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UDC announces auctioning of luxury townhouses

The United Development Company (UDC) a leading master developer has announced plans to auction nine luxury townhouses at Qanat Quartier, the Venice-like mixed use community located at The Pearl Qatar, Doha. The auction bids will be accepted until 12pm on 13th September at the sales and marketing centre, Oyster, The Pearl Qatar.

The auction unfolds an opportunity for bargains on luxurious townhouses in the community to the investors and buyers. All the townhouses here enjoy sea views and direct access to the beach, the company said.

The nine townhouses come in double or triple bedrooms spanning 349sqm to 368sqm, and enjoy a contemporary look, as it is only a minute’s walk away to the central retail area of Qanat Quartier.

Successful bidders will be granted their freehold titles based on the provisions of the sale and purchase deed and applicable laws, the company said.

The auction prices for every townhouse will be set in accordance to the highest bid, provided, it meets the terms and condition established for the auction, including the minimum opening price of QR25,000 per sqm. A retainer payment equivalent to 20 percent of the property value is to be submitted through bank-certified cheques.

All nine townhouses are to be used for residential purposes based on the provisions of sale and purchase deal, the company said.

Posted on 26/8/2015

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