United Development Company (UDC), a Qatar-based public shareholding Company, signed a Memorandum of Understanding (MoU) for the sale of AQ-02 office tower located at The Pearl-Qatar, within Abraj Quarter precinct, said UDC in a press release.
The AQ-02 is one of two iconic commercial towers located at the entrance of the The Pearl-Qatar. The two towers completion time recorded an astonishing pace and thus commanded great attention, leading to the MoU to be signed with a prominent property investor.
“The development of Abraj Quartier AQ-01 and AQ-02 towers, along with the recent successful tower plot sale in Viva Bahriya, reflect investors’ confidence in The Pearl-Qatar project, being a preferred investment destination for residential, commercial and retail/business investors,” said Ibrahim Al Othman, UDC President and CEO.
“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,” said Al Othman.
“Now 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,” added Al Othman.
The first iconic tower, AQ-01, property of UDC, is currently available for leasing. It is a 42-storey tower that offers amenities such as a full service café and restaurant that overlook the Gulf waters, a high-tech fitness center for the use of office tenants, and plenty of parking spots.
The two towers provide premium and first class office spaces of various sizes 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.
As one of the largest real estate developments in the country, it houses five-star hotels, marinas, a yacht club, schools and other services as well as luxury residential property and upscale retail, restaurant and lifestyle amenities.