The Qatar-based United Development Company has secured QAR 730 million for Al Mutahida Towers.
The Qatari real estate firm United Development Company have announced that they have secured funding for their newest project at the Pearl. The Commercial Bank Qatar will be providing the funds for Al Mutahidah Towers, a new residential complex in central Doha.
The towers are expected to be completed in late-2019, and will be comprised of set of connected buildings with 480 high-end residential units, including studios, luxury apartments, and penthouses.
They will also offer retail spaces for interested brands, as well as panoramic view of the sea and direct access to the beach around.
The Pearl Qatar is an artificial island spanning over nearly four million square meters and costed around $15 billion to create. It was the first Qatari land that was available to be purchased and fully owned by foreign nationals. It has over 12,000 residents since 2015, and is expected to have over 18,000 people living on it by 2018.
Alongside Al Mutahidah Towers, other commercial and residential mega-projects are being developed on The Pearl like Porto Arabia, Viva Bahriya Towers, Qanat Quartier, Abraj Quartier, and Medina Centrale.
Once fully completed, it will have over 32 kilometers of artificial coastline, for both development and recreational use.