First Development in Tajikistan to Grant Foreigners the Right of Ownership
Residential Units Ready for Immediate Delivery
 
Doha, 17 November 2014: Qatari Diar Real Estate Investment Company celebrated the sales launch of its Diar Dushanbe project, a mixed-use development in Tajikistan, earlier yesterday. 
The event was held at Qatari Diar’s headquarters in Doha and was attended by His Excellency Mr Ardasher S. Qadiri, the Ambassador of the Republic of Tajikistan to Qatar, alongside, Mr Khaled Mohammed Al Sayed, Group Chief Executive Officer of Qatari Diar, and a number of leading officials and company representatives. 
Commenting on the project, Mr Al Sayed said: “As Qatari Diar’s foremost project in Central Asia, we are extremely proud to launch the first phase of Diar Dushanbe, since it truly embodies the strong ties between the State of Qatar and the Republic of Tajikistan. This unique development clearly reflects our vision and mandate of Qatari Diar, which is to build projects that are at the heart of the community, and that contribute to sustainable growth and prosperity for the countries in which we invest.”
Mr Al Sayed was also pleased to highlight the numerous advantages of Diar Dushanbe, which includes being the first development to grant foreigners the right of ownership. 
“We are currently working to meet the other necessary requirements and needs of investors. Diar Dushanbe is not just a residential and commercial project; it is also an integral plan that aims to contribute to the Tajik economy by generating job opportunities and revitalizing the investment sector. The project will see the creation of a new shopping lifestyle through the establishment of high-end commercial stores that conform to the highest international standards,” he added.
The project is being constructed in one of the most prestigious areas of Tajikistan’s capital and its largest city, Dushanbe. It covers an approximate area of 68,000 square metres, overlooking Lake Kuli Javanon and facing the Presidential Palace, which makes it an ideal location for diplomats and foreigners who work in Tajikistan.
All the residential units have already been completed in the first phase of the project and are ready for immediate delivery. Moreover, Qatari Diar provides a host of exceptional after-sales services for investors and potential buyers of the Diar Dushanbe project.
The first phase of Diar Dushanbe includes a residential building that consists of 67 units, an administrative building, central courtyard, as well as several retail stores.
Diar Dushanbe was named the ‘Best Decorative’ architectural project in Tajikistan by the Agency for Construction and Architecture and the Association of Builders. Additionally, in 2013 Diar Dushanbe received a five-star accolade at the Asia Pacific Property Awards for being selected as the top mixed-use development project. The prestigious board once again recognised the project in 2014 and presented Diar Dushanbe with the highly-commended award for ‘Mixed-use Architecture’. 
Over the last several years, the Republic of Tajikistan has experienced impressive growth in its business sector with the recent implementation of commercial laws and codes that encourage foreign investments, including the right of ownership. 
Diar Dushanbe is fully owned by Qatari Diar Real Estate Investment Company. It is expected to redefine the concept of luxury living in Tajikistan by offering an integrated community on the picturesque and idyllic waterfront of the Gissar Canal.