[3] Founded in 1999 as an urban development and investment company, in June 2003, it became listed in the Qatar Stock Exchange under the symbol: QE: UDCD.QA.
[6] In the same year, UDC witnessed an increase in residential and retail leasing business at their main real estate development, The Pearl Island.
[7] This was due to the fact that the man-made island, located 350 meters offshore of Doha's West Bay District,[8] had seen an increase in the number of rented residential properties & leased retails areas during the first half of 2018.
[11] It is a mixed-used development that spans 4.12 million sqm of reclaimed land with 32 km of coastline, and an estimated construction cost of $14 billion.
[15] In April 2018, at an international real estate investment event, UDC signed contracts for the development of a new project called Gewan Island.