United Development Company (UDC) has taken a major step to strengthen its property development portfolio. This move demonstrates the company’s commitment to expanding its presence in Qatar’s real estate market.
On November 25, 2025, UDC held its Extraordinary General Assembly Meeting at The Oyster Building on The Pearl Island. Mr. Ahmed Bin Ali Al Hammadi, UDC’s Chairman, chaired the session. Board members, representatives from the Ministry of Commerce and Industry, external auditors Ernst & Young, and shareholders attended.
The assembly began by approving the meeting agenda. Subsequently, it approved UDC’s acquisition of the ‘Perlita Villas’ project on The Pearl Island for QAR 625 million. Following this decision, the company will develop the project. Consequently, this move reflects its strategy to diversify revenue streams and strengthen its property development portfolio.
In addition, the assembly approved amending Article (3) of UDC’s Articles of Association. As a result, the amendment expands company activities to include residential and commercial property development. Furthermore, experts noted it aligns with market trends and provides flexibility for future growth.
The meeting concluded by granting the Chairman authority to execute necessary amendments according to legal procedures. Officials emphasized that these decisions will support sustainable growth and enhance long-term shareholder value.
Founded in 1999 and listed on the Qatar Stock Exchange in 2003, UDC has an authorized share capital of QAR 3.5 billion. Total assets reached QAR 18.5 billion as of September 30, 2025. The company operates across sectors including real estate, property management, infrastructure, district cooling, marine businesses, and hospitality.
Observers highlighted that the Perlita Villas acquisition strengthens UDC’s portfolio at a time of rising demand for high-quality residential and commercial developments in Qatar. Moreover, the move underscores UDC’s focus on sustainable urban growth and diversified property development investments.
Looking ahead, UDC will integrate the Perlita Villas project into its ongoing strategy. The company will focus on quality construction, innovative design, and creating value for investors. Officials said the acquisition will reinforce Qatar’s real estate market while delivering long-term shareholder benefits.
Through strategic acquisitions, governance updates, and sector diversification, UDC continues to lead Qatar’s property development sector. The Perlita Villas project is expected to enhance the company’s market position and contribute to sustainable urban development.
