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Qatar’s Taameer Group has announced the signing of a new acquisition agreement with Qetaifan Projects, a developer of the northern island of Qetaifan, which will acquire an additional group of land on the high-rise southern side to develop real estate projects worth more than QAR 1.4 billion, in a move that enhances the group’s investment presence on the island and confirms its confidence in the future of the Qatari real estate market and its growth opportunities.
The agreement is an extension of the strategic cooperation between the two sides, which witnessed the acquisition of a group of lands by Taameer Group to develop an integrated destination called Canal by District, where the group began development work and launched a number of its residential, hotel and commercial projects, according to Al-Sharq Qatar.
The company acquires a group of land in the southern region to develop real estate projects worth more than 1.4 billion riyals
New five-star hotel project
The destination also includes Canal Walk, a 580-meter-long western waterfront walkway (Jableh) that combines hiking, shopping, restaurants, cafes and leisure facilities, along with the Canal Residence project, the Carlton House project, which includes a hotel and hotel apartments, and apartments with a distinctive hotel brand.
The Group is preparing to unveil a new five-star hotel project, with a prestigious international hotel brand, as part of its drive to attract international brands, and to strengthen the status of Canal by District as a destination that combines high-end housing, hospitality, shopping and entertainment. Taameer Group intends to reveal the details of its new projects to be developed on the acquired land in the coming days, ahead of the launch of the fourth edition of the Qatar Real Estate Forum - Cityscape Qatar 2026, as part of its plan to provide new housing and investment opportunities for the market.
A new phase in the expansion of "reconstruction"
Sheikh Nasser bin Abdulrahman Al-Thani, Chairman and Managing Director of Qutaifan Ventures, said: “Our extensive cooperation with Taameer Group and its expansion of its investments on the northern island of Qetaifan reflect the growing confidence of investors on the island in particular, and its promising growth potential and opportunities.
He added: “These investments are not limited to the real estate sector, but also extend to the tourism, hospitality and entertainment sectors, which enhances the attractiveness of the island and supports the growth of the local real estate market. This cooperation serves our vision at Qutaifan Enterprises to develop integrated and sustainable destinations that combine housing, hospitality, entertainment and investment, and contribute to supporting the development of the State of Qatar.”
The destination includes Canal Walk, a 580-metre-long walkway on the western waterfront (Jableh)
For his part, Mr. Mohammed Hussein Al-Ali, Chairman and CEO of Taameer Group, said: “This acquisition represents a new stage in the expansion of Taameer Group on the northern island of Qatifan, and confirms our confidence in its future and promising investment components. We are proud of our partnership with Qutaifan Projects, which has resulted in the start-up of the development of Canal by District, and the launch of quality projects within an integrated destination that reflects our vision for modern real estate development.
“We are focused on developing integrated destinations with sustainable value, combining design quality with strategic locations, and attracting global brands. Our new acquisition of more than QR 1.4 billion is an extension of this vision, and we look forward to unveiling its details ahead of the launch of the fourth edition of the Qatar Real Estate Forum – Cityscape Qatar – as part of our plans to continue to grow and enhance the Group’s presence in the Qatari real estate market.
An investment vision that goes beyond individual projects
The new acquisition is part of Taameer Group’s strategy to expand its real estate portfolio and develop multi-use destinations, in parallel with the growth of its business in the regional and international markets. Through its existing and new projects on the northern island of Qetaifan, the Group continues to strengthen its presence in the real estate development sector by offering projects that combine quality of life, high-end hospitality and long-term investment value, in line with its vision: building the future of today’s world.
It is worth mentioning that the agreement was signed in the presence of Sheikh Nasser bin Abdulrahman Al-Thani, Chairman of the Board of Directors and Managing Director of Qatifan Enterprises, and Mr. Mohammed Hussein Al-Ali, Chairman and CEO of Taameer Group, in an affirmation of the continuation of cooperation between the two sides to develop quality projects that contribute to enhancing the real estate diversity and investment attractiveness of the northern island of Qetaifan.
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