UDC launches Crystal Residence sales at Gewan Island

Doha: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, inaugurated its 900-sqm pavilion at Cityscape Qatar 2021, featuring models of the Company’s flagship developments, The Pearl-Qatar and Gewan Island where UDC will showcase attractive properties for sales and leasing as well as a range of attractive in-house financing plans and promotional leasing offers. 

Commenting on UDC’s participation in the event, Turki bin Mohammed Al Khater, Chairman of UDC said: “We are excited to be returning to Cityscape after weathering economic uncertainty linked to the pandemic. We will therefore be capitalising on our participation to reconnect with our existing customer base and learn more about the changing needs and preferences of our clients. UDC’s ongoing strategy is focused on delivering our current inventory of residential units at The Pearl-Qatar. Meanwhile, we are launching the first phase of Crystal Residence sales, which we expect will enthrall visitors as another high-quality product that translates UDC’s commitment to crafting unique lifestyle and leisure experiences which our customers have come to expect from us”. 

Ibrahim Jassim Al Othman, President, CEO and Member of The Board at UDC added: “We are long-term and essential participants in Cityscape Qatar and recognise its valuable influence on the local real estate market. We have therefore chosen this platform to launch one of our most promising projects ‘Crystal Residence’ at Gewan Island. As for existing projects, we are presenting exciting sales and leasing offers on our completed projects in various precincts of The Pearl-Qatar including the recently launched Giardino Gardens villa compound. We also want to showcase our portfolio of upcoming diversified projects mainly Giardino Mall, Floresta Galleria, Floresta Gardens’ three residential villa compounds, United School International and Corinthia Yacht Club at The Pearl-Qatar in addition to Crystal Walkway’s retail hub and Corinthia Gewan Island Qatar hotel with its connected golf course and beach club at Gewan Island”. 

Speaking to The Peninsula on the sidelines of the event, Al Othman went on to elaborate on the features of the newly launched Crystal Residence. He said: “The Crystal Residence at Gewan Island which we are launching has 70 units/apartments, we already have bookings for almost 40 percent even before we started which is a good sign". 

“It is in a very unique location and has good amenities, that each building has its own gym, pool, security and retail surrounding, he said”.  Al Othman added: “The Gewan residential has 11,000 sqm of retail spaces which is air conditioned, this huge area will provide convenience to the shoppers which is our focus. Additionally, we also have the villas of Giardino - it is for the first time we are introducing villas for rent at The Pearl Qatar. We have around 80 villas, and we are receiving lease on phases and starting to rent it to the tenants”. 

The Pearl Qatar over the years has positioned itself for local and international investors as the government has allowed for permanent residencies tied up to the investments which is helping in that regards, Al Othman said. 

He added: “Today we are also announcing the Corinthia Yacht Club that is an international Yacht Club in The Pearl-Qatar and the construction is ongoing which will be completed by the third quarter of next year, to be ready for the FIFA World Cup 2022. It has state-of-the-art design and is going to be unique in its position and services”. 

Speaking about the footfall at The Pearl-Qatar, he said The Pearl-Qatar welcomes around 28 million visitors and residents annually as monitored on a monthly basis. The occupancy rate at The Pearl-Qatar has also reached around 35,000 to 40,000, he added. 

Crystal Residence which is the highlight of UDC’s participation in Cityscape Qatar 2021, is set to attract a remarkable number of business and individual investors from both Qatar and abroad thanks to its amenity-rich, smart and sustainable features in addition to the unmatched location at Gewan Island which promises to be Qatar’s most prestigious and exclusive address.

Crystal Residence consists of 15 luxurious mixed-use buildings, six to seven-story high, that sit at the heart of Gewan Island within a lively commercial and residential district, arranged around the canopied pedestrian zone and Qatar’s longest climatised ‘Crystal Walkway’. Crystal Residence consists of a total of 586 apartments overlooking the seaside or the Crystal Walkway and including one to three-bedroom units ranging between 90 to 240 sqm and four-bedroom duplexes with an area of 365 sqm.