Qatari Investment Authority and the State Wealth Fund of the State of Qatar founded Qatari Diar Real Estate in 2005. The construction company is headquartered northeast of the capital, Doha, on the Persian Gulf coast. The new organisation's mission was to support Qatar's growing economy and coordinate the country's real estate priorities.
Lusail City became Qatari Diar's flagship project, and it was launched in December 2005. It quickly received positive feedback from people for its innovative approach to real estate. This progressive autonomous city is the largest project in the State of Qatar. Although still under construction, Lusail City is a symbol of progress, vision and quality that have become synonymous with the developer.
Qatari Diar is doing several important things at the same time. First, the company is monitoring developments in the real estate industry in Qatar. And secondly, the developer is constantly trying to improve the quality of life and contribute to the development of society within the country and in the international arena. Qatari Diar is currently one of the most trusted and respected real estate development companies. As of 2020, Qatari Diar has a total capital of US $ 8 billion. At the same time, 50 investment projects are under development in 22 countries globally, and their total cost is about 35 billion US dollars.
The word “Diar“ in the company's name reflects the core values of the construction company, including dedication, integrity, accountability and respect. The developer has honest and strong moral principles, treats its clients with respect and creates properties that meet the highest quality standards. The company's vision is to make Qatari Diar a regional market leader, delivering quality lifestyles and real estate innovation across the planet.