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

DOHA: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, has anno...

DOHA: 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.