Latest news with #QatariDiar
Zawya
14-07-2025
- Business
- Zawya
Qatar: Residential sales transactions witness 13.2% increase in Q1
Doha: Qatar's real estate market remained stable in the first quarter (Q1) of this year. The residential sales saw a substantial rise as the transactions witnessed a 13.2 percent surge on quarterly basis (QoQ) and 67.1 percent annually (YoY) in Q1 2025. The median ticket size for housing units was QR2.7m showing an increase of 3.8 percent quarter-on quarter but a decline of 3.6 percent on yearly basis, according to ValuStrat real estate research for Q1. The highest transaction activity was recorded in Doha and Al Dayeen. The Pearl Island and Al Qassar saw sales value surge by 54.3 percent, while transaction volume climbed 39.8 percent QoQ . Regarding residential supply in Q1, the research noted that the total residential stock during Q1 2025 was 401,542 units, comprising 253,513 apartments and 148,029 villas. An estimated 2,000 apartments were delivered during the quarter. The key additions included 690 units at Gewan Island (The Pearl), 377 in Shahad Tower (West Bay), and 676 across Lusail Marina's FJ Residence, Venice Tower, and Nayef Tower. Qatari Diar, in collaboration with Dar Global, announced a new development under the Simaisma coastal project, featuring Trump-branded villas and an international-standard golf course. SAK Holding launched the Usool Al Mansoura Compound, comprising of two towers with around 500 units ranging from studios to three-bedroom apartments. The project, with a total built-up area of 62,218 sqm, is offered under a leasehold structure. Tameer Properties acquired seven seafront plots on Qetaifan Island North to develop luxury residences and branded hotel-serviced apartments, with Carlton House announced as the first project. The median monthly rent for a residential unit held steady quarterly but fell 1% YoY to QR8, apartment lease values stabilised at QR6,000 since the previous quarter while reflecting a 2 percent annual drop. For one-bedroom apartments the median monthly lease rate was QR5,500, for two-bedrooms QR6,250, and for a three-bedroom QR7,500. The rents in Lusail remained stable QoQ, while rates in Al Mansoura recorded an increase of up to 2 percent. In contrast, Al Sadd experienced a 2 percent decline compared to the previous quarter. Over 18,000 apartment rental contracts were signed in Q1, marking a 15 percent increase both quarterly and yearly. A slight softening in tenant churn was observed, as new lease agreements accounted for 82 percent of total contracts in Q1 2025. Al Wukair, Al Mashaf, and Al Thumama cumulatively were the top contracted areas with 5,319 leases, measuring an increase of 17.5 percent quarterly. The median rent for villas was QR11,000, stable QoQ but increased by 1 percent annually. The quarterly adjustments in key areas were minimal, showing only a 1 percent rise or fall QoQ. The median monthly rent for a three-bedroom villa was QR11,500, for a four-bedroom villa QR12,000, and for a five-bedroom villa QR14,000, the research further said. It added, around 6,048 villa lease contracts were signed during Q1 2025 reflecting an increase of 10 percent QoQ and 13.7 percent YoY. New tenancies accounted for 83 percent of the total agreements The cumulatively, Soudan, Aziziya, Ghanim, and Murrah were the top rented areas with more than 664 contracts, an increment of 4 percent since fourth quarter last year. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
DW
05-07-2025
- Business
- DW
How Donald Trump has profited worldwide from his presidency – DW – 07/05/2025
With Donald Trump's return to the White House, the Trump family's fortune is surging as many question the line between presidential power and private profit. In just six months back in office, Donald Trump's company the Trump Organization has rolled out 12 new international business projects — surpassing the total from Trump's entire first term. And with each new deal, the same question grows louder: Where does President Trump's public duty end, and where does his private empire begin? Back in 2017, Donald Trump publicly called Qatar "a funder of terrorism." Fast-forward to 2025, and the first foreign deal secured by the Trump Organization after Trump's return to the Oval Office is happening in Qatar itself. The project, just outside Doha, will feature a luxury resort and an 18-hole golf course, branded as the Trump International Golf Club & Villas. On paper, the development is being carried out by real estate developers Qatari Diar and the Saudi company Dar Global. But Qatari Diar is no ordinary private company — it was set up by Qatar's sovereign wealth fund and is chaired by a government minister, effectively making it an arm of the Qatari state. Just weeks before President Trump's scheduled visit to Qatar in May 2025, Eric Trump traveled there to help advance the negotiations. The Trump Organization has maintained that the partnership was secured through Dar Global, a Saudi firm, and not directly with Qatari Diar. But that explanation hardly puts the questions to rest, since Dar Global itself has close and well-documented ties to the Saudi royal family. Meanwhile, Trump's May trip brought another issue: The Qatari government offered the United States a customized Boeing 747, a so-called "flying palace" worth around $400 million, as a diplomatic gift. Beyond these business entanglements, the US relationship with Qatar remains complicated. While Qatar has faced criticism for supporting Hamas, it has also positioned itself as a key intermediary in ceasefire negotiations in Gaza. These conflicting roles — friend, funder, and fixer — only deepen the unease about Trump's willingness to entangle presidential diplomacy with private profit. In a series of dubious coincidences, weeks before Trump's Gulf trip in May 2025, the Trump Organization revealed a new partnership with Dar Global. The deal plans to build the Middle East's first Trump International Hotel and Tower in Dubai, marking their fifth regional collaboration. Addressing the US- Saudi Investment Forum during the visit, Trump laid out a regional vision built on "national sovereignty," pointedly rejecting the idea of lecturing Middle Eastern governments about democracy or human rights. The same day, Trump unveiled the largest defense deal in US history — a $142-billion package. This binds Washington even closer to a regime accused of repeated human rights light of this, Trump's closeness with Crown Prince Mohammed bin Salman (MBS) is notable. Human rights groups and intelligence agencies have long linked the crown prince to brutal crackdowns and abuses, including the murder of Washington Post journalist Jamal Khashoggi — a killing the CIA concluded was personally ordered by MBS. Saudi Arabia has also continued to harass dissidents even on US soil. Furthermore, Saudi Arabia's regional position is also of significance. The kingdom is trying to emerge as a mediator in the Ukraine war and negotiating with Israel in exchange for concessions on Palestine. These contradictions would normally make a US president think twice before rewarding MBS with closer ties. Back in early 2024, five US businessmen with Serbian roots attended a reception at Trump's Mar-a-Lago resort in Florida. By early 2025, Serbian-American ties seemed poised for a fresh chapter. Rod Blagojevich, a longtime Trump ally and former Illinois governor, visited Serbian President Aleksandar Vučić in Belgrade and used the trip to publicly criticize Kosovo's Prime Minister Albin Kurti, accusing him of overseeing what he called "ethnic cleansing" against Serbs living in Kosovo. That rhetoric carried deep echoes of the region's painful past. In 1999, the United States and NATO bombed Serbia to force its military out of Kosovo in order to stop the violent expulsion of ethnic Albanians. Then, a few weeks into Trump's second term, a $500 million real estate project in Belgrade was back in the news. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Led by Jared Kushner's Miami-based firm Affinity Partners, the plan means building a luxury hotel and apartment complex on the site of the former Yugoslav Ministry of Defense — a landmark heavily bombed during the NATO air campaign. Trump himself had shown interest in developing the property as far back as 2014, even though local critics saw the replacement of a war memorial with a luxury tower as deeply disrespectful. By May 2025, the obstacles to that plan had been cleared. Under the agreement, the project will feature a 175-room hotel, more than 1,500 luxury apartments, and a new memorial to victims of the NATO bombing. As President Donald Trump prepared for a July 2025 visit to Vietnam, his family business was moving quickly in the country as well. In late May, the Trump Organization announced a partnership with a subsidiary of Vietnam-listed Kinh Bac City Development Holding Corp. to develop a $1.5-billion golf course, resort, and residential estate in Hung Yen province, just south of Hanoi. Unveiling the project, Eric Trump praised Vietnam as "one of the most dynamic and promising markets in the world today." The timing of the deal was striking, coming just as the US and Vietnam were hammering out the details of a high-stakes trade agreement. That trade deal was crucial for Vietnam. At the time, the government was facing threats from Trump of a punishing 46% tariff on Vietnamese goods. In the end, negotiators settled on a 20% tariff. Against this backdrop, the Trump Organization's massive resort deal raises serious concerns about conflicts of interest. Eric Trump put it bluntly last October: His family, he argued, had not received sufficient credit for actually pulling back during the first Trump administration. But a congressional probe released last January showed that Trump-owned businesses received at least $7.8 million from 20 foreign governments during his first term, including the governments of China, Saudi Arabia, United Arab Emirates, Qatar, Kuwait, and Malaysia. Some independent watchdogs have estimated that the real figures were even higher. Now, with the second-term green light, the Trump Organization is pushing full throttle. Its international expansions, Trump's presidential visits, and personal entanglements continue to blur the line between presidential power and private gain.
Zawya
03-07-2025
- Business
- Zawya
Snoonu to launch innovation district at Lusail
Doha, Qatar: Snoonu has officially signed the contract for its new headquarters at Lusail Boulevard, spanning 8,429 sqm, in collaboration with Qatari Diar Real Estate Investment Company. The newly designated Snoonu Innovation District will serve as more than a corporate office; it will become a hub for technological advancement, talent development, and cross-sector collaboration. Designed to reflect Snoonu's dynamic identity, the district will bring together high-performing teams in an environment that inspires creativity and excellence. Located in Lusail Boulevard, the new headquarters benefits from its prime position in Qatar's visionary smart city, seamlessly connected to Doha. The district is designed to foster innovation with state-of-the-art infrastructure, making it an ideal environment for Snoonu to thrive and contribute to Qatar's technological ecosystem. 'The new headquarters represents our commitment to building a future-ready Qatar,' said Snoonu CEO and founder Hamad Al-Hajri, 'We are creating a space that fosters innovation, attracts global talent, and contributes to the country's transformation into a regional and international technology hub.' Designed to grow alongside Snoonu's expanding operations, the new headquarters aligns with Qatar National Vision 2030, particularly in advancing economic diversification and knowledge-based industries. The 8,429sqm space will be tailored to support scalable innovation, agile product development, and integrated teamwork. Chief Development and Asset Management Officer – Qatar at Qatari Diar Real Estate Investment Company Eng. Fahad Abdullatif Al Jahrami, commented: 'We are proud to welcome Snoonu to Lusail, as part of our ongoing efforts to attract leading national companies and support a progressive business environment in Qatar. This initiative contributes to the country's pursuit of a diversified, sustainable economy built on knowledge and innovation, reinforcing Qatar's position as a regional hub for technology and entrepreneurship.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
10-06-2025
- Business
- Qatar Tribune
Simaisma Beach closed for five years for development of tourism project
DOHA: The family-friendly Simaisma Beach will be closed starting today (June 10) for a period of five years to allow for the development of the massive Simaisma tourism project, being implemented by Qatari Diar, Arabic portal Al Sharq reported. Located 40km north of the capital, the project is one of Qatar's most prominent future tourism projects. It aims to introduce a new concept of tourism and entertainment, providing an exceptional experience for visitors and residents throughout the year. The project spans an area of approximately 8 million square meters, covering a 7-kilometer coastal strip on the picturesque eastern coast. The project is set to combine coastal nature with modern technologies, most notably an innovative outdoor cooling system that allows for outdoor enjoyment throughout the year. The project includes 16 diverse tourist areas ready for development, including a group of resorts designed within four main areas, each distinguished by its own unique architectural style and identity.
NDTV
09-06-2025
- Business
- NDTV
London's Newest Luxury Hotel Was Once The US Embassy. A Night In Its Penthouse Costs Rs 28 Lakh
Quick Read Summary is AI generated, newsroom reviewed. London's newest luxury hotel is The Chancery Rosewood. The building served as the US Embassy from 1960 until 2017 before the Embassy moved to Nine Elms. Qatari Diar converted the building into the Chancery Rosewood, a luxury hotel opening this September. When Finnish-American modernist architect Eero Saarinen won a design competition to create a new Chancery for London, little did he know that it would one day be turned into a lavish luxury hotel in the heart of the city. When Saarinen won the competition, the brief was simple: "a building to house all the major sections of the Embassy under one roof in a style to blend with existing architecture of Grosvenor Square". So, the architect got to work. The result was a building that could provide working space for 750 people, with 600 rooms on nine floors, out of which three were under the ground. A Fortified Embassy From 1960 to 2017, the Chancery at Grosvenor Square served as the US Embassy in London. In 2018, it moved to a new building in Nine Elms. The Chancery, one of the most fortified and secure buildings in London, is now gearing up to welcome guests from all over the world. The coldness of the former Embassy building is now being warmed with cascading chandeliers, suites that scream luxury, and penthouses that would set you back by about 20,000 pounds a night. The former US Embassy will be the Rosewood's newest hotel in the world, come September. A Qatar Company At The Helm The Chancery Rosewood is expected to host guests from September 1 this year. Converting a former embassy, that too one as secure as America's, was a gargantuan challenge for a Qatari real-estate company. It was an engineering test as well. But trust the Qataris to do it all and do it well. So, Qatari Diar, the real-estate company backed by Qatar's sovereign wealth fund, turned it around. Qatari Diar got Rosewood Hotels in in to do the deed. The Hong Kong-conglomerate owned luxury hotel chain retained the Chancery's American elements while giving the building a modern makeover fit for millionaires from the Middle East. The Eagle Of 'Little America' What stays intact is a gilded aluminium eagle atop the building. The eagle, with its 35-foot wingspan, was created by Polish-American sculptor and painter Theodore Roszak. Statues of former US Presidents Dwight Eisenhower and Ronald Reagan that once graced the square, have been reinstalled. The square itself is popularly known as 'Little America'. While the architectural restoration was done by British architect Sir David Chipperfield, the Chancery Rosewood's suites and communal spaces were designed by French interiors architect Joseph Dirand. The hotel will have eight restaurants and bars once open, including New York's famous Carbone and an Asian concept restaurant. A subterranean wellness facility with a 25-metre-long swimming pool, on one of its three underground floors, is also part of the hotel's highlights. All Suites And Penthouses The Rosewood will be an all-suite property. Its suites come in four categories: Junior Suites, Suites, Signature Suites, and Houses. Charles House and Elizabeth House, named after the English monarchs, are the biggest penthouses at the Rosewood. A night at one of the penthouses at The Chancery Rosewood start at 17,000 pounds or Rs 20 lakh, and go up to 24,000 pounds or Rs 28 lakh, subject to change. The lowest rate at the hotel is a junior suite. You'll need to shell out 1,520 pounds or Rs 1.76 lakh a night.
