Doha: United Development Co. reported the interim financial statement of QR 73.135 million for the three months ending Mar. 31, 2026. The results were marginally higher compared to the QR72.372 million reported during the same period last year. Earnings per share were QR 0.021 for the first quarter of 2026.

According to Qatar News Agency, UDC Chairman HE Ahmed bin Ali Al Hammadi commented on these results, stating that UDC's performance in the first quarter reflects the consistency of their long-term strategy and a disciplined approach to value creation. He emphasized the company's continued efforts in advancing Gewan Island as a fully integrated destination, enhancing its appeal through a carefully curated mix of residential, retail, and leisure offerings. Additionally, he noted the reinforcement of infrastructure and long-term positioning of The Pearl Island.

For his part, UDC President and CEO Yasser Salah Al Jaidah stated that the first-quarter results reflected solid operational performance across the company's portfolio. He mentioned that demand across their residential and retail offerings remains healthy, supported by steady progress across key developments on both The Pearl and Gewan Islands.