United Development Company (UDC) has signed a memorandum of understanding (MoU) for the sale of AQ-02 office tower, one of two commercial towers at the entrance of The Pearl-Qatar within the Abraj Quartier precinct.
The speedy completion of the towers “has commanded great attention,” which led to the signing of the MoU with a prominent property investor, UDC said in a statement.
UDC president and CEO Ibrahim al-Othman said: “The development of Abraj Quartier AQ-01 and AQ-02 towers, along with the recent tower plot sale in Viva Bahriya, reflects investors’ confidence in The Pearl-Qatar project as a preferred investment destination for residential, commercial, and retail/business investors.”
He added: “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. With the completion of the Abraj Quartier commercial development, it reinforces UDC’s vision of The Pearl Island as a mixed-use city to live, work, and be entertained.”
UDC said its AQ-01 tower is now available for leasing. Standing as the tallest architecture on The Pearl Island, the 42-storey tower offers amenities designed to provide “the best possible” working environment, including facilities such as a full service café and restaurant that overlook the Gulf waters, high-tech fitness centre for office tenants, and ample parking spaces.
UDC said 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. The Pearl 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.