What Qetaifan Projects does

Qetaifan Projects is a Doha-based real estate development company and the master developer of Qetaifan Island North, a 1.4 million square meter entertainment, hospitality, and residential island located in Lusail, Qatar. Established in October 2017 as a wholly-owned subsidiary of Katara Hospitality, the company plans, develops, and operates an integrated destination that includes Meryal Waterpark (58 rides with two RIG 1938 Guinness World Records), the 335-room Rixos Premium QIN hotel, 16 floating hotel vessels totaling 1,616 rooms, 10 villas, branded residences, beach club, retail, and F&B components, designed to host up to 50,000 visitors daily. The island is adjacent to Lusail Stadium and has GSAS 2-star sustainability certification.

The company serves four primary customer segments: high-net-worth and ultra-high-net-worth individuals and family offices purchasing freehold residential plots and branded residences; tourists visiting the waterpark, hotels, and beach club; Qatar residents accessing community amenities; and retail and F&B operators leasing space on the island. Its revenue model combines one-time transactions (freehold plot and residential unit sales) with recurring transaction-based income (waterpark admission, beach club, retail/F&B rental) and managed services (hotel operations, community services such as school operations). Cumulative construction has reached 25 million man-hours and operational staff stand at 1,123.

Qetaifan Projects operates through a partnership-driven model, working with international operators and design firms including Rixos Hotels, WhiteWater, Severn Lamb, Sarner, ADMARES, Atkins, and Zaha Hadid Architects, alongside Qatari and Saudi partners such as JMJ Holding Group and Dar Al Arkan Global. The company has positioned freehold property rights, available to expatriates under Qatari law, as a core commercial differentiator, monetizing land in phased launches beginning at Cityscape Qatar 2019 (Phase 1) and 2020 (Phase 2).

Name

Qetaifan Projects

Legal name

Qetaifan Projects

Website

https://qetaifanprojects.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Qetaifan Projects is a Qatari real estate developer and master planner of Qetaifan Island North, an integrated entertainment, hospitality, and residential destination in Lusail serving HNWIs, tourists, residents, and retail operators.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Traveler Accommodation (7211), Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Beachfront & Island Luxury Resorts (THAGACAA)

akta.pro secondary industries

Private Islands & Exclusive-Use Compounds (THAMAEAF), Luxury Eco-Resorts (THAGACAK), Beach & Island All-Inclusive Resorts (THAGAKAG)

Keywords

• Mixed-use real estate development
• Luxury waterfront development
• Island master planning
• Hospitality entertainment venues
• Theme park development

Headquarters

HQ city

Lusail

HQ country

Qatar

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Land and Plot Sales: Sale of residential and commercial land plots (villas and towers) across multiple development phases. Phase 1 launched at Cityscape Qatar 2019; Phase 2 villa plots launched in 2020. Plots available in beachfront, sea-facing, and garden locations. Freehold law enables non-Qatari ownership, broadening the buyer pool. Competitive pricing with flexible payment plans through bidding on down payment mechanism.
2. Branded Residential Developments: Partnerships with premium developers (e.g., Dar Al Arkan Global for Les Vagues by Elie Saab) for branded residences. Qetaifan Projects acts as master developer providing land; partners develop and sell branded units. First branded residences with Elie Saab interiors in Qatar.
3. Hotel Operations (Rixos Premium QIN): Rixos Premium Qetaifan Island North Doha Hotel — 335 rooms managed and operated by Rixos International Hotels Group (first Rixos operation in Qatar). Includes floating hotels (16 four-story vessels, 101 rooms each, total 1,616 rooms) operated by ADMARES for World Cup 2022 accommodation.
4. Waterpark Admission and Ticketing: Meryal Waterpark attracts up to 50,000 visitors daily during peak periods. Ticketed admission generates per-visitor revenue. World Cup 2022 fan village proximity drives high visitation. Edutainment rides and themed experiences support premium pricing.
5. Beach Club and Hospitality Services: Azure Beach Club offers private beach, pools, dining, private cabanas, and daily activities. First project planned for completion (Q1 2020). Generates revenue through day passes, memberships, F&B, and event bookings.
6. Retail Plaza and F&B Rental Income: Trove West and Trove East retail and dining plazas, plus waterside retail/cafe/restaurant units along the canal operated by Rixos Hotels. Commercial units rented to retailers, F&B operators, and service providers, generating recurring rental income.
7. School and Community Facilities: Upcoming K-12 school operated by GSM Middle East (first school operator in Qatar and first car racing academy in the Middle East at Qetaifan Island North). Medical center and Mosque Twenty-Seven also planned as part of the integrated town center.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Qetaifan Projects is the master developer of Qetaifan Island North, a 1.4 million square meter entertainment island in Lusail, Qatar. The company sells residential and commercial land plots (freehold, with bidding-based reservations), develops branded residences with international partners, and operates integrated hospitality and entertainment assets including Meryal Waterpark (58 rides), Rixos Premium Qetaifan Island North hotel (335 rooms), Azure Beach Club, Trove retail/F&B plazas, and 16 floating hotels (1,616 rooms). Target customers are HNWIs, family offices, international tourists, and FIFA World Cup 2022 visitors.

Product overview

Qetaifan Projects is the master developer of Qetaifan Island North, a 1.4 million square meter entertainment island in Lusail, Qatar. The portfolio includes Meryal Waterpark (58 rides with 85m Iconic Tower), Rixos Premium Qetaifan Island North (335-room luxury hotel), Residential (luxury waterfront living including branded residences), Azure Beach Club, Trove West and Trove East retail plazas, Majra Alsail linear park, Mosque Twenty-Seven, and 16 floating hotels. The island features 7 beaches, 10 villas, and is designed as an integrated entertainment and residential destination with hospitality, retail, and leisure amenities.

Differentiator

Problem solved

Functional benefit

Brands

• Meryal Waterpark: State-of-the-art waterpark featuring The RIG 1938 which holds Guinness World Records for tallest waterslide at 76.309 meters and most waterslides from a single tower.
• Rixos Premium Qetaifan Island North
• Trove West and Trove East
• Majra Alsail
• Azure Beach Club
• Mosque Twenty Seven
• Residential

Products and services

• Meryal Waterpark Qatar's first entertainment waterpark with 58 rides (53 water slides and 5 dry rides) including the RIG 1938 (world's tallest waterslide at 76.309m and most waterslides from a single tower with 12 slides), an edutainment water ride on Qatar's oil and gas heritage, an 85-meter Iconic Tower, and 6 surrounding beaches. Spans 137,000 sqm and operated by Rixos Hotels for tourists, families, and FIFA World Cup visitors.
• Rixos Premium Qetaifan Island North Luxury 335-room hotel operated by Rixos International Hotels Group (Rixos' first operation in Qatar), offering multi-inclusive vacation experiences and integrated management of the waterpark, beach club, and waterside retail. Serves leisure and business travelers, FIFA World Cup visitors, and resort guests seeking waterfront hospitality.
• Residential Luxury waterfront residential offering spanning freehold villa plots (beachfront 1,000-2,400 sqm; sea-facing 1,000-1,800 sqm; garden-facing up to 1,300 sqm), residential tower plots, and branded residences including Les Vagues by Elie Saab (developed with Dar Al Arkan Global). Sales via exclusive broker Just Real Estate with bidding on down payment. Targeted at HNWIs, family offices, and Qatar residents seeking freehold property on Qatar's first entertainment island.
• Trove West and Trove East Retail and F&B plazas offering indoor and outdoor shopping, dining, and entertainment experiences, including waterside retail, cafe, and restaurant units along the canal operated by Rixos Hotels. Tenancy for retailers, F&B operators, and service providers generating recurring rental income. Serves tourists, residents, and day visitors.
• Majra Alsail A linear park acting as a green corridor spanning the north-south axis of Qetaifan Island North, designed for pedestrians and cyclists with living gardens and recreational activities. Serves island residents, hotel guests, and day visitors.
• Azure Beach Club An all-day lifestyle beach destination featuring a private beach, pools, dining options, private cabanas, and extensive fun facilities, operated by Rixos Hotels. Generates revenue through day passes, memberships, F&B, and event bookings. Serves tourists, residents, and HNWIs seeking premium beach experiences.
• Mosque Twenty-Seven A unique mosque located in the town center of Qetaifan Island North, providing worship facilities for residents and visitors of the integrated community.
• Floating Hotels 16 floating hotels (72m x 16m, 4 stories, 101 rooms each) built by ADMARES using modular marine construction, totaling 1,616 rooms and operated as FIFA World Cup 2022 fan accommodation. Each hotel features a restaurant and lounge bar; designed by Sigge Architects and powered by solar energy. Serves event-driven tourism and overflow accommodation.

Quantifiable outcome

• Up to 50,000 daily visitors during FIFA World Cup 2022 peak periods
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core, flagship, major and minor.

• Katara HospitalitycoreOthers · 1 October 2017Katara Hospitality is the parent company and sole owner of Qetaifan Projects. As Qatar's leading global hotel owner, developer, and operator, Katara Hospitality provides strategic direction, capital, and hospitality expertise. Qetaifan Projects was founded in October 2017 as a wholly owned subsidiary of Katara Hospitality. Chairman: H.E. Sheikh Nawaf Bin Jassim Bin Jabor Al-Thani.
• Rixos Premium Qetaifan Island North (Rixos International Hotels)flagshipStrategic or Co-development PartnerRixos International Hotels operates Rixos Premium Qetaifan Island North Doha Hotel (335 rooms) — the first Rixos operation in Qatar. Rixos also manages and operates Meryal Waterpark, the beach club, and the retail/Festival Plaza. Rixos is known for its Land of Legends Waterpark in Turkey. The partnership is a flagship arrangement bringing international hospitality standards to Qatar's first entertainment island.
• WhiteWater WestcoreTechnology or IntegrationWhiteWater West signed a contract for the manufacture, shipment, and installation of waterpark rides at Meryal Waterpark. WhiteWater is a world-leading waterpark manufacturer. The contract was signed in 2019 as part of the waterpark development for Qetaifan Island North.
• Sarner InternationalcoreStrategic or Co-development PartnerBritish company Sarner International (award-winning design and audiovisual studio) awarded the design and build contract for the edutainment immersive water ride at Meryal Waterpark. The ride tells Qatar's oil discovery story using AR, 3D mapping, animatronics, and special effects. Sarner has 50 years of experience in theme parks and museums globally.
• Severn LambcoreTechnology or IntegrationSevern Lamb signed a contract for the manufacture, shipment, and installation of the waterpark train at Meryal Waterpark. Severn Lamb is a world leader in leisure and resort transport with over 50 years of experience. The train transports visitors from the main island to the Iconic Island and the 85-meter waterslide tower.
• JMJ Holding GroupmajorStrategic or Co-development PartnerJMJ Holding Group signed an MoU with Zaha Hadid Architects in partnership with Qetaifan Projects. The MoU (QAR 600 million) was signed at Cityscape Qatar 2022 for development partnership on Qetaifan Island North. Zaha Hadid Architects will provide architectural design services for JMJ's development within the island.
• Zaha Hadid ArchitectsmajorTechnology or IntegrationZaha Hadid Architects signed an MoU with JMJ Holding Group in partnership with Qetaifan Projects at Cityscape Qatar 2022. The firm will provide architectural design for JMJ's development within Qetaifan Island North. Zaha Hadid Architects is a globally renowned architectural firm.
• ADMARES Construction and TradingcoreStrategic or Co-development PartnerADMARES signed an MoU for the construction and operation of 16 floating hotels (72m × 16m, 4 stories, 101 rooms each; total 1,616 rooms) on Qetaifan Island North shores. Hotels serve FIFA World Cup 2022 fan accommodation. Each hotel features a restaurant and lounge bar. ADMARES is the world leader in alternative real estate with pioneering marine and modular construction methods. Designed by award-winning Finnish firm Sigge Architects. Hotels rely on solar energy.
• AtkinscoreTechnology or IntegrationAtkins provided the detailed master plan for Qetaifan Island North (Detailed Master Plan Vol. 1, July 2019). Atkins designed the Edutainment Tower within the waterpark. The master plan achieved a 2-star GSAS certification. Atkins is a global architecture and design consultancy.
• MonaqasatmajorStrategic or Co-development PartnerQetaifan Projects signed an MoU with Monaqasat, a new local partner joining the alliance for success at Qetaifan Island North. Signed in November 2023. Monaqasat contributes to the ecosystem of development partners on the island.
• Jeem TV and Baraem Channel (beIN Sports)minorGTM or Marketing PartnerMoU agreement for the production of the Al-Tahadi program Season 4, filmed on Qetaifan Island North beaches and broadcast on Jeem TV and Baraem Channel (beIN Sports). Children competed in 29 episodes filmed on the island. Show aimed at promoting the island ahead of its opening.
• Al-Khaliji Commercial BankminorChannel Partner/ Reseller/ DistributorAl-Khaliji Commercial Bank (Al Khaliji) PQSC joined as Official Partner providing a wide range of exceptional banking services to clients wishing to invest in Qetaifan Island North. Supports plot sales and investment transactions.
• Just Real EstatecoreChannel Partner/ Reseller/ DistributorJust Real Estate serves as the exclusive real estate broker for Qetaifan Island North plot sales. Facilitated Phase 1 plot reservation awards through down-payment bidding at the gala dinner held at The Ritz-Carlton Hotel.
• Accor (AccorHotels)flagshipStrategic or Co-development PartnerStrategic partner listed on Qetaifan Projects website. Rixos Premium QIN operates under the Rixos brand, which is part of Accor's portfolio of luxury and upscale hotel brands.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Emaar Properties: UAE-based mega-developer of integrated destinations (Downtown Dubai, Dubai Hills, beachfront communities) — broad incumbent comparable on master-planned luxury real estate at scale.
• Qatari Diar Real Estate: Qatar's sovereign-backed master developer (developer of Lusail City and The Pearl-Qatar) — broad incumbent peer with similar state-linked backing and large-scale mixed-use development capability.
• Aldar Properties: Abu Dhabi's leading listed developer of master-planned communities, hotels and entertainment districts (Yas, Saadiyat ecosystem) — comparable as a Gulf mixed-use developer with hospitality and entertainment assets.

Direct peers

• The Pearl-Qatar: A master-planned luxury island development off Doha coast with residential, retail, hospitality, and beachfront amenities — the closest direct comparable to Qetaifan Island North within Qatar.
• Yas Island (Miral): Integrated entertainment island in Abu Dhabi combining Ferrari World, Yas Waterworld, theme parks, hotels, retail and residences — a direct functional comparable to Qetaifan's waterpark + hotel + residential + retail mix.
• Saadiyat Island (Modon / Miral): Abu Dhabi luxury island destination combining beachfront residences, cultural institutions, hotels and resorts — comparable to Qetaifan's luxury island positioning and cultural/edutainment angle.
• Bluewaters Island (Meraas): Dubai lifestyle island with residential, hospitality, retail and entertainment (Ain Dubai) — directly comparable as a mixed-use waterfront destination in the Gulf targeting HNWIs and tourists.
• Banana Island (Anantara): Luxury private island resort off Doha with branded hotel, residences and beach club — a Qatar-based direct comparable in the luxury island hospitality niche.

Emerging players

• NEOM: Saudi Arabia's mega-destination project with integrated entertainment, residential and tourism components targeting HNWIs and global visitors — an emerging peer competing for the same Gulf mega-project tourism capital.
• Red Sea Global: Saudi developer of luxury island and coastal destinations with hotels, residences and entertainment — emerging regional peer targeting a similar ultra-luxury tourism and residential thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Qetaifan
• YouTubeyoutube.com/channel/UC9IhktocCkAOODFyQ5TWHdQ/featured
• Facebookfacebook.com/qetaifanprojects
• LinkedInlinkedin.com/company/qetaifan-projects
• Instagraminstagram.com/qetaifanprojects

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qetaifan Projects