Further cuts in service charges at The Pearl-Qatar

Press release
Published January 21st, 2013 - 10:43 GMT

Al Bawaba
Al Bawaba

Only a few months after United Development Company (UDC) implemented last June a 33 percent reduction of Master Community (MC) Service Charges at The Pearl-Qatar, the company announced another 12.5 percent cut on all charges applicable to common use facilities at The Pearl-Qatar, effective January 1st, 2013.

The new reduction brings the total cuts in Master Community Service Charges affecting The Pearl-Qatar’s common use facilities areas to 45.5 percent in a span of six months.

Master Community services charges apply to cleaning of common use facilities, security, landscaping, pest control, maintenance of all mechanical, engineering and plumbing equipment, utilities for all common use facilities and waste management. The charges are re-evaluated every six months by Madinainova, Master Community Managing Agent at The Pearl-Qatar. Part of Madinainova’s role is to deliver the best services for the best possible price.

“The increase of occupancy at The Pearl-Qatar has attracted more suppliers who are now able to provide the same standard and quality of services at lower costs,” UDC’s Chief Executive Officer Ebrahim Mubarak Al-Sulaiti said. “The Pearl-Qatar residents are now reaping the cost advantages of UDC’s investment in expanding the scope and quality of services. The substantial cost reduction is a clear indication of the priority UDC places on providing residents with quality services at fair rates.”

Al-Sulaiti further underscored UDC’s relentless dedication to service excellence as evidenced by a series of surveys managed by the company and aimed at polling residents’ satisfaction and to build on improving the caliber of services offered. 

Background Information

United Development Company

United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed on the Qatar Exchange in June of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 18.3 billion at 31 March 2019.

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