United Development Company Offers Homeowners The Costa Del Sol On Viva Bahriya |
|

United Development CompanyUnited Development Company
launches today the sale of luxury seaview apartments at the "Costa Del Sol", the second beachfront tower at Viva Bahriya, one of the most desirable addresses on The Pearl-QatarThe Pearl-Qatar
. Ideally situated in Viva Bahriya, the second largest precinct on The Pearl-QatarThe Pearl-Qatar
, the 19-storey tower offers potential buyers luxury studios, one, two and three-bedroom apartments, all of which have been designed with a beach or open sea view- making Costa Del Sol unique on the Island.
Viva Bahriya's direct access to 2.5km of pristine beach, water sport facilities, a marina club, in sea restaurants as well as trendy beach clubs, makes it an ideal location for homeowners seeking a relaxed and more family oriented lifestyle.
"We expect a rush for these new apartments," says Salim Abdul-Rahim, General Manager of Sales at The Pearl-QatarThe Pearl-Qatar
. "They have been designed to cater to people looking for the best in beachfront living.
What makes this precinct highly desirable is its own stretch of pristine sand and the fact that it is a haven for water sport enthusiasts," he added.
Though the more than QR 50 billion (14 billion dollars) offshore island is in its initial phase of completion, The Pearl-QatarThe Pearl-Qatar
has already become the destination of choice for investors and residents from 32 countries, and is expected to be home to an up-scale, multi-cultural community of over 41,000 residents when completed in 2011.
As Qatar joins the ranks of the most affluent and most advanced nations, it naturally seeks to develop its resources and build world-class environments based on an open market. Being part of this growing young nation, The Pearl-QatarThe Pearl-Qatar
is a smart investment that adds to the economic strength of the country with its offerings of full residency rights, freehold ownership and tailored payment schemes.
-Ends-
About The Pearl-Qatar
The Pearl-QatarThe Pearl-Qatar
is an offshore, Riviera-style man-made island, covering 985 acres of reclaimed land with an estimated cost in excess of QR50 billion ($US 14 billion). It is Qatar's first international urban development venture, one of the largest developments in the country and the first to offer freehold and residential rights to international investors. It will create over 32 kilometers of new coastline.
The Pearl-QatarThe Pearl-Qatar
's name and location, on a former pearl diving site, highlights the country's traditions, and strong historical and cultural ties to the sea. It is an island rediscovered.
The Pearl-QatarThe Pearl-Qatar
will eventually house over 41,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive island retreat bringing the ambience and lifestyle of the Mediterranean to the heart of Arabia.
Spanning over approximately 4-million square meters of land, and over 32 kilometers of new coastline, The Riviera Arabia themed districts will also include 3 five-star hotels, two boutique hotels, three marinas with combined mooring for over 1000 boat and, a yacht club, schools, restaurants and lifestyle amenities, and two million square feet of upscale retail space proffering some of the world's most renowned luxury brands.
Built 350 meters offshore of the West Bay Lagoon area of the country's capital, Doha, the Island will offer an exclusive retreat with easy access to the capital's thriving community.
The Pearl-QatarThe Pearl-Qatar
is being developed and promoted by United Development CompanyUnited Development Company
(UDC), one of Qatar's leading private sector shareholding companies.
About United Development Company
United Development CompanyUnited Development Company
(UDC) is one of Qatar's leading public shareholding companies. UDC's mission is to identify and create opportunities that contribute to Qatar's growth and provide good shareholder value. The Company was established in July 1999 and has an authorized share capital of QR 1.0725 billion (US $294 million). It was listed on the Doha Securities Market in June 2003.
UDC's target areas of interest include: infrastructure and utilities, hydrocarbon and energy, urban development, environment-related businesses, fashion, and hospitality and leisure.
From day one, the Company's mandate and mission has been to become a cornerstone in the development that the region is currently witnessing; creating lasting value and maximizing returns for partners and shareholders. Through a combination of project activities and commercial enterprise, UDC has developed into the first-choice private sector joint venture partner for international investors in Qatar, and has successfully established new companies and investment vehicles across the region.
Since 1999, UDC has moved from project research into development, production and operations. Project research has culminated into the successful creation of companies that are amongst the leaders in their related fields of industry. The Company prides itself in its ability to create quality investment opportunities both at home and overseas. The company is empowered to invest in financial instruments in Qatar.
UDC's founders, who at launch held 45% of the shares, are among Qatar's most successful investors and developers. Other Qatari and GCC investors are also shareholders in UDC.
For more information, please contact:
Mira El-Baphe
Senior Media Relations Officer
Tel: +974-5970433 - Fax: +974-4438971
Email: mira@udcqatar.com
© Press Release 2008
from United Development Company-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Abu Dhabi Investment Company | UAE | Investment Firms and Funds |
| Al Rajhi Investment Group | Saudi Arabia | Investment Firms and Funds |
| Al Zarooni Group | UAE | Multi-line |
| Qatar Investment Authority | Qatar | Investment Firms and Funds |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Dubai Chamber of Commerce and Industry | UAE | Associations |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Qatari Diar Real Estate Investment Company | Qatar | Landlords and Developers |
Projects
| Project Name | Country | Sector |
| IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) | UAE | Oil and Gas |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| ADCO - SAS Field Development | UAE | Oil and Gas |
| Nakheel - Dubai Waterfront | UAE | Real Estate |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Abu Dhabi Municipality - Salam Street and Mina Road Development | UAE | Infrastructure |








Loading ...