Kuwait City
by URC | Press Release
In a step that
confirms its commitment to delivering its development projects in a timely
manner, United Real Estate Company K.S.C.P (URC), the real estate arm of the
Kuwait Projects Company (KIPCO) and one of the largest real estate companies in
Kuwait and the MENA region, has begun the first phase of handing over the Hessah
Towers residential units to their owners. The handover process is expected to
conclude by the end of Q1 2024.
Located in the award-winning Hessah District, the launch of
this important milestone follows the completion of the water and sanitation
infrastructure and delivery of permanent electricity to the District’s main
power station by the responsible governmental bodies. The first stage of the
handover encompasses snagging and commissioning and involves the residential
unit owners visiting the towers to inspect and evaluate their units. In its
keenness to provide exemplary customer service and ensure the delivery of a
luxury product, URC will only begin the final delivery process after receiving each
client’s approval on the condition of their unit.
On this occasion, the Chief Property Management Officer, Engineer Abdullah Al Sultan, said: “As the date of handing over the
keys of the residential units to their owners approaches, I would like to
confirm that our responsibility towards our customers continues beyond the
sales stage, through a series of services that we will provide to residents in
order to enhance the standards of quality and excellence in our projects and deliver
added value. These include cleaning, security, maintenance, and many other integral
services.”
Engineer Al Sultan added: “The residential units in Hessah
Towers have witnessed a surge in demand, driven by several factors, the most
prominent of which are: the strategic location of the project and the
attractive environment for integrated living that combines housing, work, healthcare,
shopping, and entertainment. These units were developed with the aim of
improving the residential offering in Kuwait be providing a dynamic atmosphere
full of movement and life, driven by exclusive proximity to luxury shops,
restaurants, clinics, and offices. The integration of these modern facilities
in one district results in an ideal living experience that achieves the highest
standards of quality of life.”
Engineer Al Sultan concluded by saying: “Hessah Towers is
unique in its inclusion of smart technology and fiber-to-home connectivity that
sets a precedent for connected living, crowning it as the smartest residential
building in Kuwait. Indeed, we are confident that Hessah Towers will establish
new standards at the level of real estate development projects in the country.”
The hallmark project of the vibrant Hessah District, Hessah
Towers overlooks the Arabian Gulf and the Kuwait City skyline from its location
in the Capital Governorate. It consists of two identical 40-storey residential towers,
the tallest in the State of Kuwait, and houses 3-bedroom simplex and duplex
apartments. Each apartment boasts smart technology, fiber-to-the-home broadband
internet connectivity, floor to ceiling windows, and sweeping views of its
surroundings, making it a unique residential experience that redefines luxury
living by combining elegance with convenience.
Hessah Towers will offer a variety of private facilities and
services, including a fully equipped residents-only fitness centre which
encompasses a gym, a dedicated yoga zone, and swimming pool. Facilities also
include a multi-purpose hall, cafeteria, and living room. For lovers of outdoor
activities, there is a terrace garden and a designated barbecue area. Children’s
interests are also considered, with an indoor and outdoor play area and pool
designed for their use. The project will also be equipped with twenty-four-hour
security and concierge services, to protect and assist residents and their
interests. Multi-storey parking for residents and their guests, along with pick
up and drop-off points, completes the contemporary residential experience.
Further adding to its delivery of a luxury lifestyle to its
exclusive residents is its immediate proximity to various high-end commercial
activities, including stores, retail stores, restaurants, cafes, hotel
apartments, medical clinics, and commercial offices.
It is worth noting that the keys to the residential units
will begin to be handed over to the owners in a sequential manner during the
month of March 2024 after completing the necessary approvals to operate the
facility from the responsible government bodies.
About URC
United Real Estate
Company. K.S.C.P (URC) is one of the leading real estate developers in Kuwait
and the MENA region, with consolidated assets of Approx. KD 669 million (US$
2.2 Billion) as of 30th September 2023. Head quartered in Kuwait, URC was
founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.
URC primarily operates through a number of operating subsidiaries and
investment arms across the MENA region. URC's core business is real estate
development and operations and enjoys a diversified portfolio of assets that
include retail complexes, hotels, residential properties, and high-rise office
buildings.
URC’s operations extend to construction and contracting services, facility
management, and project management through its several subsidiaries. URC's
portfolio of assets is geographically spread throughout the MENA region and
includes Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens
Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in
Lebanon, Hilton Cairo Heliopolis & Waldorf Astoria Hotels, and Aswar
Residences in Egypt, and Assoufid development including a golf resort,
five-star hotel, and premium residences in Morocco.
URC is the real estate arm of its majority shareholder, Kuwait Projects
Company – Holding (KIPCO Group), a holding company that focuses on investments
in the Middle East and North Africa. It’s strategy of acquiring, building,
scaling and selling companies in the MENA region has worked successfully for
over 30 years. KIPCO’s main business sectors are financial services, media,
real estate, and industry. KIPCO’s financial service interests include holdings
in commercial banks, insurance companies, asset management, and investment
banking.
Contact Info
Salem Al Khulaqi
Communications Manager – Sales & Marketing
United Real Estate Company
T (+965) 2295 3671
F (+965) 2244 1003
s.alkhulaqi@urc.com.kw