Pearl Qatar – The World’s Most Luxurious Artificial Island
The Pearl-Qatar (TPQ) in Doha, Qatar, is an artificial island spanning nearly four million square metres. It is the first land in Qatar to be available for freehold ownership by foreign nationals. As of spring 2012, there are more than 5,000 residents ,compared to more than 3,000 residents in spring of 2011.
Once fully completed, The Pearl will create over 32 kilometers of new coastline, for use as a residential estate with an expected 15,000 dwellings and 45,000 residents by 2015. Developed by United Development Company and planned by architecture and design firm Callison, the island is located 350 metres offshore of Doha’s West Bay Lagoon area.
In 2004, when the project was first revealed, the initial cost of constructing the island stood at $2.5 billion. It is now believed the project will cost $15 billion upon completion.
The first phase of Pearl-Qatar is the 3.5-kilometer long marina-front pedestrian boardwalk known as ‘La Croisette,’ which will house international hospitality brands and boutiques. The Porto Arabia district is comprised of 31 apartment towers, 400 town homes, parking space for more than 6,000 and further space for retail stores that include a number of very famous outlets; Giorgio Armani, Roberto Cavalli and Hugo Boss. The project will also house a ‘Venice-akin community’ with a canal system, squares and plazas that are pedestrian friendly.
Another playground for the super riches.