The company has an authorized share capital of US$294m and a market capitalization of US$902m. Over the last three years, UDC was the major player in the creation of the wholly owned The Pearl-Qatar, a multi-billion dollar rediscovered island spanning over an area of nearly 4-million square metres. The development has been UDC’s flagship project, standing out in the region’s crowded real estate sector. Creating over 32km of new coastline, The Pearl-Qatar will be home to over 40,000 residents in more than 15,000 dwellings within 13 inspiring precincts by 2011.