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Qatar's United Development Company sells Abraj tower for 1.25 bln riyals
December 15, 2016 / 7:50 AM / 9 months ago

Qatar's United Development Company sells Abraj tower for 1.25 bln riyals

DUBAI, Dec 15 (Reuters) - Qatar’s United Development Company has sold Abraj Quartier Tower 2 for 1.25 billion riyals ($343.28 million), property developer, the property developer said in a bourse statement on Thursday.

The commercial tower, located at the entrance of The Pearl in Doha’s Abraj Quartier precinct, was sold to a strategic property investor, the statement said. ($1 = 3.6413 Qatar riyals) (Reporting by Davide Barbuscia, editing by Hadeel Al Sayegh)

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