The United Development Company (UDC), the master developer of The Pearl-Qatar and Gewan Islands, has announced the launch of the sales for 10 tower plots in Floresta Gardens precinct.
Land plots on sale in Floresta Gardens cover medium-rise residential towers, each consisting of 15 floors and approximately 125 to 140 residential units for each tower. Each land plot spans an area of 3,500sq m with built-up areas ranging between 37,000sq m and 41,000sq m per plot.
All the 10 plots offer distinctive waterfront views that increase the attractiveness of the offering among potential investors and future residential unit clients.
Floresta Gardens, the Mediterranean-inspired precinct, offers a variety of community living options with beautiful waterfront and public realm views and access to a retail centre and facilities.
Once completed, Floresta Gardens will accommodate 5,000 residents within 10 mid-rise residential towers and 114 villas from three gated villa compounds.
The launch of land plot sales in Floresta Gardens reflects the attractiveness of the distinctive project and confirms the soundness of UDC’s strategies, future growth plans and its ongoing efforts to further bolster the attractiveness of The Pearl-Qatar through distinctive lifestyle offerings that cater to the different needs of the Company’s clients and investors alike.
UDC is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value.
Established in 1999, the company was first listed on the Qatar Exchange in June 2003. It has an authorised share capital of QR3.5bn and total assets of QR18.3bn as of March 2019.
UDC activities cover a multitude of vital investment sectors, including real estate development, property management, infrastructure and utilities, maritime, and hospitality related businesses.
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