Market: Qatar
Symbol: UDCD
Industry: Real Estate

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 20 billion on 31st December 2021.

From day one, the Company actively contributed 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.

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

UDC established a business model for synergistic growth, creating and operating a diverse portfolio of substantial related businesses that leverage off one another and generate sustainable earnings.

United Development Company, has added 11 accolades in the 2021 Arabian Property Awards.


Currency QAR
Previous Close 1.40
Change (%) 0.43
Volume 542,618
Number of Shares (mln) 3,541
Market Cap (mln) 4,940
Key Figures (QR‘000) 2019 2020 2021
Revenue 1,759,934 1,175,692 2,038,427
Gross profit 775,469 620,068 641,211
Operating profit 537,436 300,942 391,990
Profit for the year 458,105 264,924 355,614
Total assets 18,201,868 19,476,184 20,001,804
Total liabilities 6,962,319 8,154,405 8,927,400
Total equity 11,239,549 11,321,779 11,074,404
Net cash flows from operating activities 696,162 413,420 211,855
Net cash flows used in investing activities 117,943 (533,456) (845,136)
Net cash flows used in financing activities (785,901) 316,956 471,567
Basic and diluted earnings per share, QR 0.120 0.064 0.092