The Pearl Qatar Co O.m.c.

What The Pearl Qatar Co O.m.c. does

The Pearl Qatar Co O.m.c. (operating as The Pearl Island) is the entity that manages The Pearl Island, a master-planned mixed-use man-made island development located 350 meters offshore of Doha's West Bay District in Qatar. The development spans 4 million square meters of reclaimed land with 32 kilometers of coastline, organized into eight themed precincts (Porto Arabia, Qanat Quartier, Medina Centrale, Floresta Gardens, Viva Bahriya, Costa Malaz, Giardino Gardens, and Crystal Residence on adjacent Gewan Island), and accommodates an estimated 25,000 residences within a community of 52,000 residents. The entity is a subsidiary of United Development Company (UDC), a publicly listed Qatari shareholding company on the Qatar Exchange since June 2003.

The company generates revenue across four streams: (1) one-time residential property sales across studios, apartments, townhouses, penthouses, and villas (with Crystal Residence units priced QAR 1.83M–QAR 4.43M); (2) recurring residential leasing (studios from QAR 7,700/month to 6-bedroom villas at QAR 37,000/month); (3) recurring retail and commercial leasing to over 100 outlets including luxury automotive brands (Ferrari, Bentley, Rolls Royce), jewelers (Al Majed, Alfardan), banks (QNB), and entertainment anchors (Novo Cinemas); and (4) hospitality and entertainment revenue through venues such as Novo Cinemas (12 screens, 1,500+ seats) and Megapolis/Minipolis. Go-to-market combines direct sales/leasing teams with a channel-partner network of regional real estate agencies (Alford Hughes, Better Homes, Mirage Property), supported by an official website, iOS/Android mobile applications, and active social media presence.

Underlying infrastructure includes an island-wide property management system, a community services registry (Khadamati), biodiversity mapping, and a dedicated events platform. The entity shares brand identity with UDC's parent-level operations and functions as the operational vehicle for both The Pearl Island and the adjacent Gewan Island development, which is positioned as the company's next major growth project. The customer base spans high-net-worth residential buyers/tenants, SMB retail tenants, and enterprise commercial tenants, with marketing executed through a digital-first, mixed online-and-physical strategy.

Name

The Pearl Qatar Co O.m.c.

Legal name

The Pearl Island O.M.C.

Website

https://thepearlqatar.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Pearl Qatar Co O.m.c. operates The Pearl Island, a 4 million sqm master-planned mixed-use man-made island off Doha. The company manages residential property sales and leasing, retail and commercial leasing across 100+ outlets, and entertainment venues serving 52,000 residents and commercial tenants.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Traveler Accommodation (7211), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate (6500), Real Estate Agents & Managers (For Others) (6531), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Private Islands & Exclusive-Use Compounds (THAMAEAF)

akta.pro secondary industries

Ultra-Luxury Villas & Estates (THAMAEAA), Villas & Luxury Estates (THAMAAAC), Luxury Villas & Residences Resorts (THAGACAM)

Keywords

• Mixed-use real estate
• Property leasing
• Island development
• Commercial real estate
• Residential properties

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development & Sales: UDC develops and sells residential and commercial properties on The Pearl Island. Properties include apartments, villas, townhouses, and penthouses across multiple precincts.
2. Property Leasing: Residential and commercial leasing operations generating recurring rental income. Properties listed for rent range from studios to 6-bedroom villas.
3. Retail & Commercial Tenant Leasing: The island hosts over 100 retail outlets, restaurants, cafes, and service providers paying rent for commercial spaces.
4. Hospitality & Entertainment: The development includes entertainment destinations like Novo Cinemas (12 screens, 1,500+ seats), Megapolis/Minipolis, and various dining establishments.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

The Pearl Island O.M.C. develops, manages, and operates The Pearl Island, a four-million-square-meter master-planned mixed-use man-made island off the coast of Doha, Qatar. The company develops, sells, and leases residential real estate (apartments, villas, townhouses, penthouses, studios) across multiple Mediterranean-inspired precincts, leases commercial space to over 100 retail, dining, and entertainment tenants, and operates on-island entertainment destinations including Novo Cinemas (12 screens, 1,500+ seats) and Megapolis/Minipolis indoor entertainment.

Product overview

The Pearl Qatar is a premier mixed-use man-made island development operated by The Pearl Island O.M.C., a subsidiary of United Development Company (UDC). The offering consists of a single unified destination combining residential properties (apartments, villas, townhouses across precincts like Medina Centrale, Porto Arabia, Qanat Quartier, Floresta Gardens, and Viva Bahriya), a retail shopping directory featuring fashion boutiques, jewelry stores, and specialty shops, a dining & cafes directory with international cuisine options, and entertainment venues including Novo Cinemas and Megapolis indoor entertainment. The platform also provides access to community services through its mobile application (iOS/Android), residential sales & leasing services, and retail leasing inquiries. UDC is simultaneously developing Gewan Island as an adjacent world-class residential, commercial, and entertainment project.

Differentiator

Problem solved

Functional benefit

Brands

• Medina Centrale: A town square precinct inspired by the charming ambience of the Mediterranean.
• Porto Arabia
• Qanat Quartier
• Viva Bahriya
• Floresta Gardens
• Giardino Gardens
• Crystal Residence - Gewan Island
• Costa Malaz

Products and services

• The Pearl Island Residential Properties (Sale & Lease) Sale and lease of luxury residential properties (apartments, villas, townhouses, penthouses, and studios) across multiple Mediterranean-inspired precincts of The Pearl Island. Available units range from studios (QAR 7,700/month rental) to 5-bedroom villas (QAR 37,000/month rental); accommodates an estimated 25,000 residences with a thriving community of 52,000 residents. For-sale inventory targets individual consumers and investors seeking premium waterfront living.
• Crystal Residence - Gewan Island Residential Sales Residential property sales at Crystal Residence on the adjacent Gewan Island, with 1-bedroom units from QAR 1,830,105; 2-bedroom units from QAR 3,015,000; and 3-bedroom plus maid units from QAR 4,430,608. Aimed at individual residential buyers and investors looking for luxury off-plan and newly developed property adjacent to The Pearl Island.
• Retail and Commercial Leasing on The Pearl Island Commercial leasing services for retail, F&B, banking, automotive, and service space across The Pearl Island's precincts. Tenant acquisition handled through a dedicated retail leasing team ([email protected]). Anchor and brand tenants include Ferrari, Bentley Qatar, Rolls Royce, Qatar National Bank, Alfardan Jewellery, Al Majed Jewellery, and United International School / Orbital Education. Aimed at national and international brands seeking premium commercial presence.
• Novo Cinemas Entertainment Venue An on-island cinema entertainment offering located in the Medina Centrale precinct, providing 12 state-of-the-art screens with 1,500+ seats. Operated as one of The Pearl Island's anchor entertainment destinations serving residents and visitors with premium movie-going experiences.
• Megapolis / Minipolis Indoor Entertainment A comprehensive indoor entertainment and family attraction at The Pearl Island offering high-tech games, arcades, gigantic cartoon characters, and colorful interiors. Positioned as a leisure and entertainment draw serving residents and visitors to The Pearl Island.

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• United Development Company (UDC)coreOthers · 1 January 1999UDC is the parent company and master developer of The Pearl Island. Established in 1999 and first listed on Qatar Exchange in June 2003, UDC identifies and invests in long-term projects contributing to Qatar's growth. The Pearl Island is UDC's flagship project. UDC is also developing Gewan Island adjacent to The Pearl Island.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aldar Properties: Abu Dhabi-based developer of large island and mixed-use destinations including Yas Island and Saadiyat Island. Comparable as a Gulf master-developer monetizing residential, retail, leisure, and hospitality on purpose-built islands.
• Meraas: Dubai-based developer of coastal and island destinations such as Bluewaters Island, La Mer, and The Beach. Comparable for the combination of reclaimed/waterfront land, mixed-use precincts, and curated retail and F&B tenancy.
• Nakheel: Master developer of Palm Jumeirah, The World Islands, and other reclaimed luxury island/mixed-use communities in Dubai. Most directly comparable peer as a Gulf-based, master-planned, reclaimed-land luxury residential and retail district of comparable scale.
• Qatari Diar: State-backed Qatari real-estate developer behind Lusail City and other master-planned communities. Most direct domestic peer, operating adjacent to The Pearl in scale, sovereign ownership profile, and mixed-use ambition.

Emerging players

• Red Sea Global (RSG): Saudi developer of luxury regenerative tourism destinations including The Red Sea and AMAALA. Comparable island/coastal destination-development model with integrated hospitality, residential, and retail components.
• DAMAC Properties: Dubai-listed luxury residential developer focused on branded villas, apartments, and master communities. Comparable premium customer target and luxury product positioning, though more weighted to sales of branded residences than mixed-use destinations.
• Diriyah Gate Development Authority: Saudi state-backed developer of Diriyah Gate, a heritage-led mixed-use city destination. Comparable as a large-scale, government-aligned master plan combining residential, retail, dining, and cultural/entertainment anchors.

Regional players

• Muscat Bay / Omran: Oman Tourism Development Company (Omran) and associated master-planned coastal communities such as Muscat Bay and Yiti. Comparable as a regional GCC coastal luxury master-development integrating residences, hospitality, and marina/retail assets.
• Miral: Abu Dhabi-based curator and developer of Yas Island's destination portfolio (Ferrari World, Warner Bros., Yas Plaza hotels). Comparable as an island-scale leisure, retail, and residential destination operator with marquee entertainment tenants.

Broad incumbents

• Emaar Properties: UAE's largest listed developer with flagship mixed-use districts (Downtown Dubai, Dubai Creek Harbour, Dubai Hills Estate). Comparable scale and luxury positioning, though broader/diversified across multiple master-planned cities rather than a single island.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ThePearlQatar
• YouTubeyoutube.com/user/ThePearlQtr
• Facebookfacebook.com/thepearlqatar
• Instagraminstagram.com/thepearlqatar

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Pearl Qatar Co O.m.c.