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United Development Company (UDC), the developer and promoter for The
Pearl-Qatar, is launching the second phase of the project in February 2005 ahead of plan.
The move follows what UDC Chairman, Hussain AlFardan described as an “overwhelming” response to the marketing of the first properties along the island’s main
marina, Porto Arabia and the La Plage beachfront luxury villas set on the west coast of the island.
“The marketing and sales activities of the first phase of the development far exceeded our expectations and attracted investors from the GCC as well as internationally,”
said AlFardan at a press conference held in Doha, Qatar.
The Pearl-Qatar has positioned itself as the ‘Riveria Arabia’ and is set to become the most glamorous address in the Middle East with its Mediterranean-styled
architecture, spectacular views and world-class marinas.
Luxury apartments, town homes and penthouses grace the warm waters of the
Persian Gulf together with beach front villas which offer investors
stunning choices.
“The project represents the corner stone of the scope and objectives of the United Development Company, which has successfully launched other major projects in
Qatar in order to play its role in the speedy and impressive development process that we have been witnessing over the years in the cultural, educational, social,
economical and architectural sectors under the wise guidance of HH the Emir,” explained
AlFardan.
From inception, The Pearl-Qatar project was blessed by HH The Emir Sheikh Hamad bin Khalifa Al –Thani and has the full support of his Highness and the honorable
member of the government.
The island will cover an area of four million square meters and will include residential villas, townhouses and apartments which will house 30,000 people approximately.
Additionally, The Pearl-Qatar will have 3 luxury hotels, a balance and equally high class restaurants, retails shops, social and educational centres making it a world-class
destination for Qatar’s residents and tourists alike.
“Dredging and reclamation work has already commenced and is making good progress. Infrastructure utilities, architectural contracts have been awarded to
international companies. Construction of the first buildings is expected to commence towards the end of the first quarter of this year,” announced Khalil Al
Sholy, Managing Director of UDC.
“It is worthwhile mentioning that extensive studies were carried out before the decision was taken to proceed. Those studies covered the technical, economic and
environmental aspects of the project. They clearly proved the practicality, viability and feasibility of the project. They gave us full confidence and determination to
proceed ensuring good returns for our investors at the same time,” said Al
Sholy.
He explained that UDC has also issued a contractors’ prequalification tender for the execution of infrastructure work across the whole of the island and for the high rise
residential towers and associated parking, townhouses and shops surrounding Porto Arabia.
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Pearl-Qatar, Qatar
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