United Development Company (UDC) is a Qatari public shareholding company listed on the Qatar Exchange. It is a leading real estate development company involved in several high-profile regional projects. UDC has been in operation for over 20 years, and during that time, it has established itself as a significant player in the real estate development industry.
Some notable projects that UDC has been in include The Pearl-Qatar. This artificial island is one of the most luxurious residential areas in the country, and Gewan Island is a mixed-use development that spans over 400,000 square meters. UDC has also been in several commercial projects, including the United Development Company Tower, a landmark building in the heart of Doha.
UDC’s success can be attributed to its commitment to quality and innovation. The company has a team of experts dedicated to ensuring that every project meets the best international standards. UDC also strongly emphasizes sustainability; all its projects are designed with the environment in mind.
Website: https://udcqatar.com/
Contact Information: 8006222
Company Overview
United Development Company (UDC) is a diversified company that specializes in the real estate development industry. Founded in 1999, UDC has become a leading real estate developer in Qatar and the Middle East. The company’s primary objective is to contribute and invest in environment-related projects and to provide high-quality real estate solutions to its clients.
Founding and Growth
UDC was founded in 1999 as a public shareholding company with a capital of QR 500 million. Since its inception, the company has witnessed remarkable growth and has become a significant player in Qatar’s real estate development industry. UDC’s growth is attributed to the growth of the state of Qatar, which has provided a favorable environment for business development and investment.
Business Plan and Objectives
UDC’s business plan and objectives center on providing its clients with high-quality real estate solutions. The company aims to develop and manage real estate projects that are innovative, sustainable, and of the highest quality. UDC’s real estate portfolio includes residential, commercial, and hospitality projects.
UDC Global Presence
UDC has a global presence, with its headquarters in Doha, Qatar. The company has several locations across the Middle East, Asia, and Europe. UDC Global, LLC, is a UDC subsidiary based in Southlake, Texas, in the United States. The company has over 254 followers on LinkedIn and has managed over $500 million in real estate development projects.
- UDC was founded in 1999 as a public shareholding company with a capital of QR 500 million.
- UDC has become a significant player in Qatar’s real estate development industry.
- UDC’s business plan and objectives are centered on providing high-quality real estate solutions.
- UDC has a global presence, with its headquarters in Doha, Qatar.
- UDC Global, LLC, is a UDC subsidiary based in Southlake, Texas, in the United States.
Investment and Shareholder Information
Authorized Share Capital
United Development Company (UDC) is a Qatari shareholding company that started in 1999. It was listed on the Qatar Exchange in June 2003. As of January 2024, the authorized share capital of UDC is QR 4,000,000,000 divided into 400,000,000 shares with a nominal value of QR 10 per share.
Shareholder Value and Dividends
UDC aims to identify and invest in long-term solutions that contribute to Qatar’s growth by providing good shareholder value. The company aims to achieve its profitability targets by successfully managing, buying, selling, developing, and redeveloping attractive real estate properties in targeted markets.
UDC is committed to providing its shareholders with a fair return on their investment. In 2021, UDC achieved a net profit of QR 356 million and revenues of QR 2 billion.
Stock Performance
UDC’s stock is listed on the Qatar Exchange and is traded under the ticker symbol UDCD. The company’s stock performance has been consistently strong, reflecting its commitment to delivering shareholder value.
Here are some critical points about UDC’s stock performance:
- As of January 2024, UDC’s stock price is QR 20.50 per share.
- The company’s stock has a 52-week high of QR 23.00 and a 52-week low of QR 18.00.
- UDC’s market capitalization as of January 2024 is QR 8.2 billion.
- The company’s stock has consistently outperformed the Qatar Exchange Index.
UDC is a leading Qatari public shareholding company that aims to provide good shareholder value through its long-term investment in real estate development. The company’s commitment to achieving profitability targets and consistently paying dividends to shareholders has resulted in strong stock performance over the years.
Key Developments and Projects
United Development Company has a strong track record of successful real estate developments in the industry. The company focuses on long-term projects that deliver lasting value to investors and communities. In this section, we will discuss some of the key developments and projects undertaken by United Development Company.
The Pearl-Qatar
The Pearl-Qatar is an artificial island spanning over 4 million square meters. It is one of Qatar’s most significant real estate developments and is a premier urban development project. The island features luxurious residential properties, commercial spaces, retail outlets, and entertainment venues. The project is a testament to United Development Company’s commitment to creating sustainable and vibrant communities.
Gewan Island
Gewan Island is another significant development project undertaken by the United Development Company. The island is located in the Lusail City development and spans over 400,000 square meters. The mixed-use development features residential properties, retail outlets, and commercial spaces. The island is an autonomous community focusing on sustainability and environmental friendliness. Gewan Island is a prime example of United Development Company’s expertise in developing large-scale real estate projects.
Future Growth Initiatives
United Development Company commits to pursuing future growth initiatives that will continue to drive the real estate industry forward. The company has a strong pipeline of projects, including developing new urban communities and commercial spaces. United Development Company’s focus on innovation and sustainability has positioned them as a leading developer in the industry, and they are well-positioned to continue driving growth in the future.
- The company focuses on long-term projects that deliver lasting value to investors and communities.
- United Development Company has expertise in value engineering that consistently allows its partners to achieve their development goals on or below budget.
- The Pearl-Qatar is an artificial island spanning over 4 million square meters and is one of Qatar’s most significant real estate developments.
- Gewan Island is a mixed-use development with residential properties, retail outlets, and commercial spaces.
- United Development Company has a strong pipeline of projects, including developing new urban communities and commercial spaces.
Strategic Business Units
United Development Company is a leading real estate development company with a diverse portfolio of strategic business units. These units are designed to cater to the unique needs of its clients and stakeholders. The company’s strategic business units include:
Hospitality and Leisure
United Development Company’s hospitality and leisure business unit is responsible for developing and managing high-end hotels, resorts, and leisure facilities. The company’s hospitality development company subsidiary is responsible for the development and management of some of the most iconic hotels and resorts in the region. The subsidiary commits to delivering world-class hospitality experiences that exceed its clients’ expectations.
Infrastructure and Utilities
United Development Company’s infrastructure and utilities business unit is responsible for developing and managing critical infrastructure and utilities projects. The Qatar district cooling company subsidiary is responsible for developing and managing district cooling projects in Qatar. The subsidiary commits to delivering sustainable and efficient district cooling solutions that meet the needs of its clients.
Residential and Commercial Properties
United Development Company’s residential and commercial properties business unit is responsible for developing and managing high-end residential and commercial properties. The company’s subsidiaries are responsible for the development and management of some of the most iconic residential and commercial properties in the region. The subsidiaries commit to delivering high-quality properties that meet the needs of their clients.
Here are some of the entities that United Development Company’s strategic business units cover where it is relevant:
- Subsidiaries: Hospitality Development Company, Qatar District Cooling Company
- Hospitality: Hotels, resorts, leisure facilities
- Utilities: District cooling
- Commercial: Commercial properties
- Residential: Residential properties
- Infrastructure: Critical infrastructure projects
- Property management: Property development and management
Sustainability and Community Engagement
United Development Company (UDC) commits to sustainable development and community engagement. This section will explore UDC’s sustainability and community engagement approach, including its ecological considerations and social contributions.
Environmental Considerations
UDC commits to reducing its environmental impact through sustainable business practices. The company has implemented several measures to reduce energy consumption and greenhouse gas emissions, including:
- Installing energy-efficient lighting and HVAC systems
- Integrating renewable energy, like solar power
- Implementing waste reduction and recycling programs
- Incorporating sustainable materials in construction and development projects
UDC’s commitment to sustainable development is reflected in its sustainable financial performance. The company has consistently achieved high ratings for its sustainability efforts, including among the world’s top 100 most sustainable corporations.
Social Contributions
UDC also commits to positively impacting the communities in which it operates. The company has implemented several initiatives to promote social responsibility, including:
- Supporting local businesses and suppliers
- Providing job opportunities and training programs for residents
- Investing in community development projects, such as parks and public spaces
UDC’s core business activities also contribute to the social and economic development of the communities in which it operates. The company’s real estate development projects provide housing, commercial space, and other amenities that enhance life for residents and visitors.
Qatar MLS
It is easy to notice how rapidly the Qatari real estate industry is rising, with new developments added annually. For this reason, the intelligent businessman and real estate professional Ahmed Elbatrawy decided to launch Qatar MLS, a subsidiary of Arab MLS, which will streamline property transactions, enhance property visibility, and make the real estate industry a fruitful experience for all involved. Click here to find out more.
Frequently Asked Questions
What real estate development projects did United Development Company develop in Qatar?
- United Development Company (UDC) is in various real estate development projects within Qatar, including residential, commercial, and hospitality properties.
- Some notable projects that UDC has completed include The Pearl-Qatar, Gewan Island, and Viva Bahriya.
How can one apply for a job at United Development Company?
- Interested individuals can apply for jobs at United Development Company through their website.
- Applicants must submit their CVs and other relevant documents through the online application system.
- UDC accepts applications from both local and international candidates.
Where is the headquarters of United Development Company located?
- United Development Company’s headquarters is in the city of Doha, Qatar.
- The company’s main office is in the UDC Tower, a landmark building in the West Bay area of the city.
What are some of the notable subsidiaries of United Development Company?
- United Development Company has several notable subsidiaries, including The Pearl-Qatar, Gewan Island, and United Facilities Management Company.
- The Pearl-Qatar is an artificial island with luxury residential properties, hotels, and retail spaces.
- Gewan Island is a new development project that includes residential properties, retail spaces, and recreational facilities.
- United Facilities Management Company provides comprehensive facilities management services to various clients in Qatar.
What career opportunities are available at United Development Company, and what are the qualifications?
- United Development Company offers a range of career opportunities in various fields, including real estate development, property management, marketing, and finance.
- The qualifications for each position vary depending on the job requirements and experience level.
- Interested candidates can find detailed job openings and qualifications on the UDC website.
