The Pearl-Qatar Wins at 2018-2019 Arabian Property Awards
United Development Company (UDC), master developer of The Pearl-Qatar and Gewan Islands, recently won the 2018-2019 Best Mixed-Use Development for The Pearl-Qatar project in the Arabian Property Awards. Abdulla Al Hamadi, Executive Director for Property Management at UDC, received the award in a ceremony that took place at the Savoy Hotel in London earlier this week.
The award strengthens UDC’s lead position ahead of hundreds of firms across 48 real estate categories, carefully appraised by a panel of 80 international experts and led by three members of the UK’s House of Lords. The evaluation is based on design, quality, services, innovation and commitment to sustainability.
Earlier this year, UDC won two awards from the Qatar Business Excellence Awards 2018. UDC was presented with the awards in recognition of the company’s significant contribution to the development and management of some of the region’s leading real estate projects.
Despite regional uncertainty and economic challenges, UDC continues to unveil innovative and integrated projects, while maintaining satisfactory financial returns to its investors. In April this year, UDC unveiled its latest real estate project – Gewan Island – at Cityscape Qatar. The 400,000 square-metre project is adjacent to The Pearl-Qatar, with construction works due to be completed in 2021. UDC is expected to invest a total of QAR5.5 billion in key projects over the 2018-2022 period.
For updates and more information about UDC, visit their website at udcqatar.com.