UDC participates at “Luxury Property Show Shanghai” 2018

December 09, 2018 / News

Event brings together over 200 exhibitors from more than 35 countries


United Development Company (UDC), a leading Qatari public shareholding company, and the master developer of The Pearl-Qatar and Gewan Islands, has joined the ranks of luxury real estate developers at the “Luxury Property Show – Shanghai” in China, from 7 till 9 December, 2018.


UDC, the platinum sponsor of the “Luxury Property Show – Shanghai 2018”, met Chinese and International investors to introduce investments with high returns. These included residential and retail units at The Pearl-Qatar and the adjacent Gewan Island.


The three-day event, brought together over 200 leading real-estate companies from around the world to advertise world-class projects to an audience of Chinese and International luxury homebuyers and investors.


The invitation-only event has been organized in cooperation with over 200 official media and show partners, providing a reputable platform for elite investors to interact with exhibitors from over 35 countries.



“UDC believes Qatar represents an attractive investment destination that has yet to be fully tapped by Chinese investors. For this reason, we have decided to participate in the “Luxury Property Show – Shanghai 2018” to introduce the Chinese investors to what UDC has to offer,” Mr. Ibrahim Jassim Al-Othman, UDC President and Chief Executive Officer said.


Mr. Al-Othman explained that Qatar’s attractive business environment, growing expat communities and emerging tourism sector, driven by a diversified economy and $200 billion worth of investments in infrastructure projects in preparation for the FIFA World Cup 2022, reflect positively on Qatar’s property market.


As one of the Middle East’s leading real-estate development companies, UDC, through its various products and services, represents one of the optimum channels to tap into Qatar’s lucrative property market, Mr. Al-Othman added.


Chinese investors looking to tap Qatar’s attractive real estate market now benefit from visa-free entry to the country after the government eliminated visa requirements for citizens of over 80 nations. Today, Qatar ranks in first place in the Middle East and 8th worldwide in terms of visa openness.



UDC representatives briefed the visitors of the Company’s exhibit on its various offerings at both The Pearl-Qatar and Gewan Islands.


UDC staff guided the Chinese investors through the formalities of acquiring a property in Qatar and explained payment plans, walking investors through a smooth and transparent investment process.


The Pearl-Qatar Island is an iconic mixed-use urban development project distributed across world-class architecturally distinct precincts. The Island sits on 4,000,000 m2 of reclaimed land, along 32 km of seafront off the coast of Doha’s West Bay and accommodates 50,000 residents. The Island offers a variety of luxury apartments, villas, penthouses, townhouses, diverse leisure and entertainment facilities, award-winning marinas and beautiful serene beaches, as well as a selection of world-class restaurants and shopping outlets.


Gewan Island, UDC’s latest real-estate project next to The Pearl-Qatar Island, spans across 400,000 sqm with a total built up area of 388,000 sqm. The Island will be home to 712 units, including 639 apartments, 20 standalone villas, 26 waterfront villas, 21 beachfront villas, and 6 special island villas in addition to 11,000 sqm of retail space and a number of residential buildings.


UNITED DEVELOPMENT COMPANY

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