Qatar’s UDC sells Abraj tower for QAR1.25bn

Qatar’s United Development Company has sold Abraj Quartier Tower 2 for QAR1.25bn ($343.28m), 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.