United Development Company (UDC)

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 first listed on the Qatar Exchange in June 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 19.7 billion as at 30 September 2021.

From day one, the Company actively contributing in the development of the State of Qatar, rapidly evolving into a leading Qatari public shareholding company and has successfully established 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 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 4 million sqm of reclaimed land and has been created over 32 km of new coastline with expected 25,000 dwellings and 50,000 residents by the end of 2021.

The integrated and sustainable Island, which won the 2020 “Best Mixed-use Development” award at the prestigious Arabian Property Awards, 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 10 architecturally distinct and themed precincts that house various property types including studios, 1 to 3-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 350 retail shops are currently operational on the Island and include popular fashion brands, coffee shops, restaurants and other lifestyle offerings occupying more than 135,000 sqm of leased retail spaces.

Gewan Island

Gewan Island, UDC’s latest real-estate project, is situated next to The Pearl Island, spanning 400,000 sqm. Once completed, the Island will accommodate 3,500 residents and a similar number of daily visitors. Gewan Island will be home to 586 apartments, 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. Gewan Island will also feature a golf course with the five-star ‘Corinthia Gewan Island Qatar’ hotel and connected beach club, an air conditioned outdoor ‘Crystal Walkway, a seaside Promenade, parks and green areas. The Island will also be home to entertainment facilities, a clubhouse and a mosque.