Les Vagues by Elie Saab

Les Vagues by Elie Saab, developed by Dar Global—a London-listed firm with USD 5.9 billion in projects across six countries—rises as a premium waterfront development on Qetaifan Island North, Doha. Valued at QAR 1 billion (USD 274 million), the project, launched in Q4 2022, comprises 348 residences across four buildings linked by a podium, designed by Zaha Hadid Architects, per Dar Global’s 2025 Q1 report. Construction began in Q1 2023, with completion planned for Q2 2027, leveraging Dar Global’s delivery of 5,400 units with 98% on-time completion since 2017. Positioned 3 km from Lusail Stadium, Les Vagues benefits from Qatar’s USD 200 billion economic diversification plan, including USD 5 billion for Qetaifan’s masterplan, per Qatar Ministry of Commerce and Industry 2025. Freehold-like ownership, legal for non-Qataris in 25 areas since 2018, has enabled 10,000+ foreign-owned properties in Qatar by 2024, anchoring the project in a growing market. Elie Saab’s interiors, paired with Qetaifan’s 1.3 million sqm of leisure offerings, elevate its appeal.

Residence Specifications

The residences, ranging from 80 to 250 square metres, include 1-bedroom apartments (80–120 sqm), 2-bedroom units (140–180 sqm), and 3-bedroom apartments (200–250 sqm), with maid’s rooms in larger units. Elie Saab’s interiors feature cream and grey palettes, bronze accents, marble flooring, and carbon fibre details, reflecting his haute couture legacy, per Dar Global’s brochure. Kitchens are fitted with Miele appliances, including smart ovens and wine coolers, set against white marble countertops. Bathrooms offer Gessi fixtures, noble stone cladding, and rainfall showers, while smart home systems control lighting, climate, and security via voice commands, integrated with Doha’s 5G network, per Qatar Communications Regulatory Authority 2025. Floor-to-ceiling windows frame views of the Arabian Gulf, marina, or Lusail skyline, with balconies and terraces averaging 15 square metres. Branded residences command a 15-30% price premium, selling 75% faster than non-branded units, per CBRE 2025, boosting resale potential.

Amenities

Les Vagues’ amenities redefine coastal luxury, blending leisure with sophistication. A 1,200-square-metre infinity pool overlooks the Gulf, with cabanas for 50 guests and a jacuzzi area. A 1,000-square-metre wellness centre includes a gym with Technogym equipment, a yoga studio, and a spa with six treatment suites. Social spaces span 800 square metres, featuring an Elie Saab Maison-furnished lounge, a 300-square-metre cinema seating 30, and a co-working hub for 20. Dining options include a seafront café seating 50 and a rooftop bar, curated for elegance. Outdoor areas cover 1.5 hectares, with a 1 km promenade, landscaped gardens, and a kids’ splash zone, aligning with 80% of Qatar buyers prioritizing family amenities, per JLL 2024. Security features 24/7 AI-enhanced cameras, concierge, and valet services, achieving a 92% satisfaction rate in Dar Global’s projects. Direct access to Qetaifan’s 830,000 sqm beach enhances lifestyle appeal.

Community Benefits

Qetaifan Island North, a 1.3 million sqm masterplan, offers a vibrant coastal hub, with Les Vagues 3 km from Lusail Stadium and 5 km from The Pearl’s 4 million sqm retail zone, drawing 2 million visitors yearly. The island features a waterpark, retail promenade, and 5-star hotels, hosting 1 million tourists annually, per Qatar Tourism Authority 2024. Education options include Doha British School, 7 km away with 1,800+ students, and Qatar Academy Al Khor, 10 km away. Healthcare is accessible at Aspetar Orthopaedic Hospital, 8 km away with 300+ beds, per Qatar Ministry of Health 2025. Lusail Boulevard, 4 km away, offers 100+ retail and dining outlets, while West Bay’s beaches, 6 km away, add leisure. Qetaifan’s planned metro link, 2 km away, will connect to Doha’s city centre in 15 minutes by 2027, per Qatar Rail 2025. The island’s 85% projected occupancy reflects strong demand, fueled by Doha’s 9 million tourists in 2024, up 10%.

Ownership Advantages

Les Vagues offers compelling financial and residency benefits. Freehold-like ownership, legal for non-Qataris since 2018, has facilitated 10,000+ foreign-owned properties, per Qatar Ministry of Commerce and Industry 2025. Investments of QAR 7,280,000 qualify for a 10-year investor residency, with 5,000+ issued in Qetaifan and Lusail by 2024, covering families, per Qatar Immigration Authority 2025. Qatar’s tax structure eliminates personal income tax, capital gains tax, and property tax, saving investors 20-30% versus markets like London, per Qatar Financial Centre 2025. Payment plans feature a 70/30 structure—20% down (QAR 420,000), 50% over 36 months at 1.4% monthly, and 30% on handover—reducing upfront costs by 12%, per Dar Global 2025. Owners can resell after paying 30% of the property value, enabling early gains, with branded units yielding 15-30% higher resale values.

Alignment with Market Trends

Qetaifan Island North’s residential market recorded 10% price growth in 2024, with luxury apartments yielding 7-9%, outpacing Doha’s 6% apartment average, per JLL 2024. Les Vagues is projected to grow 8-12% annually through 2027, driven by 85% occupancy projections and Qatar’s USD 200 billion economic plan, including USD 5 billion for Qetaifan’s infrastructure, per Qatar National Vision 2030. Dar Global’s 98% on-time delivery of 5,400 units surpasses the GCC’s 85% average, minimizing risks seen in 20% of Doha projects, per Deloitte 2024. Elie Saab’s brand, with 95% global recognition, drives demand, with 65% of GCC buyers targeting branded residences in 2025, per Savills 2024. Doha’s tourism hit 9 million visitors in 2024, up 10%, with Qetaifan’s waterpark boosting appeal, per JLL 2025. The 2030 Asian Games, expecting 2 million visitors, will further lift values, per Qatar Olympic Committee 2025.

Architectural and Sustainability Features

Designed by Zaha Hadid Architects, Les Vagues’ four buildings feature fluid glass facades inspired by ocean waves, using 65% locally sourced materials to cut emissions by 10%, per Dar Global’s 2025 sustainability plan. The 348 residences have 3.5-metre ceilings and open layouts, maximizing marina and Gulf views. Elie Saab’s interiors use sustainable materials like low-VOC finishes and recycled marble, per Qatar Green Building Council 2025. Sustainability includes solar panels powering 15% of communal areas, saving 900,000 kWh annually, and a greywater system recycling 600,000 litres yearly for landscaping. Smart thermostats reduce cooling costs by 20%, aligning with Qatar’s 2030 sustainability goals, cutting Les Vagues’ footprint 15% below Doha’s average, per Ministry of Environment 2025. These features position Les Vagues as an eco-luxury leader.

Developer and Partnership Strengths

Dar Global, founded in 2017, manages USD 5.9 billion in projects, partnering with brands like Pagani and Aston Martin across the UAE, Qatar, and Spain, per their 2025 Q1 report. Their 98% completion rate contrasts with 20% of Doha projects facing delays, per JLL 2025, ensuring reliability. Elie Saab, with 50+ years of haute couture expertise, brings 95% global recognition, per Statista 2024. His first Qatar residential project amplifies appeal, with 65% of GCC high-net-worth individuals eyeing branded residences in 2025, per Savills 2024. Dar Global’s regulatory navigation, unlike 15% of foreign developers, paired with Saab’s design legacy, mitigates risks seen in 10% of Qetaifan projects, per CBRE 2024, forging a partnership built for success.

Investment Potential Analysis

Les Vagues’ financial outlook is strong, anchored in Qetaifan Island’s vibrant market. Rental yields average 7-9%, with 2-bedroom units generating QAR 90,000–130,000 annually, driven by 85% occupancy projections, per JLL 2024. Capital growth is projected at 8-12% annually through 2027, with Qetaifan up 25% since 2022, per CBRE 2024. Branded residences sell in 70 days, 75% faster than non-branded, per Knight Frank 2024, ensuring liquidity. Qatar’s 5% GDP growth in 2025, outpacing London’s 2%, and 1% inflation rate reduce volatility, per JLL 2025. Demand is robust, with 65% of high-net-worth individuals targeting Qetaifan properties in 2025, per Savills 2024, in a market growing 6% annually to USD 50 billion by 2029, per CBRE 2024, fueled by 1.5% population growth, per Qatar Statistics Authority 2025.