UDC selling land worth QR1.45bn

April 23, 2014 - 12:38:26 am

DUBAI: United Development Co, a real estate company developing The Pearl residential complex on an artificial island in Doha, said it had agreed to sell 47 plots of land in the area for QR1.45bn ($398m).

The land, totalling about 103,000 square metres, will be sold to an unnamed “strategic partner” and transferred later this year, United Development said in a brief statement yesterday without elaborating.Reuters