United Developers showcases Place Vendôme Qatar in Europe
LONDON, December 14, 2015
United Developers, a visionary and ambitious Qatari real estate development company, has engaged with the leading brands in Europe to promote the Qatari retail market and its upcoming £814-million ($1.25 billion) mixed-use development Place Vendôme, currently under construction in Lusail, Qatar.
The development draws inspiration from the famous Parisian high-end shopping street, Rue de la Paix, of which Place Vendôme is the starting point, said a statement.
Slated to open in the third quarter of 2017, the 800,000-sq-m project will host two five-star luxury hotels, serviced apartments, a mall featuring up to 400 different retail outlets and a central entertainment amphitheater.
Place Vendôme is set to bring a unique experience of fine fashion, luxury, lifestyle and architecture to the Middle East region.
Sean Kelly, project director of Place Vendôme, said: "Over the past two years, Place Vendôme has been very active in promoting Qatar's retail opportunities in key target markets.
"As the world's fastest growing luxury market and the Middle East's second shopping destination, Qatar is rising to be among the leading global retail destinations for international brands. European brands, particularly renowned British names of the fashion industry, are maintaining a leading role in Qatar's retail market.
"Classic fine quality and cutting-edge designs are what continue to drive their market share in Qatar. Locals and residents in Qatar and the Arab region have a deep appreciation for the sense of elegance and excellence in quality that they receive from the British luxury brands."
"We are delighted with the positive feedback and the interest we are receiving from the leading retail brands and our industry peers in the British market. The project is being recognised as an ideal opportunity for retailers to tap into and expand within the Qatar market in a unique setting," said Kelly.
Located in Lusail City, Qatar's emerging master development and home to the host stadium of the opening and closing matches of the 2022 Fifa World Cup(TM), Place Vendôme aims to become the new centre of attraction for regional and international residents and visitors seeking a combination of varied entertainment and retail choices in one place. - TradeArabia News Service
