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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 of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 19.4 billion at 31 December 2020.

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-Qatar, an urban mixed-use, man-made island development. Located 350 meters offshore of Doha’s prestigious West Bay District, The Pearl-Qatar 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-Qatar 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.

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The Pearl-Qatar

The Pearl-Qatar is one of the largest real-estate developments in the Middle East that sits on 4 million m2 of reclaimed land and located 350 meters offshore of Doha’s prestigious West Bay District. The integrated and sustainable Island, which won the 2018-2019 “Best Mixed-use Development” award at the prestigious Arabian Property Awards, features Mediterranean-style, award winning marinas with upmarket residential towers, villas and a multitude of amenities and lifestyle privileges. These include diverse leisure and entertainment facilities.

The Island, divided into 10 architecturally distinct and themed precincts, offers residents and visitors modern Mediterranean dwelling, a family destination featuring various studios and 1- to 3-bedroom apartments, carefully planned and intricate canals and pedestrian friendly squares and plazas, family-oriented beachfront community, and villas and low-rise building plots with a wide range of landscaped gardens. More than 350 retail brands are currently operational on the Island and include popular fashion brands, coffee shops, restaurants and other lifestyle products occupying more than 115,000 m2 of leased retail space. The Pearl-Qatar has created over 32 km of new coastline for use as a residential estate with an expected 25,000 dwellings and 50,000 residents by the end of 2021.

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Gewan Island

Gewan Island, UDC’s latest real-estate project, is situated next to The Pearl-Qatar, 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.

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