CapitaLand's wholly owned-serviced residence business unit, The Ascott Limited (Ascott), has opened its first premier serviced residence in Qatar, Ascott Doha. With the 229-unit Ascott Doha, Ascott has a network of over 1,000 apartment units across six properties in four countries in the Gulf region. At Ascott Doha, discerning travellers can experience an exclusive and luxurious stay within the elegantly designed apartments,
complemented by personalised services and comprehensive recreation and business facilities.
The serviced residence is located in the diplomatic centre of the city and at the north end of the Corniche waterfront promenade, fronting Doha Bay, offering stunning vistas of the Arabian coast and easy access to City Centre Mall, Qatar's best known retail and entertainment spot. Business travellers staying at the property will find themselves a stone's throw away from the Doha Exhibition Centre and a 10-minute drive from the city's business and financial district.
Mr Vincent Wee, Ascott's Managing Director for India and Gulf Cooperation Council (GCC), said: "We see strong demand for serviced residences in Qatar. Qatar, one of the fastest growing economies in the world, continues to attract significant foreign direct investments. It is also a host to major international events such as the 2022 FIFA World Cup. Our first serviced residence in Qatar, Somerset West Bay Doha, has been achieving occupancy of over 80%. Ascott Doha heralds a new benchmark for luxury serviced residences and it is well-positioned to attract the growing number of expatriates and travellers arriving in the city."