Sak Holding, HE Sheikh Khalid bin Suhaim sign deal to develop Usoul Al Mansoura Compound

Under the patronage and presence of His Excellency Sheikh Thani bin Abdullah Al Thani, Chairman of Sak Holding Group, the Group announced the signing of a new partnership agreement with His Excellency Sheikh Khalid bin Suhaim Hamad Abdullah Al Thani to develop a premium real estate project in the Al Mansoura area of Doha, named "Usoul Al Mansoura Compound."

This partnership aligns with Sak Holding Group’s efforts to enhance Qatar’s real estate sector through its innovative real estate partnership model, "Sharekna." The model aims to enable vacant landowners to transform their properties into income-generating real estate projects through smart investment solutions that ensure maximum returns with minimal costs and risks.

The "Usoul Al Mansoura Compound" project is a practical embodiment of the success of the "Sharekna" model. The project will be developed on a total area of approximately 8,000 square meters, featuring two residential towers with a structure of (3 basement floors + ground floor + 9 typical floors). Additionally, a fully integrated clubhouse will be constructed with (ground floor + first floor), creating a modern residential environment that combines comfort and luxury.

The project will offer 500 residential units with diverse sizes and designs, including studios, one-bedroom, two-bedroom, and three-bedroom apartments, catering to various housing needs. The total built-up area of the project is 62,218 square meters, making it a valuable addition to Doha’s real estate landscape.

Commenting on this strategic partnership, His Excellency Sheikh Thani bin Abdullah Al Thani emphasized that the agreement reflects Sak Holding Group's commitment to providing innovative real estate solutions that contribute to sustainable development in Qatar’s real estate sector. He added:

"We are committed to developing high-quality projects that meet market demands and provide attractive investment opportunities for both landowners and investors. The 'Usoul Al Mansoura Compound' project embodies our vision of achieving a balance between quality, sustainability, and outstanding investment returns."

His Excellency Sheikh Khalid bin Suhaim Al Thani expressed his pride in this partnership with Sak Holding Group, highlighting that the "Osoul Al Mansoura Compound" is a successful model of effective partnerships that add value to the real estate sector.

He stated: "This project marks a significant step in developing modern residential communities that align with the aspirations of Qatar’s real estate market. We look forward to seeing this development enhance the quality of life in Al Mansoura by offering an integrated residential environment that meets the needs of families and individuals seeking excellence."

In a related context, Eng. Hisham Al Sahtari, CEO of Sak Holding Group, emphasized that "Sharekna" is a smart investment solution for landowners looking to maximize the potential of their assets without the need for costly traditional investments.

"Signing this new partnership with His Excellency Sheikh Khalid bin Suhaim Al Thani marks another step toward strengthening the role of the 'Sharekna' model in developing high-quality real estate projects in Qatar. We take pride in continuing to offer innovative investment solutions that enable landowners to maximize the potential of their properties through partnerships that generate the highest returns while minimizing risks and operational costs.", he stated.

Eng. Hisham Al Sahtari added that the new project in Al Mansoura reflects Sak Holding Group's vision of delivering real estate projects that meet the growing market demands. He highlighted the strategic importance of the location in the heart of Doha, making it an ideal choice for modern housing. He also noted that this project extends the successful track record of 'Sharekna,' which has led to the development of several landmark real estate projects, such as "Wyndham West Bay Beach Resort Tower" in the Diplomatic Area, "Wyndham Tower" in West Bay, and major residential and commercial complexes that have attracted significant interest from both investors and tenants.

Thanks to its prime location in Al Mansoura, the "Usoul Al Mansoura Compound" will offer a comprehensive residential experience, catering to those seeking a contemporary lifestyle that blends luxury with convenience and easy access to key facilities and services in the capital. The project will feature modern architectural designs that reflect global construction trends while adhering to the highest standards of quality and sustainability.

Eng. Hisham Al Sahtari explained that one of the key advantages of the planned compound is its strategic location in Al Mansoura, an area that holds a significant benefit—it is one of the zones where usufruct rights are permitted under Qatari law. This opens the door for non-Qatari investors to take advantage of long-term ownership opportunities under facilitated conditions. This feature enhances the project’s attractiveness, drawing a broad segment of investors interested in owning residential or investment units in a prime location at the heart of Doha. Ultimately, this boosts the long-term investment value of "Usoul Al Mansoura Towers."

"Sharekna" – The Future of Smart Real Estate Investment.

The "Sharekna" model is one of the most prominent real estate solutions offered by Sak Holding Group, providing diverse investment options tailored to the needs of different landowners. Through the "Classic Partnership" model, landowners can develop their projects without the need for direct financing, as the group covers the costs in exchange for a share of the returns. Meanwhile, the "Smart Partnership" model enables investors to develop large-scale projects without requiring loans.

Eng. Hisham Al Sahtari emphasized that this investment model has significantly contributed to the development of Qatar’s real estate sector by successfully reducing construction costs, providing flexible financing solutions, and implementing professional project management to ensure the highest returns. He added:

"We see ‘Sharekna’ not just as a real estate partnership model but as a comprehensive system designed to strike a balance between optimal investment and sustainable development, in alignment with Qatar National Vision 2030."

Concluding his remarks, Al Sahtari expressed his eagerness to see the project come to life, stating:

"We are very excited to launch ‘Usoul Al Mansoura Compound’ and look forward to it becoming a high-value addition to our portfolio of successful projects in the Qatari market. This partnership reaffirms our continued commitment to developing innovative projects that reflect the aspirations of both investors and residents alike."

Highlights from "Sharekna’s" Key Achievements

Wyndham West Bay Beach Resort Tower

Located in the heart of the Diplomatic Area, "Wyndham West Bay Beach Resort Tower" is a distinguished addition to Sak Holding Group's portfolio, embodying the concept of successful real estate partnerships under the "Sharekna" model. The tower features a sophisticated architectural design that complements its prime location overlooking the Doha Corniche and the Arabian Gulf, making it an ideal destination for guests seeking a luxurious stay in Qatar.

Rising 35 floors, the tower comprises 200 hotel rooms and 78 hotel apartments, offering a comprehensive range of premium facilities and services. The three basement levels are dedicated to parking and operational services, while the ground floor features the hotel entrance, an elegant reception area, retail outlets, a restaurant, a café, and additional services.

The mezzanine and first floors provide dedicated spaces for meeting rooms, offices, fine dining restaurants, and a multi-purpose hall. Additionally, the second floor houses a state-of-the-art health and fitness club, an outdoor swimming pool, and fully equipped recreational facilities, ensuring an unparalleled guest experience and a memorable stay.

Wyndham West Bay Tower

The Wyndham West Bay Tower is an architectural and engineering masterpiece, strategically located in West Bay, behind The Gate Mall. The 38-story tower is a real estate partnership project that reflects a modern vision for the series of landmark towers that define this prestigious district in Doha.

The Wyndham West Bay Tower aligns with the integrated and upscale vision shaping this unique part of West Bay, which holds a special appeal for a diverse range of visitors to Qatar. Beyond its striking architectural design, the tower benefits from a prime location that provides it with a competitive edge in the hospitality industry.

The Curve Tower

The Curve Tower in Doha stands as one of the most prominent luxury hospitality landmarks in the Corniche area. Rising 30 floors, it features 600 hotel apartments designed in a modern style, offering comfort and luxury to guests. The tower enjoys a strategic location, just a short distance from key attractions such as Katara, making it an ideal accommodation choice for both business and leisure travelers.

The tower boasts breathtaking views of Doha Bay and offers a range of premium facilities, including indoor and outdoor swimming pools, a fitness center, a spa, and a fine-dining restaurant with a direct sea view, delivering a unique culinary experience.

Additionally, the tower provides 373 parking spaces to serve guests and residents.

Al Kuwari Tower

Al Kuwari Tower is one of Doha’s distinguished hospitality projects, combining modern design with high-end services, making it a premier destination for luxury stays. The project spans an area of 794 square meters, with a total built-up area of 8,349 square meters. The structure comprises three basement floors, a ground floor, a mezzanine level, 10 typical floors, and a penthouse level.

The tower features 68 hotel units, including 49 hotel rooms and 19 suites. It also houses a high-end restaurant with an outdoor terrace, a multi-purpose hall, administrative offices, and a business center. In addition, the tower offers fully integrated leisure facilities, including a gym, spa, and a penthouse-level swimming pool, further enhancing its luxurious ambiance that blends comfort with sophistication.

Al Khayareen Tower

Al Khayareen Tower is a high-end modern tower consisting of 14 floors, representing another successful real estate partnership project. The tower is distinguished by its sophisticated architectural design, efficiency, and high-quality finishes, all of which reflect the premium benefits enjoyed by Sak Partnerships' collaborators. The project embodies over 55 years of real estate expertise, ensuring excellence in execution.

Al Wakra Hotel

Al Wakra Hotel is a serviced apartment project, featuring a basement, ground floor, mezzanine, three upper floors, and a penthouse, with a total of 40 hotel apartments. The project includes 26 parking spaces, along with restaurants, a gym, a swimming pool, and a game lounge, offering a fully integrated hospitality experience.

Al Rayyan Tower

Al Rayyan Tower is an ideal business destination in Doha, offering a modern workspace that seamlessly combines contemporary design with advanced amenities. The tower comprises 30 office spaces of varying sizes, catering to the needs of companies and institutions while adhering to the highest standards of quality and comfort.

With its strategic location, the tower provides easy access to major commercial and service hubs in the city. It also offers comprehensive facilities, including parking, meeting rooms, and shared workspaces, making it a preferred choice for businesses seeking a professional work environment.

The tower features administrative offices and consists of three basement floors, a ground floor, and seven additional floors.

Danat Al Sadd Tower

Danat Al Sadd Tower is a five-story hotel project that includes 165 diverse hotel units, among which 20 are luxury suites. The tower also features three restaurants and kitchens covering a total area of 1,215 square meters, a fully equipped gym with a sauna and steam room spanning 270 square meters, as well as a game and entertainment lounge, a swimming pool, and other essential amenities designed to provide guests with a premium hospitality experience.

The main entrance of the hotel boasts large glass facades and a spacious lobby connected to a 400-square-meter lounge area.

Additionally, Dana Al Sadd includes two mezzanine levels, 500 square meters of office space, and an indoor seating area with a landscaped garden covering approximately 100 square meters. The tower also offers two basement levels for parking, accommodating up to 117 vehicles.

Al Thumama Villas Compound

The Al Thumama Villas Compound is a premium residential development featuring six spacious, elegantly designed villas, complemented by a range of high-end services. This project stands as a practical demonstration of 'Sharekna’s' capability to deliver profitable residential communities efficiently, ensuring strong financial returns in a short timeframe and with optimized costs.

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