# Taameer Group Signs Qetaifan Projects Deal for Plots Valued Over QAR 1.4 Billion > Taameer Group acquires plots in Qetaifan Island North's southern high-rise area for projects worth over QAR 1.4 billion. - Published: 2026-10-26T06:27:28+00:00 - Section: Mergers & Acquisitions - Author: News Desk - URL: https://newsforagent.com/news/2026-10-26/taameer-qetaifan-island-north-acquisition - Source: [The Peninsula Newspaper](https://thepeninsulaqatar.com/article/26/10/2026/taameer-group-expands-its-investments-in-qetaifan-island-north-with-new-projects-worth-over-qar-14-billion) ## Key takeaways - Taameer Group signed an acquisition agreement with Qetaifan Projects for additional plots in Qetaifan Island North's southern high-rise area. - The real estate projects planned on the acquired plots carry a total value exceeding QAR 1.4 billion. - The agreement was signed in the presence of Sheikh Nasser Bin Abdulrahman Al-Thani and Mohamed Hussain Al Ali. Taameer Group has signed an acquisition agreement with [Qetaifan Projects](https://akta.pro/company-profiles/0007mee/qetaifan-projects), the developer of Qetaifan Island North, for additional plots in the island's southern high-rise area, where it plans real estate projects valued at more than QAR 1.4 billion. [The Peninsula Newspaper](https://thepeninsulaqatar.com/article/26/10/2026/taameer-group-expands-its-investments-in-qetaifan-island-north-with-new-projects-worth-over-qar-14-billion) reported the signing. ## Taameer's Qetaifan Island North Acquisition Taameer Group is a Qatari luxury real estate developer founded in 2008 and headquartered in Lusail City, building high-end residential and mixed-use projects across Qatar, Oman, Iraq, Pakistan and the UK. Qetaifan Projects is the developer of Qetaifan Island North. The agreement builds on earlier cooperation between the two parties, under which Taameer Group acquired plots to develop an integrated destination named Canal Bay District, where development works have commenced and several residential, hospitality and commercial projects have launched. That destination includes Canal Walk, a 580-metre promenade along the western waterfront (Jibla), with spaces for walking, shopping, restaurants, cafés and recreational facilities, alongside Canal Residence and Carlton House, which comprises a hotel, hotel apartments and residences carrying a hospitality brand. The agreement was signed in the presence of H.E. Sheikh Nasser Bin Abdulrahman Al-Thani, Chairman and Managing Director of Qetaifan Projects, and Mr. Mohamed Hussain Al Ali, Chairman and Group CEO of Taameer Group. Sheikh Nasser Bin Abdulrahman Al-Thani said: "Our continued cooperation with TAAMEER Group and the expansion of its investments in Qetaifan Island North reflect investors' growing confidence in the island in particular, and in its strengths and promising growth opportunities." Mohamed Hussain Al Ali said: "This acquisition marks a new phase in TAAMEER Group's expansion in Qetaifan Island North and reaffirms our confidence in its future and promising investment potential." ## Taameer's Project Pipeline Across Five Markets According to akta.pro [company records](https://akta.pro/company-data), [Taameer Properties](https://akta.pro/company-profiles/00hi2i1/taameer-properties) states it has over 10 ongoing projects and more than 10 upcoming projects across Qatar, with major international developments in the UK, Oman, Iraq and Pakistan. The same records list a 2024 delivery of core Qatar product including Seef Waterfront, Skala Tower, The Crescent, La Mer Tower, Al Orjuwan and La Rose, aggregating roughly 2,300 residential units in Lusail. ## Ingenia, OUE REIT and Blackstone Deals Australia's Ingenia Communities received a takeover proposal from AVID Property Group valuing the firm at A$2.20 billion ($1.54 billion), [The future of trading](https://capital.com/en-int/news/australia-s-ingenia-communities-receives-1-5-billion-buyout-bid-from-avid) reported on October 25, 2026. OUE REIT plans to acquire an additional 50% stake in Sydney's Salesforce Tower for AUD 461.4 million, [The future of trading](https://capital.com/en-int/news/oue-reit-plans-to-buy-50-stake-in-sydney-s-salesforce) reported on October 23, 2026. Chile's FNE approved Blackstone's acquisition of Essendi, a Chilean hotel operator with seven properties, [Diario Financiero](https://www.df.cl/empresas/industria/fne-da-luz-verde-a-blackstone-para-tomar-el-control-de-siete-hoteles-en) reported on October 20, 2026. ## Taameer's Cityscape Qatar 2026 Unveiling Taameer Group intends to unveil details of its new projects planned for the acquired plots in the coming days, ahead of the opening of the fourth edition of the Qatar Real Estate Forum – Cityscape Qatar 2026. The Group is also preparing to unveil a new five-star hotel project under an international hospitality brand. ## Companies in this story - [Taameer Properties company profile](https://akta.pro/company-profiles/00hi2i1/taameer-properties) · website: https://www.taameergroup.com - [Qetaifan Projects company profile](https://akta.pro/company-profiles/0007mee/qetaifan-projects) · website: https://www.qetaifanprojects.com --- News for Agent · https://newsforagent.com/llms.txt