Ibrahim Jassim Al Othman, United Development Company (UDC) President, CEO and Member of the Board, has said that the reason behind high price in The Pearl-Qatar is due to the high cost of construction and services being provided there.
04 Feb 2021 - 8:53
UDC Chairman Turki bin Mohammed Al Khater (left) and UDC President and Chief Executive Officer and Member of the Board, Ibrahim Jassim Al Othman.
The Peninsula
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, announced its financial results for the year 2020 achieving net profit of QR265m and revenues of QR1.176bn.
The net profit attributable to equity shareholders stood at QR226m, and basic earnings per share amounted to QR0.064 with proposed dividends of 5 percent.
Commenting on these results, UDC Chairman, Turki bin Mohammed Al Khater said: “Despite the challenges that businesses have faced in 2020 as a result of the coronavirus pandemic, UDC was able to maintain development activities throughout the year where we succeeded in completing the planned development phases at The Pearl-Qatar and Gewan Island.”
03 Jan 2021 - 18:05
The Peninsula Online
United Development Company (UDC) has clarified that “it has not issued any instructions or procedures regarding the operation of the sound system in mosques at The Pearl-Qatar, and therefore completely denies what was circulated through social media.”
“With regards to the claim that the sound system was not operational during Friday prayers in mosque No. 249 on 01/01/2021, UDC confirms that all sound systems in the Island s mosques work with the same efficiency and as usual, and that there has been no changes made to the sound in any of the Island s three mosques where Friday prayers are held,” the developer of The Pearl-Qatar said in a statement posted on Twitter.
Residential Real Estate Market in Qatar - Growth, Trends, and Forecast (2020 - 2025)
New York, Dec. 28, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Residential Real Estate Market in Qatar - Growth, Trends, and Forecast (2020 - 2025) - https://www.reportlinker.com/p06000945/?utm source=GNW Qatar’s population was estimated to crossed 2.7 million by the end of 2019.
- The potential market for residential units has been further expanded by Law No. 16 of 2018, which was implemented in 2019. Earlier, non-Qatari investors had temporary holding rights; however, the law allows non-Qatari investors to purchase apartments in Lusail, West Bay, and Onaiza on a freehold title.
Qtel takes over Qatar Pearl telecom infrastructure itp.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itp.net Daily Mail and Mail on Sunday newspapers.