Towers Rise Over Qatar Island Development

(Read more on the multifamily market.)

DOHA, QATAR-The Pearl-Qatar island development has begun to rise out of its shell. Towers are climbing rapidly in the first segment of this master-planned, man-made island in the Persian Gulf. The first phase of the project is the $2.5-billion Porto Arabia neighborhood, where 31 towers, each 20 stories high, are beginning to be topped off. The first residents are expected to move in by December.

In addition to the residential towers, Porto Arabia will also include one million sf of retail space, a Four Seasons Hotel and a 400-berth marina. The island is linked to Qatar’s west coast via a short causeway.