UDC Secures Loan To Finish Abraj Al Mutahidah

Tuesday, 20th December 2016

Qatar-based United Development Company (UDC) has secured a  QAR 730 mn loan from the Commercial Bank of Qatar (CBQ) to complete its latest Abraj Al Mutahidah, Invest-Gate reported.

Embarking on its latest residential towers Abraj Al Mutahidah, UDC has secured the QAR 730 mn loan to start construction of the project located in the Viva Bahriya precinct in Doha, according to UDC press release.

Abraj Al Mutahidah will offer around 450 high-end apartment units along with retail outlets and feature amenities, including swimming pools and gyms.

UDC press release reads, “the towers also boast panoramic seaviews and direct access to the beach, in addition to upscale services and recreational amenities.” Scheduled to be launched during the fourth quarter of 2019, UDC plans to put up  Abraj Al Mutahidah for sale within the coming period.

Viva Bahriya is located at The Pearl Qatar, a man-made and the first development to offer freehold ownership to foreign nationals.

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