Lusail Real Estate Development Company
The driving force behind Lusail City is Lusail Real Estate Development Company W.L.L. (LREDC), a subsidiary of Qatari Diar Real Estate Investment Company (see below) which has a capitalised value of over US$ 1 billion. LREDC is responsible for the development, construction, promotion and ongoing management of the future city.Qatari Diar
Qatari Diar Real Estate Investment Company (Qatari Diar) was established in December 2004 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities.
With a mission to become the most effective and trusted real estate investment company in the world, Qatari Diar strives to create developments that are sustainable, quality-built, well-planned and ultimately desirable places to visit, work and live.
Lusail City is just one of many active projects across the globe, including but not limited to Qatar, Syria, Morocco, Egypt and Europe. As well as providing homes to thousands, the development offers local and foreign property developers the opportunity to invest and participate. www.qataridiar.com
Why is the city called Lusail? What considerations have been made to protect fauna and flora prior to development? What is the city built on? You can find answers to these questions and more here.