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The Pearl Qatar
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Local Name:
Budget:
15B
Announced:
Aug 2004
Construction Start:
2004
Opening:
Location:
Area:
1390 ha
Developer:
Qatar Airways, UDC
Operator:
Consultants:
Ride Suppliers:
Other Suppliers:
  1. Aiming to become a fully integrated city, Pearl Qatar has many upcoming construction projects due by the end of summer 2022.

    On August 2022, United International School is planned to open its doors for the younger generation. The Educational institution with an area of 44,000 sq. m, designed for 2500 students from 2 to 18 years old, will have a British curriculum.



    The new project Corinthia Yacht Club, developed by UDC, will be managed by Corinthia Hotels and is scheduled to open in July 2022. It will occupy a building area of 2232 sq. m and many other services that will help create a leisurely atmosphere.



    By May 2022, Floresta Gardens will offer a variety of community living options with stunning views of the waterfront and community areas, as well as access to retail services and numerous amenities. In total, Floresta Gardens will have 115 villas. Moreover, The Floresta Gardens area will also consist of ten residential towers with an area of 3500 sq. m, each of which consists of 15 or 18 floors, after completion of construction, each tower will have from 125 to 140 apartments by June 2023.



    Last but not least, Port Arabia Hotel Apartment due May 2022. This 26-storey hotel apartment tower comprises 246 units and offers various accommodation types ranging from studio to 4-bedroom penthouse units.



    Link: https://thepearlqatar.com/Projects

  2. The Pearl Island got a new attraction destination during the holy month of Ramadan.

    Doha: Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, in collaboration with United Development Company (UDC), and Snoonu joined hands to launch the “Ramadan Market” initiative on Monday at Qanat Quartier area located in The Pearl Island.

    The initiative aims to support local small and medium enterprises (SME) founded by a group of ambitious and creative Qatari entrepreneurs, by providing them with the perfect opportunity and the ideal platform to showcase their finest Ramadan products.
    Source: https://thepeninsulaqatar.com/article/07/04/2022/bedaya-launches-ramadan-market-in-the-pearl

  3. JujuWoman is offline Curious Chap
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    Pearl Qatar developer posts 32% rise in profits

    UDC records revenue of $749.8m for 2012, compared to $524.6m in 2011


    United Development Company (UDC), the developer of the Pearl Qatar mega project in Doha, has reported a revenue of $749.8 (QR2.73bn) for 2012, compared to $524.6 (QR1.91bn) for 2011, it has revealed in a statement.

    While net profit increased 32% to $233.4m (QR850m) for the year ending 31 December 2012, compared to 2011, excluding revaluation gain on investment properties amounting to $177.1m (QR645m), the profit attributable to company owners stood at $200.5m (QR730m).

    Earnings per share were QR2.17 as at 31 December 2012, compared to QR16.32 in the same period in 2011, due to the revaluation gain on investment properties.

    The developer also reported a gross profit of $296.6m (QR1.08bn), compared to $215m (QR783m) for the same year. Total assets increased to $5.3bn (QR19.466bn), compared to $5.23bn (QR19.056bn) in 2011.

    UDC chairman Hussein Al Fardan attributed the developer’s ongoing success to Qatar’s solid economic position, in tandem with the expanding opportunities made possible by the country’s stability and growth.

    “We are fortunate to be operating in a rapidly-developing country, and are therefore able to report solid operating results for 2012,” said Al Fardan.

    CEO Ebrahim Al-Sulaiti said the developer’s focus in 2012 had been twofold: to attract investors to purchase plots at Pearl Qatar, and to encourage more retailers to the project.

    “Pearl Qatar represents a unique investment opportunity for investors and retailers looking to maximise their returns and diversify their investment portfolios,” said Al-Sulaiti.

    “We are on the right track to diversify our revenue stream further in 2013 by launching new precincts at the Pearl Qatar,” he revealed.
    Source: https://www.constructionweekonline.com/business/article-20814-pearl-qatar-developer-posts-32-rise-in-profits

  4. By July 2022, the Pearl Qatar will open its Aquatoria for the new Corinthia Yacht Club project developed by UDC which will be located in Porto Arabia. It will span a built-up area of 2,232 sqm.





    Source: https://thepearlqatar.com/Projects/Yacht-Club

  5. St. Regis Marsa Arabia Island in the Pearl-Qatar is to be opened on a private island.

    The new luxury hotel will include 87 apartment-like rooms, including larger duplexes and townhouses. Each room will be adorned with heritage-inspired decor, showcasing influences of Arabesque design and Andalusian art mixed with modern, contemporary styles.
    Source: https://www.travelandleisure.com/hotels-resorts/luxury-hotels/new-st-regis-marsa-arabia-island-pearl-qatar

  6. Alina is offline Curious Chap
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    The Pearl Qatar will become one of the major hospitality sites of the 2022 FIFA World Cup, which is scheduled to take place in Qatar from 21 November to 18 December 2022.



    A spectacular man-made island deservedly labeled as the “Arabian Riviera” will offer visiting football fans its luxury marinas and a range of iconic hotels already built on the island. Featuring a unique combination of a modern Arabic architecture and Italy-inspired quarters, the area also provides beautiful beaches, top class international culinary and shopping experiences, which will complement the sports programme of the Cup with a fantastic cultural and entertainment opportunities. The latter includes, for instance, a state-of-the-art Megapolis indoor family entertainment center, which offers a vast array of activities for different ages and tastes.

    Sources:
    https://thepearlqatar.com/
    https://www.visitqatar.qa/en/things-to-do/popular-attractions/the-pearl-qatar

  7. Elena is offline Curious Chap
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    The Pearl-Qatar, once completed, the island is expected to have nearly 19,000 dwellings and 45,000 residents. Twelve precincts make up the Pearl-Qatar, and each one has a national or international theme — including aspects of Arabic, Mediterranean and European culture.
    Source: https://www.over-view.com/overviews/the-pearl-qatar

  8. AVL
    AVL is offline Curious Chap
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    The Pearl-Qatar is a US $2.5 billion offshore, Riviera-style man- made island, covering 400 hectares of reclaimed land. It is Qatar's first international real estate venture, the largest real estate development in the country and the first to offer freehold and residential rights to international investors.
    The Pearl-Qatar's name and location, on a former pearl diving site, leverages the country's traditions, and strong historical and cultural ties to the sea. The Pearl-Qatar will eventually house over 30,000 residents in an up-scale, multi-cultural residential community which will be a secure and exclusive Island.
    The four-phase development comprises 10 distinct districts to be developed over five years, with the first investors expected to take up residency in 2007. The Riviera Arabia themed districts will house three luxury hotels, three marinas, with combined mooring for over 700 boats, and 60,000 square m of luxury retail and restaurant space.
    Source: https://www.cedaconferences.org/documents/dredgingconference/downloads/2/technical-visit-thepearl.pdf





    United Development Company Announces Q3 2021 Financial Results
    Net profit of QR 207 million on revenues of QR 1.6 billion
    Source: https://twitter.com/ThePearlQatar


    The Pearl-Qatar has created over 32 km of new coastline for use as a residential estate with an expected 25,000 dwellings and 50,000 residents by the end of 2021.

    Source: https://www.linkedin.com/company/the-pearl-qatar


  9. SiteSeeing101 is offline resortX Top Investigator
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    This video from a couple of weeks ago, given an aerial overview of The Pearl:


  10. Marina is offline Park Investigator
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