Friday, April 16, 2010

The Pearl-Qatar


   Similar to other wealthy Gulf countries, Qatar's recent real estate development boom has produced its own share of iconic architecture and magnificent master planning. While here in Qatar, I have had numerous work experiences relating to two of Qatar's most famous projects; i.e. -- Lusail City and the Pearl. The Pearl-Qatar is an artificial island spanning nearly four million square meters. Once fully developed,  this project  will create over 32 kilometers of new coastline, over 15,000 dwellings plus new retail, office, and  hospitality offerings.

Occasionally, Susan and I visit The Pearl to see construction progress and enjoy leisurely strolls through the marinas, shops, and boutiques; including a visit to nearly completed Porto Arabia; -- self proclaimed as the "epitome of Riviera Arabia living" and home to The Pearl's main luxury yacht harbor. As evidenced by numerous vacant boat slips (see photo) and empty luxury car showrooms (Geoff's new Maserati...yeah right), we are still reminded that even Qatar is feeling the effects of the world wide recession. But I reckon that it is only a matter of time, then so too will money be flowing freely from the local Qataris.

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