LifeStyle Homes & Properties, the first and foremost real estate sales consultancy in Qatar, will be exclusively promoting the Sabban Towers on The Pearl-Qatar, a US $2.5 billion island being reclaimed offshore from the Qatari capital of Doha.
The 200 square meter office of LifeStyle Homes & Properties located on C – Ring Road (near Gulf Cinema) H. Fikri Building is designed to be totally customer-centric, with a team of well-experienced and friendly staff eager to offer all the possible assistance to the customers. LifeStyle Homes & Properties, under the operation and management of Sabban Property Investments (SPI) will use their in-depth market knowledge and expertise to manage the sales of the residences within the three luxury Sabban Towers being built on Porto Arabia.
To ease the financial burden of high rent rates in Qatar coupled with the ever-increasing market demand to purchase properties within Sabban Towers, SPI recently entered into a partnership with Commercialbank to introduce a first-of-its-kind mortgage scheme in Qatar. A focused seminar was also held for the general public to elaborate on this mortgage scheme and highlight developments within Qatar’s property market with specific reference to SPI and Commercialbank’s latest joint offering.
Arron Browne, Sales and Marketing Manager for SPI, said, “We are glad to join forces with LifeStyle Homes & Properties to manage the sales of Sabban Towers which is poised to be one of the most luxurious projects on the world renowned Pearl-Qatar development. Our dedicated real estate office has been designed keeping in mind the various requirements of customers, and we are keen on offering our range of integrated services to them. The timely launch of this attractive mortgage scheme by SPI and Commercialbank will certainly aid our sales team as they look to leverage the tremendous interest already generated by Sabban Towers.”
“Over the months, we have built a team of highly qualified professionals who have proven proficiency in successfully managing all sales aspects of large-scale real estate projects in the region. To automate a large part of the sales process, we have also developed an in-house customized reservation and sales procedure software. We look forward to further collaborating a long mutually beneficial relationship with LifeStyle Homes under the operation and management of SPI and, in the process, maximizing the sales of the Sabban Towers,” he added.
Turki Al Sabban, Director, Sabban Property Investments, said, “We are keen on leveraging the expertise and local market knowledge of LifeStyle Homes & Properties to realize our sales goals for Sabban Towers. Their modern, customer-focused office for the sales of this project will help in addressing the growing interest among regional and international investors by providing never-before-seen services. Our focus has been to offer the very best to our customers, which will be evident in the quality of every aspect of design and construction of the Sabban Towers, and we are glad that a reputed company like LifeStyle Homes, under the management of SPI, will be responsible for the sales of the project.”
The Sabban Towers, designed on the European-Mediterranean architecture are unique, as all three towers will be built on one podium leading to significant economies of scale and the ability to offer better facilities. The total plot area for all three towers is 19,692 square meters, including 6,115 square meters for recreational activity. Sabban Towers provide upscale residential apartments and luxury penthouses, with a picturesque view of the sea and marina. Some of the amenities at the towers include swimming pool and Jacuzzi, child day care, function rooms, squash and multi-sport courts, spas, gyms and landscaped garden areas.
The innovative mortgage scheme, which is exclusive to Sabban Towers, has an attractive payment structure that will enable customers to own their apartment in the Sabban Towers, with minimum financial burden. Customers are required to pay 10 per cent to reserve their apartment, with no other payments until January 2007, when the buyer will only be required to pay interest on 20 per cent of property value paid by the bank. On completion of the project, the customer pays another 10 per cent, while the bank pays the 60 per cent balance. It is only after the completion of the project that the customer begins making payments towards the capital. The Sabban Towers are on schedule for their targeted completion date of first quarter of 2008.
LifeStyle Homes & Properties, under the full operation and management of Sabban Property Investments in Doha, Qatar, offers a range of services to its customers that encompass consultancy, real estate agency and leasing services.
About Sabban Property Investments (SPI)Built on solid values that exemplify stability, social orientation, dynamism, personnel relations and commitment to ideals, Sabban Property Investments was established with a vision to lead the field by creating opportunities for people to own their part of the region's prosperity. By building strong bonds with people, SPI aims to claim its share of the promising future of the Gulf region and to contribute to it in a significant and meaningful manner.
In May 2005, Sabban Property Investments (SPI) announced its plan to build three residential towers (the Sabban Towers) on Porto Arabia, the main marina of The Pearl-Qatar, a US $2.5 billion island being reclaimed offshore from the Qatari capital of Doha. This makes SPI one of the first companies to build on the unique development, Qatar's first international freehold real estate venture.