United Development Company (UDC), through its pavilion at Cityscape Qatar 2019, has showcased its various real-estate projects to familiarise investors from Qatar and abroad with a range of lucrative investment opportunities, launching for the first time a limited number of beach villa plots in Gewan Island and Qanat Quartier Marina at The Pearl-Qatar.
CEO of United Development Company Ibrahim Jassim al-Othman said the company’s participation in the 8th edition of Cityscape Qatar will highlight its various projects and present the progress made in the Gewan Island project, which the UDC announced in the previous edition of this distinguished exhibition, noting that the work in the project is well underway.
In his remarks on the sidelines of the event, al-Othman said that the UDC had announced sales operations in the Gewan Island, and there are plots for sale with waterfronts, some of which have sea shores. Parts of these lands have been sold and others are reserved, and there are other plots for those wishing to invest.
He pointed to a number of projects that will be ready in 2022, including residential complexes in Floresta Gardens and another residential complex in Giordano Village.
Al-Othman noted that the company is currently working on the opening of a number of hotels, including the Hilton Hotel Pearl before the end of this year, and the St Regis Hotel in Marsa Arabia which will be ready before 2022.
By the end of these phases, the UDC will have six international brands hotels of seven and five stars located in The Pearl and the Gewan Island.
Asked whether the profits were affected by the volume of investment made by the company, al-Othman underlined that the profits are not affected by the size of the investment, especially as the investment gives the company continuity of profits.
In terms of supply and demand, he pointed out that Qatar has put forward a very positive initiative, which is allowing non-Qatari ownership. Such initiatives provides significant support for the sales in The Pearl and the Gewan Island or even in the freehold areas allowed for foreign investors, and create better business movement in the real-estate sector.
Al-Othman also expected a significant growth in real estate demand, especially in light of the state’s readiness to host the 2022 World Cup, and other tournaments.
He noted that the company seeks to create private communities in its projects, providing an integrated community life that attracts the population.
Dignitaries and officials at the UDC booth. PICTURE: Jayaram
