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Piling and foundations are reaching advanced stages

- October 21, 2006, 9:35 pm

The Land Investment and Property development, a leading real estate company based in the Gulf region with operations in Qatar, Jordan, Bahrain, and Saudi Arabia, held an Iftar party at the Four Seasons Hotel, on the 07 of October, with the attendance of representatives from banks, media, and investors.

Committed to the delivery deadline and time schedule The Land managed to accomplish the pilling and foundation phase of the first three towers, further more it started working on the first stories of these towers. In addition, the company finished the pilling works on the other three towers, while the phase of foundations still under process. Worth mentioning, the delivery date of the first three towers is March 2008, whereas the other three towers will be delivered in six months of the same year.

The Land Properties Development Company achieved a brilliant success regarding its sales which reached to 60% of the first two towers, with an increase of 10% in the prices, which the company expects they will increase by 40% in the next up coming two years.

“We’ve received an overwhelming response concerning marketing our two towers. Thanks to this success, The Land promises to give more achievements besides its surprises in regards to the third tower”, said Mr. Salam Said, the Managing Director of The Land Company.

Since the inception of The Pearl-Qatar project in April of this year, The Land is receiving a tremendous rush by the investors upon this gigantic endeavor, in line with the company’s announcement of reclaiming more than 20% of Porto Arabia’s land.

The Land conducted number of agreements with local banks such as Qatar National Bank, Commercial Bank and Doha Bank to offer mortgage loans and financial facilities with installments as low as a monthly rent.

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