Net Profit of QAR 137 Million and Revenues of QAR 1.1 Billion

Doha, Qatar – 23 July 2025: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, has announced its financial results for the second quarter of 2025, reporting revenues of QAR 1.1 billion and a net profit of QAR 137 million. Net profit attributable to equity shareholders stood at QAR 147 million, with basic earnings per share reaching QAR 0.04.

Throughout the first half, UDC maintained its strategic focus on operational efficiency, community engagement, and delivering long-term sustainable value.

Progress Across Projects and Hospitality Expansion

UDC’s hospitality assets witnessed notable progress, particularly at Corinthia hotel - Gewan Island, which is poised to become one of Qatar’s premier luxury hospitality destinations. Meanwhile, The Pearl Island retained its status as a vibrant residential, commercial, and leisure hub, with high occupancy levels across residential and retail units, and continued growth in leasing activity.

Commercial Growth and Rising Investment Interest

Retail and commercial spaces across The Pearl and Gewan Islands continued to attract strong interest from investors and both local and international brands, further strengthening UDC’s position as a fully integrated destination for living and business. UDC also participated in several international real estate exhibitions and forums to promote its investment portfolio and build strategic partnerships.

Ongoing Commitment to Social Responsibility

During the quarter, UDC expanded its corporate social responsibility efforts through impactful community initiatives. These included strategic support for the Autism Families Platform with the launch of the first community-recognized Autism House at The Pearl Island, as well as continued backing for health initiatives and public awareness campaigns, including family festivals and wellness programs.

A Vision for Sustainable Urban Development

United Development Company (UDC) remains firmly committed to developing smart and sustainable urban destinations in alignment with Qatar National Vision 2030 and ESG (Environmental, Social, and Governance) standards. This commitment yielded tangible results in Q2, including the release of the fourth edition of UDC’s Sustainability Report, which received a performance rating of 94% - the highest score since the company began publishing these reports in 2021.

UDC has also integrated ESG-related risks into its Enterprise Risk Management system and enhanced the transparency of Board-level disclosures, thereby reinforcing investors and community trust. On the environmental front, the company achieved an 8.46% reduction in carbon emissions by 2024, surpassing its interim target of 7.2% and staying ahead of schedule toward achieving a 12% reduction by 2026.

In terms of community engagement, UDC recorded a 93% community satisfaction rate and continued to invest in innovative initiatives, including festivals, public events, and environmental campaigns. The company also earned eight prestigious international awards, including the “Green World Champion” title in Energy Management—a global recognition of its achievements—and the Gold Award for Best Smart Application in Sustainability for its Qanat Quartier BMS project at the GCC level.

From a practical environmental perspective, UDC has saved 1.7 billion kilowatt-hours of energy, eliminated 950 million kilograms of CO₂ emissions, achieved a 37% waste recycling rate, and filtered over 2.5 billion liters of seawater using innovative Seabin surface-cleaning systems. A second materiality assessment is planned for completion by 2026 to further support UDC’s green development strategy and reinforce its regional leadership in sustainable real estate.

By balancing financial discipline, innovation, and community investment, UDC continues to strengthen its position for long-term growth and sustainable returns to shareholders.
Founded in 1999 and listed on the Qatar Stock Exchange since 2003, UDC has an authorized share capital of QAR 3.5 billion and total assets of QAR 18.2 billion as of 30 June 2025. Its operations span key sectors including real estate development, infrastructure, property management, and hospitality.