Qatar’s United Development Company (UDC) has signed a sale and purchase agreement with property developer, Al Qamra Holding, for the sale of a residential tower plot in Viva Bahriya precinct at The Pearl-Qatar.
Plot VB 25 covers 7,180sq m of land and boasts a total residential area of 33,541sq m, in addition to the 10,484sq m allocated for car parking.
UDC president and CEO Ibrahim Jassim al-Othman, who signed the agreement yesterday with Al Qamra Holding chairman Hamad Saleh al-Qamra, 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: “The Pearl-Qatar, besides being one of the country’s landmark sites and most sought after living destinations, offers additional value for island property owners and investors, including the close proximity of the beaches, leisure facilities, world-class restaurants and entertainment centres, complemented by the scenic panoramic sea views.”