Dar Al Arkan Global, a leading real estate company in Saudi Arabia, has officially launched the sales of Les Vagues residences by Elie Saab in Qatar, in collaboration with Qetaifan Projects, a leading Qatari real estate development company fully owned by Katara Hospitality.

Valued at QR1 billion ($274 million), the project located at Qetaifan Island North, sets new standards of luxury living in Doha with an architectural design that enhances the appeal of seafront living, said Dar Al Arkan Global.

The premium residential project includes one-, two-, and three-bedroom apartments with terraces offering views of Doha marina and the city skyline.

Spread over a 1.3 million sq km area, Qetaifan Island North is specially designed to be Qatar’s future iconic entertainment and luxury destination.

“The distinct island will feature a thrilling waterpark, a luxurious hotel, unrivalled accommodation, exceptional retail options, and world-class facilities that make it a vibrant and attractive community,” said Sheikh Nasser bin Abdulrahman Al Thani, Managing Director and Chairman of Qetaifan Projects.

“With the sales launch of Les Vagues residences, as one of the most premium residential projects on the Island, we anticipate a strong positive response from the local community and international investors, further solidifying Qatar’s position as a global investment,” he added.

Dar Al Arkan CEO Ziad El Chaar pointed out that the company was marking its entry into Qatar with its exceptional residential development in Doha.