DOHA: Chestertons, the international property agency, will be unveiling QR8.7bn ‘Royal Wharf’ project, a series of luxury mixed-use developments by Oxley and Ballymore for Qatari investors.
Royal Wharf will create a new town centre complete with 3,385 riverside properties, providing homes for approximately 10,000 residents in London.
The exhibition in Doha will be held at Studio One conference room, W Doha Hotel & Residences, West Bay from November 13 to November 15. Prices for these properties will start from QR1.5m. The project is located close to the Emirates Air Line, London’s only cross-river cable car.
“London is a key hub for Qatar based property investors. It is a versatile global capital as it offers the best prospects for the investors in terms future growth…. Favourable conditions and an upbeat market anticipates growth in the property sales sector in London and this certainly is an ideal time to invest in London properties,” said Samuel Warren, Director of International Residential Developments, Chesterton Humberts.
The ‘Royal Wharf’ project will include two new parks and three pocket parks, a high street with nearly 5,000 sqm of shops, bars and restaurants and significant new community infrastructure including a school. This residential centrepiece of the transformation of the Royal Docks in East London launched its second phase on October 24.
Oxley Chief Executive Ching Chiat Kwong said, “The sell-out response to the units launched in the first phase is testament to the strong value proposition that we are offering, and we expect to see a significant level of interest for phase two as well.”
With nearly 3,500 new homes, Royal Wharf is the largest development in London to come forward since the launch of Battersea Power Station and unlike some developments in the capital, provides achievable housing options for Londoners. The first residents will begin to move into Royal Wharf in mid-2016, just two years after work commenced and in an unprecedented pace of development for London, the whole development will be completed by 2020.
John Mulryan, UK Managing Director of Ballymore, added “Phase two offers a unique opportunity to buy into an area of the capital that is set to drastically change and evolve in the coming years.”
The Peninsula
