The Master developer at Lusail City – Qatar’s largest real estate project – has completed infrastructure on the first phase of the flagship development and has begun handover of plots to investors.
Lusail City Real Estate Development Company (LREDC), an arm of Qatar’s sovereign wealth fund, said the 1.8m sqm Marina District would be the first of 19 districts at the 38 sq km Lusail City development.
Marina District will be home to an estimated population of 30,000 residents and 50,000 workers and will be serviced by a light-rail transit network that will connect to the rest of Lusail city and underground stations.
Lusail City, which will have 200,000 residents and capacity to accommodate twice that many people, is scheduled to be completed by 2019
When fully complete it will include waterfront residential units, mixed-use, commercial, and hotel spaces with large open areas leading to the waterfront promenades.
LREDC has now begun infrastructural work at the Fox Hills district, a 1.7m sqm area designed for medium density inner-city residential neighborhoods.
German consultancy firm Dorsch Gruppe was awarded a contract for construction supervision consultancy services at the project, it was announced in April.
Lusail City, which will have 200,000 residents and capacity to accommodate twice that many people, is scheduled to be completed by 2019.
The city will include man-made islands, an entertainment district, an office park for energy companies, a golf course and five stadiums.
Arabian Business
17 September
