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UDC inks Pearl Qatar residential tower plot deal

DOHA, April 28, 2016

United Development Company (UDC), the master developer of The Pearl Qatar, a man- made island in Doha, said it has signed a sale and purchase agreement with Hamad Saleh Al Qamra, the chairman of Al Qamra Holding, for a residential tower plot in Viva Bahriya precinct of the project.

The Plot VB 25, covers 7,180 sq m of land and boasts a total residential area of 33,541 sq m in addition to 10,484 sq m allocated for car parking. Once completed, the tower will add to the exquisite residential landscape of the enviable beachfront location of Viva Bahriya.

Commenting on the agreement, Ibrahim Jassim Al Othman, the UDC president and chief executive, said: "This sale agreement is proof of investor confidence in Qatar’s ever-thriving property market and in The Pearl-Qatar as an iconic development that is best placed to absorb the growing local demand."

Al Qamra said: "We are pleased to partner with UDC and invest in Viva Bahriya as an elegant and peaceful district which appeals to a target of selective residents."

"The Pearl-Qatar which besides being one of the country’s landmark sites and most sought after living destinations, offers additional value for Island property owners and us investors, including the close proximity of the beaches, leisure facilities, world-class restaurants and entertainment centers complemented by the scenic panoramic sea views," he added.

Viva Bahriya is architecturally themed to echo the very best of the Arab Maghreb with Moroccan-styled townhouses and apartments exuding Moorish elegance. It is perfect for families and all who seek a more relaxed lifestyle and complete with its own stretch of pristine beach.

UDC is also extending this district with the addition of its new iconic development “Abraj AlMutahida” featuring apartments suspended between the two tower blocks; among the Company’s variety of other residential and commercial properties in Qanat Quartier, Medina Centrale, Abraj Quartier and Porto Arabia currently showcased at Cityscape Qatar.-TradeArabia News Service




Tags: Pearl Qatar | plot | UDC | Residential tower |

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