UDC posts net profit of QR137m, revenues of QR1.1bn in H1

25/07/2025 01:49 AST

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 first half (H1) of 2025, reporting revenues of QR1.1bn and a net profit of QR137m. Net profit attributable to equity shareholders stood at QR147m, with basic earnings per share reaching QR0.042

UDC maintained its strategic focus on operational efficiency, community engagement, and sustainable value creation.

Progress continued at Corinthia Hotel Gewan Island, advancing as one of Qatar's premier luxury hospitality destinations. The Pearl Island upheld strong residential and retail occupancy, while Gewan Island gained global attention for integrating upscale living with recreational offerings.

Notably, Gewan Island earned three Guinness World Records: Largest Outdoor Lighting Canopy, Largest Outdoor Air-Conditioning System, and Largest Pneumatic Waste Collection System.

Retail and commercial spaces across both islands continued to attract robust demand from investors and top-tier brands. UDC also enhanced its global profile by participating in international real estate forums, including MIPIM, promoting its residential development portfolio and investment potential.

In line with its corporate social responsibility goals, UDC launched several community initiatives. This included support for the Autism Families Platform and the launch of the first community-recognized Autism House at The Pearl Island. Public wellness programs and family events further deepened community engagement.

UDC reaffirmed its alignment with Qatar National Vision 2030 and ESG best practices through tangible sustainability achievements.

These efforts earned UDC eight global sustainability awards, including: Green World Champion in Energy Management, Gold Award for Smart Sustainability Application (Qanat Quartier BMS - GCC level), Outlook and Corporate Profile.

With a balanced approach to financial discipline, innovation, and community investment, UDC is well-positioned for long-term growth and shareholder value.

Founded in 1999 and listed on the Qatar Stock Exchange since 2003, UDC has an authorized share capital of QR3.5bn and total assets of QR18.2bn as of 30 June 2025. Its operations span real estate development, infrastructure, property management, and hospitality.

The Peninsula