United Development Company (UDC) has finalised the sale of a tower at the entrance to the Pearl for QAR 1.25bn ($343mn).
The Pearl office Tower 2, one of two commercial towers within the Abraj Quartier precinct, was sold to a strategic property investor. The Pearl Tower 1 is now available for leasing, UDC said in a statement.
At 201-meters high, 42-storeys, the Pearl towers are the tallest buildings on The Pearl Island, one of the largest real estate developments in the country and the first to offer freehold and residential rights to international investors.
The Pearl is is home to five-star hotels, marinas, a yacht club, schools and other services as well as luxury residential property.