United Development Company (UDC), a leading Qatari public shareholding Company has signed a memorandum of understanding (MoU) for the sale of AQ-02 office tower, one of two iconic commercial buildings situated at the entrance of The Pearl-Qatar within the Abraj Quartier precinct.

The completion of these towers are documented to have been at an astonishing pace and as such have commanded great attention, leading to the signing of the MoU with a prominent property investor, a statement said.

UDC president and CEO Ibrahim Al Othman said: “The development of Abraj Quartier AQ-01 and AQ-02 towers, along with the recent successful tower plot sale in Viva Bahriya, reflect investors’ confidence in The Pearl-Qatar project, being a preferred investment destination for residential, commercial and retail/business investors.”

“Considered as the most luxurious location in Qatar, residents and visitors to The Pearl-Qatar are provided with all the amenities and services one could need.

“Now with the completion of the Abraj Quartier commercial development, it reinforces UDC’s vision of The Pearl-Qatar island as a mixed-use city to live, work and be entertained,” he added.
 
AQ-01, property of UDC, is now available for leasing, the statement said.

Standing as the tallest architecture on The Pearl-Qatar, this 42-storey tower offers amenities designed to provide the best possible working environment with facilities such as a full service café and restaurant that overlook the Gulf waters, a high-tech fitness centre for the use of office tenants, in addition to abundant parking spaces, it added.

The two towers offer first-class office spaces of different sizes, along with panoramic views of Doha’s West Bay, and direct access to the Island’s premier restaurants, retailers as well as the upcoming rail network.
 
The Pearl-Qatar is one of the largest real estate developments in the country and the first to offer freehold and residential rights to international investors. It includes five-star hotels, marinas, a yacht club, schools and other services as well as luxury residential property and upscale retail, restaurant and lifestyle amenities. – TradeArabia News Service