United Development Company (UDC), a leading Qatari public shareholding company and master developer of The Pearl-Qatar and Gewan Island, joined the ranks of luxury real estate developers at the Luxury Property Show – Shanghai 2018 in China.
The three-day event was held from December 7 to 9.
Representatives of UDC, platinum sponsor of the Luxury Property Show – Shanghai 2018, met Chinese and International investors to introduce investments with high returns, the company said in a press statement.
These included residential and retail units at The Pearl-Qatar and Gewan Island.
The event brought together over 200 leading real estate companies from around the world to advertise world-class projects to an audience of Chinese and International luxury homebuyers and investors.
The invitation-only event was organised in co-operation with over 200 official media and show partners, providing a platform for elite investors to interact with exhibitors from over 35 countries.
“UDC believes that Qatar represents an attractive investment destination that has yet to be fully tapped by Chinese investors.
“For this reason, we have decided to participate in the Luxury Property Show – Shanghai 2018 to introduce Chinese investors to what UDC has to offer,” said UDC president and chief executive Ibrahim Jassim al-Othman.
He explained that Qatar’s attractive business environment, growing expatriate communities and emerging tourism sector, driven by a diversified economy and $200bn worth of investments in infrastructure projects in preparation for the FIFA World Cup 2022, reflect positively on Qatar’s property market.
As one of the Middle East’s leading real estate development companies, UDC, through its various products and services, represents one of the optimum channels to tap into Qatar’s lucrative property market, al-Othman added.
Chinese investors looking to tap Qatar’s attractive real estate market now benefit from visa-free entry to the country after the government eliminated visa requirements for citizens of over 80 nations.
UDC representatives briefed the visitors on its various offerings at both The Pearl-Qatar and Gewan Island.
The company’s staff guided Chinese investors through the formalities of acquiring property in Qatar and explained payment plans, walking investors through a smooth and transparent investment process.
Gewan Island, UDC’s latest real estate project next to The Pearl-Qatar island, will be home to 712 units, including 639 apartments, 20 standalone villas, 26 waterfront villas, 21 beachfront villas and six special island villas, in addition to 11,000sq m of retail space and a number of residential buildings.
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