Sabban Investments

Dubai is not the only place in the Middle East with high prospects and an exploding property market.

Because of all of the publicity surrounding places like Dubai, Abu Dhabi and probably the United Arab Emirates in general, the property markets in many of the other Middle Eastern countries tend to get overlooked on a rather frequent basis.

However, every now and then a story comes along that pushes through the media coverage of the hotspot property markets, and that story reminds investors of all of the great opportunities available in places around the Middle East other than the Emirate of Dubai.

Qatar is one of those places, and the Sabban Property Investments Company has spent the last few years proving just how hot the Qatar property market can be. Their previous two major projects, both of which were high-rise luxury towers, were received very well by foreign investors and the values of those investments have already shot through the roof as spill over from the UAE makes its way into countries like Qatar.

Now, Sabban Property Investments has just released their third luxury tower. This tower, called the Tuscan Tower, was put on sale earlier today with a total development place of QRI 1.2 billion, which is roughly equivalent to $330 million in US funds.

According to a spokesperson for Sabban, the tower is on schedule to be completed in July, which is why the offering went ahead as planned. The same spokesperson then went on to extol the virtues of the Qatari real estate market, citing that the property sector in the country was at an all-time high and the prospects for continued growth were starting to attract a large amount of international investment from all around the globe.

Tuscan will join Provencal and Floretine as the bulwark of the property holdings of Sabban, and if the third does as well as the first two, a lot more money will be injected into the property market of Qatar.

BOOKMARK THIS PAGE (What is this?)