United Development Company (UDC)

Incorporated: 1999
Ownership: Qatari Public Shareholding Company
Sector: Urban Development and Investments

United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to the growth of the State of Qatar and providing good shareholder value.

Established in 1999, the Company was listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 18.7 billion on 31 December 2024. 

From day one, the Company actively contributed to the development of the State of Qatar, rapidly evolving into a leading Qatari Public Shareholding Company and successfully establishing a group of various good performing investments.

Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of experience and detailed knowledge in real estate development, property management, hospitality and maritime, district cooling, and infrastructure and utilities.

As part of its five-year business plan, UDC is leveraging its leading market position to achieve sustainable financial performance and maintain profitability targets by focusing on the core business activities and investing in new and viable real estate developments.
 
UDC’s flagship project is The Pearl Island, an urban mixed-use, man-made island and one of the largest real estate developments in the Gulf.
 
UDC has recently completed the development of Gewan Island, located adjacent to The Pearl Island, transforming it into the Company’s latest world-class residential, commercial, and entertainment project. This development holds the potential to become a magnificent destination that will contribute to UDC’s future growth.

Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities.

As part of its five-year business plan (2019 - 2023), UDC is leveraging its leading market position to achieve sustainable financial performance and maintain profitability targets by focusing on the core business activities and investing in new and viable real-estate developments.

UDC’s flagship project is The Pearl Island, an urban mixed-use, man-made island development. Located 350 meters offshore of Doha’s prestigious West Bay District, The Pearl Island is one of the largest real-estate developments in the Gulf.

UDC is also in the process of developing Gewan Island located adjacent to The Pearl Island, into the Company’s latest world class residential, commercial and entertainment project. This development has the potential of becoming a magnificent destination that will maintain UDC’s future growth.

The Pearl Island

The Pearl Island is one of the largest real-estate developments in the Middle East. It sits on four million sqm of reclaimed land and has been created over 32 km of new coastline with expected 25,000 dwellings and 52,000 current residents.

The integrated and sustainable Island incorporates a variety of distinct features including apartments, villas, townhouses, penthouses, diverse entertainment facilities, in addition to an award-winning marina and beautiful, serene beaches.

The Island is divided into ten architecturally distinct and themed precincts that house various property types including studios, one to three-bedroom apartments, in addition to villas and low-rise buildings, carefully planned pedestrian-friendly squares and plazas, and a wide range of landscaped gardens.

More than 400 retail shops are currently operational on the Island and include popular fashion brands, coffee shops, restaurants and other lifestyle offerings occupying more than 200,000 sqm of leased retail and office spaces.

Gewan Island

Gewan Island, UDC’s latest real-estate project, is a man-made Island situated next to The Pearl Island, spanning 400,000 sqm. The Island is home to 657 residential units, including 586 apartments, 18 standalone villas managed by Corinthia Hotel, 21 beachfront villas with private beach, 26 waterfront villas that are equipped with private pontoons for private boats, and six independent island mansions, in addition to 11,000 sqm of retail spaces and 15 multi-use buildings.

The Island, which derives its name from the full-round, pink-tinted and perfectly shaped pearl, a symbol of Qatar’s maritime heritage, is designed to attract those seeking an urbane and vibrant international lifestyle.

Gewan Island features the five-star ‘Corinthia Gewan Island Qatar’ hotel with a connected golf course and beach club, as well as an air conditioned outdoor ‘Crystal Walk’ and seaside Promenade, parks and green areas. The Island is also home to entertainment facilities, a clubhouse, and a mosque.

The Island’s design incorporates a number of sustainability features to reduce the use of vehicles and encourage walking and biking through dedicated pedestrian and cycling networks. The Island is also designed to reduce urban heat by incorporating green roofs, shading, and reflective surfaces.

Quick Facts:

• Smart and sustainable features
• Amenity-rich mix of residential, retail and leisure districts
• Longest climatized retail walk
• Climatized seaside promenade
• Total residential units: 657
• Total residents: 3,500