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We hope that the new Ministerial decision to give foreign ownership and property to the property will increase the demand for the property in the near future. "It gives privileges to the residents and investors who ensure the sustainable growth of the real estate sector, including our company," he said.

UDC Chairman and CEO Ibrahim Jassim Al-Othman said the stabilization of Pearl-Qatar settlement rates in 2020, in addition to the sale of residential units and plots, contributed to recurring revenue from residential and retail leasing.

Residential Residence Further Development UDC has signed 140 new leases for the property, benefiting from the sale of 31 completed residential units in Pearl-Qatar and the sale of 95% of the residential units under construction at Al Mutahida Towers .

This also includes the sale of all completed villas and low-rise buildings in Giardino Village, as well as all residential plots in Qanat Quartier Marina. On Gewan Island, UDC finalized the sale of 70% of the residential plots. Retail leasing showed a 125% increase in new lease retail space in 2020 compared to 2019, and the opening of 28 new retail brands in Pearl-Qatar. lusail

Medina Central and Connaught Quattier, the three main retail hubs in Porto Arabia, said Al-Othman. Yuvasi made great strides in the development of Gewan Island, completing major maritime work in conjunction with existing infrastructure and completing major foundations, and began erecting support towers at the main entrance bridge to Gewan Island.