United Development Company (UDC), master developer of The Pearl-Qatar, announced its intention to sign a loan agreement facility with Qatar National Bank (QNB) for QR1.5bn ($412 million).
The funding is meant for financing the purchase of the remaining residential units at Qanat Quartier from the Pearl-Qatar Real Estate Shariah-Compliant Fund Company (The Fund), established in the Gayman Islands, after the expiry of the term of the Fund.
Qanat Quartier, whose design incorporates buildings and canals reminiscent of Venetian waterfront living, is one of the most attractive and recognized precincts in The Pearl-Qatar.
The Peninsula
15 June
