UDC signs agreement for sale of residential tower plot at Viva Bahriya

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, signed a sale and purchase agreement with property developer Mr. Hamad Saleh Al Qamra, for the sale of a residential tower plot in Viva Bahriya precinct.

Plot VB 25,covers7,180 square meters of land and boasts a total residential area of 33,541 square meters in addition to 10,484 square meters 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 signing, Mr. Ibrahim Jassim Al Othman, UDC President and CEO stated, “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.”

For his part, Mr. Hamad Saleh Al Qamra, Chairman of Al Qamra Holding 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.”

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 isalso extending this district with the addition of its new iconic development “Abraj Al Mutahida” 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.