Mirage would add 70,000 square metre of retatil space and 20,000 square metre of office space to its portfolio.
The total worth of real estate projects under Le Mirage portfolio would increase to QR6 billion with the completion of these projects, he said.
Amer said that La Mirage is the first real estate developer in Qatar to build a roof top air-conditioned jogging track and entertainment facilities. Providing details, he said,"Le Mirage-Citywalk, a residential development featuring 400 contemporary apartments at Bin Mahmoud, will feature a state-of-the-art rooftop jogging track, swimming pools, children's pools, football courts, tennis courts, a golf simulator, and a spa."
Set across five buildings, he said, Citywalk would include one, two and three-bedroom apartments.
Other upcoming Le Mirage projects include Le Mirage-Icon, Le Mirage-Downtown, Le Mirage-Boulevard, Le Mirage Hotel, Le Mirage-Lifestyle and Le Mirage-Vogue and Le Mirage-Marina Drive.
Once constructed, he said, all Le Mirage properties would be handed over to Le Mirage Property Management for operation and management.
Talking about international projects, Amer said that the company was looking to launch new projects in London.
Le Mirage has developed a number of projects in London including Princess Square Apartments, Courtfield Gardens, Woodvale Walk and Borehamwood, he said adding that the company would announce new projects soon.
Addressing mediapersons earlier, Sharaka Holdings Chairman Shiekh Abdulla bin Ahmed al Thani said that Le Mirage was committed to develop world-class real estate in support of 2030 Qatar National Vision.
"Le Mirage's heritage as one of the country's oldest property developers has enabled it to establish itself as a market leader in the domestic property sector," he said.
