Qatari Diar Real Estate Investment Company signs agreement with QNB Group to finance the purchase of land plots in Huzoom Lusail project

Qatari Diar Real Estate Investment Company signs agreement with QNB Group to finance the purchase of land plots in Huzoom Lusail project

The largest financial organization in the Middle East and Africa, QNB Group, and Qatari Diar Real Estate Investment Company have inked a strategic deal to finance the acquisition of land plots in Lusail City's Huzoom Lusail project, a significant real estate development. 

By offering buyers and investors various financing options, this agreement hopes to speed up the buying process and boost activity in Qatar's real estate market. 

During an official ceremony held at Qatari Diar's headquarters in Lusail City, the Memorandum of Understanding (MOU) was signed by Adel Ali Al Malki, Senior Executive Vice President - Group Retail Banking at QNB Group, and Eng. Fahad Abdullatif Al Jahrami, Chief Development and Asset Management Officer - Qatar at Qatari Diar.

Investors will have the chance to purchase homes with the best possible financial backing thanks to this real estate financing from QNB. In addition to promoting urban development and real estate projects, this alliance is a calculated step toward strengthening ties between Qatar's banking and real estate sectors. 

Both sides committed to keeping an eye on how the MOU's provisions were being carried out and to offering their full support to customers who wanted to use the funding to buy land in the Huzoom Lusail project.

The parties conveyed their hope that the deal will boost the real estate sector and investment levels. They declared that by offering financial solutions that support further expansion and success in Qatar's real estate market, their partnership will improve the investment climate. Furthermore, it will open the door for more cooperative projects aimed at expanding the real estate industry and satisfying consumer demands. 

In order to save clients time and effort, the agreement also calls for offering financial and advising support to prospective purchasers and expediting the financing and purchase processes through cutting-edge digital platforms.