Qatari Diar Real Estate Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Headquartered northeast of capital Doha on the coast of the Arabian Gulf, Qatari Diar was entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.
The company’s first project, Lusail City, was launched in December of that year and quickly went on to gain tremendous praise for its innovative approach to real estate. The progressive, self-contained city is the largest single development to be undertaken in the State of Qatar, and although it is currently under construction, Lusail already signifies Qatar’s progress on a grand scale, reflecting the vision and quality that have become synonymous to Qatari Diar. The Lusail Real Estate Development Company was established in September 2008 with a dedication to the development, construction and ongoing operations of the visionary Lusail City development.
In November 2009, Qatari Diar reached another significant milestone in its history with the establishment of the Qatar Railways Development Company. This company was created to bring Qatar’s vision for developing Qatar’s extensive national railway network, and the region’s first fully integrated railway system, to life.
Parallel to its significant infrastructure developments within Qatar, the company has been committed since its founding to bringing the Qatari Diar vision, one for real estate that improves quality of life and contributes to the community, onto the international stage. Today, Qatari Diar has established itself as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability.
As of January 2012, Qatari Diar is capitalised at US$4 billion and has more than 49 projects under development or planning in Qatar and in 29 countries around the world with a combined value of over US$35 billion.