Qatar-based United Developers said the work on its $1.25-billion leisure development - Place Vendôme - coming up on Lusail City is making significant progress and is due for completion by the third quarter of 2017.

With its hotel components and levels of retail space, Place Vendôme is anticipated to become the luxury, lifestyle and leisure destination for the region on completion, reported The Peninsula.

Enabling works were completed with the excavation of two million tonnes from the site, the installation of 5,300 foundation piles and the pouring of 250,000 cu m of concrete, said the report.

The 800,000-sq-m project, which broke ground in March 2014, features two five-star hotels, serviced apartments, up to 400 different retail outlets, a central entertainment component showcasing permanent attractions, technologically advanced installations and special events, it stated.

In addition, the retail portion of the development will boast an exclusive section dedicated to luxury featuring elite brands, the report added.