Sabban Property Investments (SPI) has announced that ‘Tuscan’, the third tower of its luxury residential QR1.2 billion ($330 million)-development Sabban Towers has been released for sale.

The company move follows the tremendous investor response to its other two ‘Provencal’ and ‘Florentine’  - where over 80 per cent  has been sold, said a top company  official.

“Sabban is committed to the prompt delivery of the project by July 2008, which in addition to the fulfillment of the announced completion of project’s superstructure during the last quarter of 2007, reaffirms our commitment of delivering projects within the predetermined timeframe,” observed SPI managing director John Browne.

 “Tuscan is being released for sale at a time when the property market in Qatar is at an all-time high, with the country attracting interest of investors from across the globe, who have realised the true potential of Qatar’s property and real estate sector,” he added. 

Tuscan offers a total of 164 luxurious apartments ranging from one to five-bedroom penthouses including 24 one-bedroom, 78 two-bedroom, 56 three-bedroom, 2 four-bedroom and 4 duplex penthouses.

“Starting from QR10,500 per square meter, the third tower is expected to see an overwhelming response from regional and international investors, given the world-class facilities and amenities it will offer to residents.”

In line with Qatar’s intensified support for developers in building sustainable communities that support conservation of energy and water resources, the Sabban Towers will be the first carbon neutral development in the Middle East, a result of the carbon neutral program, which SPI is currently undertaking.

With a built-up area of 19,692 square meters, Sabban Towers is constructed on one podium, resulting in significant economies of scale and enabling the provision of top-notch facilities in the development.

Its ideal location on the Porto Arabia marina on The Pearl-Qatar provides occupants of its lavish apartments and penthouses a magnificent view of the marina and the sea.-TradeArabia News Service