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The Pearl - Qatar, Medina Centrale
Al Hambra St. Building No. 8, Unit No. 64
PO Box 14050
Doha, Qatar

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March 14, 2023

How To Navigate The Pearl Island’s Real Estate Market: Tips for Buyers and Sellers

Tamara
by Tamara Shinnawie

The Pearl is an upmarket man-made island in Doha, Qatar and is built on approximately 4 million sqm of reclaimed land. One of the largest high-intensity developmental projects in the Middle East, the island is lauded as an architectural marvel.  The Pearl Island real estate provides great prospects for an opulent waterfront lifestyle with beautiful marinas and white sand beaches. 

25 Spaces offers an extensive selection of Pearl real estate ranging from luxury apartments, villas, and townhouses to penthouses, with an unmatchable track record of extraordinary customer service.

Market Growth Forecasts

The Qatar real estate residential market is projected to record a CAGR higher than 11.5% during the estimated period from 2022-2027. Despite the negative repercussions of the pandemic period, residential estate market, especially at Pearl Doha Qatar, has had a positive impact on the market trends. The high per capita income of native citizens and expatriates has seen a surge in the demand for high-end and well-structured homes.

Why should you invest in the Pearl?

The Pearl Islands are easily one of the most captivating addresses in the Middle East. It is a combination of luxurious charm and ultra-modern comfort. It has been developed by the UDC (United Development Company) at the cost of GBP 8.5 Million.

It is one of the first Pearl Qatar locations to offer freehold properties to expatriates and foreign investors. With an impressive 15 million visitors in a year, the Pearl real estate is a lucrative destination for investing in properties, rentals or starting a business. It boasts scores of beautiful properties with world-class facilities, including villas, townhouses, luxury resorts and refined retail spaces.

Things to Know When Buying a Home in The Pearl Island, Qatar

The Pearl with its breathtaking design and architecture is home to a diverse range of properties catering to an array of tastes, needs and preferences. The freehold ownership of property provides expatriates at the Pearl a unique prospect for long-term property investments or making the Pearl, your home.

There are two permit options when it comes to investing in any real estate in Qatar in general and Pearl Properties to be specific. When you invest USD $ 200,000 or more in a property you will be eligible to receive a Qatar residency permit, allowing you to both work and live in the country. A permanent residency is also offered for an investment of USD $ 1 million or more, it includes all the perks of healthcare, education and exclusive investment opportunities to the permit holder and his family members. Please note: The permanent residency is subject to approval from the Ministry of Interior in Qatar, and is given on a case by case basis.

Where to Invest in The Pearl?

Pearl is home to the largest marina in Qatar, which was named, after its world-renowned history of Pearl diving and trading, to resemble a string of pearls. The rental market of the Pearl is thriving and abuzz with activity as it has an impressive inventory which world-class class living standards. 

Here are some prime investment locations at The Pearl -

Porto Arabia

A Mediterranean-styled neighbourhood comprising 31 towers and a 3.5 km waterfront promenade with a fashion retail and leisure space. Porto Arabia is one of Pearl’s liveliest and most captivating recreational spots. 

There are an impressive collection of apartments for sale in the Pearl include, including townhouses, multi-bedrooms and penthouses. The multitude of high-end restaurants and entertainment activities, make it an investor’s dream portfolio.

Viva Bahriya

The prominent Moroccan-inspired towers which include 1,780 residential units of apartments and townhouses are the most tranquil places located in the Pearl. The beach at the Viva Bahriya is stretched up to 2 km and is a popular destination to enjoy, relax and spend time with families together.

Qanat Quartier 

Taking a cue from Venice’s fabled waterfront neighbourhoods, Qanat has modelled its buildings in pastel colours, alleyways peppered with quaint cafes, elegant boutiques, and upscale retail spaces, all connected through 1.6 kilometres of the water canal network.

Gewan Island

Situated just off the Doha coast in West Bay, the Gewan Island project is a brand-new island with a mix of residential and commercial spaces and countless entertainment. The Island’s properties for sale, offer its residents a one-of-a-kind lifestyle in Qatar, with its range of serviced apartments, oceanfront, lakefront, and penthouses to choose from. And amenities? There’s a desirable selection of hotels, including an outdoor entertainment centre with a Crystal Walkway, a mosque, a clubhouse, and a 9-hole golf course on a 360,000-metre square total building space!

Gewan Island Project: Developmental Facts

Gewan Island a mixed-use development next to The Pearl-Qatar will have 3,000 residents and 6,000 visitors daily, including 6,000 young professionals.

In addition to 21,000 square metres of retail space, the Island will include 611 units, 558 flats, 26 riverfront villas, 21 beachfront villas, and 6 exclusive island villas. The 400,000 square meters man-made Island, which gets its name from a full-round, pink-tinted, flawless pearl from Qatar's maritime past, will have various housing options to meet different needs for investments and housing. In addition, a Canadian project management company will mastermind the project infrastructure, and development, including design and consultancy. A truly international project built with local flavours in mind!

Clubhouse

Gewan island’s Clubhouse is a low-rise building with a quiet presence at the centre of the amenities. The Banana Park's Clubhouse, strategically located between the Island's Mixed-Use Central Spine and Private Villa zone, fosters a strong community among its residents, added to its stunning foyer, restaurant, and café on an open floor plan that brings out a breezy dining experience. 

Mosque

The unusual modern mosque on Gewan Island Pearl Qatar stands out as a beacon of spirituality for its community members. Up to 260 worshipers can be seated in the main prayer hall, which is naturally lit, and up to 90 people can be sitting in the female prayer hall, which is located on the mezzanine level.

Banana Park

This beautiful space is considered the project's "breathing room" and consists of multipurpose green areas, pocket parks, creative planting, shade structures, and distinctive lighting. A welcome space for families and friends to enjoy BBQs or take a walk in the evenings.

Golf Club

A fine nine-hole golf course spread across six hectares of grasslands is Gewan Island’s prestigious place for golfers. With floodlit fairways and well-kept greens, the system offers a golfing experience for the modern day.

Corinthia Hotel

Corinthia Doha will be a prominent structure in Gewan Island, overlooking the Island’s planned golf course and beach club, covering an area of 13,000sqm and will comprise 110 guest rooms, a banquet hall and outdoor patio with a 1000 people capacity, an all-day dining and speciality restaurants in addition to a luxurious spa facility.

Corinthia Yacht Club

Edged by the prestige shopping of the Porto Arabia and the glittering Arabian Gulf waters, the Corinthia Yacht Club is where state-of-the-art design meets stunning views.

The billowing sails of traditional Qatari dhows as they catch the wind echo in the sweep of the building’s aspect, framed by a clean minimalist façade. Here, maritime and modernity reflect the heritage and innovation that have combined to create Doha’s exciting energy.

Set in a prime position on The Pearl continues a growing tradition of architectural excellence, exemplified by the skyline of Doha’s prestigious west bay district and augers the arrival of a new landmark for the city. Style, service, and exceptional facilities mark out the yacht club as a unique space in which to experience the very best of what Corinthia has to offer — a dedicated private membership club, the first of its kind in Qatar, with membership by invitation and reciprocal access to a portfolio of international private members’ yacht clubs.

Relax with family or friends as the heat of the day dissolves into the evening’s gentle balm and enjoy uninterrupted views of the marina from elegant outdoor and indoor spaces that flow seamlessly together.

Promenade

The Promenade in Gewan island is perfect for year-round public events with a climate-controlled walkway for pedestrians and cyclists, and you will love its culture-rich ambience in summer and winter alike.

Property buying and selling in The Pearl Island

An association with a Qatari real estate agency can mean the difference between winning and losing great deals in the local property market.

With extensive knowledge and expertise in Qatar’s estate market, our 25 Spaces Real Estate team is ready to help you manage your property and maximise your ROI. Our estate agents can assist you in buying or selling properties in The Pearl to match your taste and preferences.

Contact us at +974 4464 2525 or drop an email at info@25spaces.com.

Check out more insightful articles on Qatar’s Estate markets-

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