Alfardan Properties details $275m Qatar investment programme

Doha, Qatar - Alfardan Properties is pursuing an expansion plan in Qatar backed by investments of approximately $275 million (QAR 1 billion), among them Alfardan Business District in Lusail City, which it expects to complete in the fourth quarter of 2027.

The developer set out the figures as it restated its commitment to investing in the country, a stance it said rests on continued confidence in the national economy and its long-term growth prospects.

The company said its developments and steady investment add to the growth of Qatar’s real estate sector in line with Qatar National Vision 2030.

Mohamed Sleiman, who runs both Alfardan Properties and Alfardan Hospitality, made the case on 27 October at the Qatar Real Estate Forum, now in its fourth edition and run in partnership with Cityscape, at the Doha Exhibition and Convention Centre (DECC).

He sat on a panel titled “Private Capital, National Vision: How Qatar’s Developers and Investors Are Diversifying the Economy”. There he spoke about the role private companies play in widening the economy beyond its traditional base, and about the need for continued spending on residential, commercial and hospitality projects to strengthen Qatar’s standing as a place to invest, do business and live for the long term.

Mohamed Sleiman, Chief Executive Officer of Alfardan Properties and Alfardan Hospitality, said: “Under its wise leadership, Qatar has consistently demonstrated the strength and resilience of its economy in navigating challenges.”

“We continued investing throughout the coronavirus (Covid-19) pandemic and amid recent regional developments, guided by our belief that challenges create new opportunities for growth and our unwavering confidence in the country’s future and economic potential,” he added.

In Lusail, the business district takes in Burj Alfardan Tower B, now under development next to the existing Burj Alfardan Tower A. According to the company, the new tower answers rising demand for premium office and commercial space, supports the changing needs of businesses in Qatar and is meant to draw more corporate investment.

On the housing side, Alfardan Properties said it keeps bringing in new ownership models aimed at opening up property investment in Qatar to more buyers.

One of the most recent is a 17-year lease-to-own programme at The Residences at The St Regis Marsa Arabia Island, The Pearl Qatar. Its flexible payment terms let residents move from renting to owning, which the company said is particularly relevant given limited financing options.

The developer said the scheme also points to the international pull of Qatar’s luxury housing market, where the residences already have an established community of owners from around the world, Bollywood star Saif Ali Khan among them.

Sleiman pointed to a growing wish among families living in Qatar to own their homes instead of renting for years. He described the lease-to-own programme as a practical way past the usual barriers to ownership, giving residents a chance to invest in their future and put down lasting roots in the country.

A similar offer applies at Kempinski Residences & Suites, Doha, where current tenants can buy the units they already live in. The company said this reflects its aim of offering property products that respond to shifting market needs and what customers want.

Alfardan Properties is also paying to renovate and modernise two of its best-known assets, Kempinski Residences & Suites, Doha and Marsa Malaz Kempinski, The Pearl – Doha. It said the work will improve the facilities and services at both properties and raise their long-term value within its residential and hospitality portfolio.

Sleiman said Alfardan’s ambitions reach past conventional property development: the aim is to be a luxury lifestyle provider combining high-end real estate, hospitality and lifestyle offerings.

Links between the group’s various businesses make its projects more attractive to local and international investors, the company said, while adding to wider economic activity and creating direct and indirect jobs in several industries.

Closing his remarks with Qatar’s strengths as a base for sustainable investment and long-term growth, Sleiman said: “Qatar’s appeal extends far beyond the investment opportunities offered by its real estate sector.”

“The country provides a comprehensive ecosystem that makes it an exceptional destination to live, work, and invest, from world-class educational institutions and major international events to an outstanding quality of life and attractive property ownership and residency incentives for foreign investors,” he added. “Qatar offers a stable and promising environment for sustainable growth, and we remain committed to investing in and contributing to its future.”

The forum opened on the same day as Cityscape Qatar 2026, which closes at DECC on 29 October.