The sustainable mixed-use project known as Lusail City is on Al Daayen's southern coast. The project, disclosed in 2004, exemplifies the spirit and aspirations of the Qatar National Vision 2030. It aims to be Qatar's "City of the Future" and a long-lasting legacy. It is planned that 450,000 people, including over 80,000 visitors, will live there. Additionally, it strives to provide future generations with economic and financial opportunities. The city of Lusail comprises 19 integrated districts and spans 38 square kilometers. Each district has basic civic facilities to make it easier for everyone to get around and reduce travel distances to encourage community living.
Main Development of Real Estate in Lusail
Two major districts are Marina District, Lusail City's downtown, and Energy City Qatar, the first comprehensive oil and gas hub. The main development is the marinas, 25,000 residential buildings, a business square with a 20-story mixed-use tower, and two piazzas.
Additional district facilities include recreational facilities and bicycle and pedestrian routes connected to the Lusail Light Rail Transit (LRT)11. The Lusail Stadium, which was built in preparation for the 2022 World Cup and has a capacity of more than 80,000 seats, is one of the city's most significant developments.
Energy Efficient Planning
The project incorporates smart city principles by establishing a central control system connected to various city services, including surveillance. Besides, it aligns with national sustainability standards, such as the Global Sustainability Assessment System (GSAS), which evaluates all buildings regarding sustainability and performance.
Building infrastructure uses underground networks to control building temperatures and reduce reliance on other cooling systems. In addition, landscaping and open public spaces take up 17% of the total land area, improving the quality of the built environment.
Recycled greywater is used in the irrigation system for the city's green spaces, and the sewer system is designed to send all waste to treatment facilities outside the city.
Main Development Projects
- Place Vendôme Mall
- Lusail Stadium
- Al Maha Stand
- Doha Festival City
- City Avenue Mall
- La Croisette
- Medina Centrale
- Villaggio Mall
The Reasons to Invest in Real Estate in Lusail
Master planning on a strategic location
The city has detailed master planning and urban development design to reflect the high-class lifestyle of the future. It is divided into different districts, each with unique features. There, you find residential neighborhoods, commercial hubs, and entertainment areas with a balanced layout and sustainable living environment.
The city's green spaces, smart infrastructure, and sustainable environment attract eco-conscious investors. It is situated north of Doha, providing easy access to the capital. The location is well connected with major highways and public transport, including Lusail light rail transit that connects it to Doha and the Hamad International Airport. This strategic location also increases its value, making it an ideal destination for real estate investment.
Modern Infrastructure And Amenities
The city provides a contemporary-style layout, modern infrastructure, and the best amenities. You will find a high standard of living here, with an advanced telecommunications network and public services. Infrastructure development is composed of energy-efficient solutions that utilize renewable energy resources.
Besides sustainable properties, the city offers world-class amenities, including the best schools and healthcare centers, hospitals, shopping malls, and venues for recreational activities. It also has green spaces and beautiful parks, gardens, and playgrounds, which collectively attract people to become residents.
Dynamic Real Estate Market
The real estate market is progressing because of the increasing demand for residential and commercial properties in the area. More and more foreign investment and development projects are increasing the value of this place. This tendency is raising the prices and values of the properties, which is ideal for potential investors.
The government supports incentives and provides strength by starting different development projects in the city. These projects are the best sources of long-term investment for property owners and foreign ownership regulations. The real estate offers luxurious villas, high-end apartments, luxury commercial spaces, and retail outlets for rent and sale. You can invest in any property that suits your budget and objectives best.
Sustainability And Smart City Initiatives
The best thing that attracts investors for futuristic purposes is the sustainable infrastructure of this city. Sustainability is the main principle of all the city's development projects. The builders and developers are using advanced technology to improve the quality of life for its residents. They are developing small traffic management systems, integrated waste management solutions, energy-efficient buildings, and smart buildings.
This sustainability aligns with international standards, making this part of a forward-thinking community. This scenario sets its standard for living by focusing on innovation and sustainability. Green communities, eco-friendly apartments, and smart home technologies are among the modern home features. It is the best place for living and investing in long-term commitments.
Future Growth Potential
Lusail City has been designed as a contemporary and aspiring society. The efficient, serene, and inspiring environment combines artistic design elements with practical and flexible services to meet the demands of residents and tourists.
The City covers 38 square kilometers and consists of four unique islands and 23 multipurpose residential, mixed-use, leisure, and commercial districts. It is a large arena that includes leisure locations. More development in construction projects and residential apartment building projects in the city must be done, igniting future growth potential.
Luxury Lifestyle
These initiatives support Qatar National Vision 2030, which aims to diversify the economy through sustainable development. The place provides a luxury lifestyle with beautiful entertainment options. Many waterfront promenades and marinas are located there. World-class luxury hotels and resorts also attract visitors, a positive sign for investors and homebuyers to consider it a premium lifestyle destination.
These things also attract tourists, thus adding value to vacation rentals and hotel apartments. This situation excites investors to invest in properties that provide continuous rental income and property appreciation over time.
Qatar's 2030 National Vision
The Qatar National Vision 2030 declares the development of Lusail's vision: "Qatar aspires to invest in its human capital, nurturing the capacities of its citizens to develop and improve their ability to build and maintain a prosperous society." To establish a just and secure society based on upholding human values and social welfare, it strongly emphasizes the necessity of ongoing social development.
It wants to keep its economic standards the same or raise them to keep its national economy strong, stay competitive, and meet the needs of its people. It intends to encourage investment in environmental development to balance economic expansion and environmental awareness and protection. In addition, the country is encouraging the private sector to actively participate in the state's economic growth in all areas, including the tourism and entertainment sectors.
Why Invest in New Projects in Lusail
Investing in new projects offers many benefits:
Lower Entry Costs:
Prices are usually lower during the early phases, allowing investors to purchase at a discount before values rise as the project progresses.
Higher Returns:
Early investment leads to greater appreciation, maximizing potential returns as the project nears completion.
Customization Opportunities:
Investors may be able to influence design and layout choices and building properties to specific needs or priorities.
Incentives and Discounts:
Developers provide attractive incentives to early investors, such as flexible payment plans or discounts.
Market Demand:
Investing in new, in-demand areas or developments positions investors to benefit from future growth and increased demand.
Conclusion
It is the best place in Qatar to invest in real estate. Buying a property in Lusail is a promising venture with long-term investment benefits. With advanced urban planning and development, the high-end infrastructure and luxury properties attract more residents and investors. The city's sustainable development projects encourage and promote foreign investment and property ownership.
Lusail will become a thriving commercial hub for corporations by providing advanced infrastructure. The properties in Lusail have the best potential for a higher return on investment, making it an ideal time to invest. Visit the Saakin Qatar property listing site to find the best properties for sale and featured properties for investment in prime locations.
FAQs
Name some of the main projects in Lusail City.
- Lusail Iconic Stadium
- Marina District
- Qetaifan Islands
- Fox Hills
- Energy City
- Seef Lusail
- Entertainment City
- Place Vendôme
Where can I find properties for investment in Lusail?
You can find properties for investment in Lusail on the Saakin Qatar property searching website.
What are some of the latest construction projects in Lusail?
- Place Vendôme
- Lusail Plaza Tower
- The Seef
- Al Maha Island
- Crescent Tower
- Katara Towers
Read More: Why Invest In Qatar Real Estate?