United Real Estate Company Wins “Best Luxury Mixed-Use Development” for Hessah District by Luxury Lifestyle Awards

Oct 29 , 2023

Kuwait City by URC | Press Release

United Real Estate Company K.S.C.P (URC), the real estate arm of KIPCO Group and a leading real estate developer and investor in Kuwait and the MENA region, won the prestigious 15th Annual Luxury Lifestyle Awards for 2023 in the category of “Best Luxury Mixed-Use Development” for Hessah District in Kuwait. Luxury Lifestyle Awards is a global award selecting, recognizing, celebrating and promoting the best luxury goods and services all over the world.

The Luxury Lifestyle Awards' recognition of URC’s achievements underscores the company's position as a leader in the luxury real estate sector. As URC continues to shape Kuwait's urban landscape, it stands as a shining example of innovation and excellence in the industry. Luxury Lifestyle Awards is committed to selecting outstanding projects across various industrial sectors based on very precise global standards, where winners are determined through a comprehensive research based on category and region.

The Lifestyle Luxury Award recognizes URC’s project's exceptional design, outstanding facilities, and the unique lifestyle it offers to our residents and visitors.

Commenting on the award, Mr. Mazen Hawwa, URC Vice-Chairman and Group Chief Executive Officer, said: "We are delighted to receive this prestigious award in recognition of our exceptional achievements in the real estate sector in Kuwait. This further solidifies URC's reputation as a trusted national developer dedicated to creating distinctive destinations through which we reinvent new lifestyles that are human-centered, with unparalleled levels of comfort, luxury, and excellence in design and construction quality."

Mr. Hawa added, saying, "URC has remarkable accomplishments in projects distinguished by their exceptional quality and unique sophistication. Today, Hessah District stands as a testament to our dedication to constructing communities that are inclusive and environmentally sustainable, setting new standards for well-being in both residential and professional environments. We firmly believe in the transformative potential of architecture and design, which can shape not only spaces, but also people's lives.”

Hessah District is the latest addition to the portfolio of URC. It is the first and only of its kind in Kuwait, and it is a true reflection of the country's vision for 2035, "New Kuwait." Hessah District is located in the heart of the city and overlooks the Arabian Gulf. Therefore, the district is characterized by its strategic location, as it can be easily accessed via four main roads.

Hessah District also includes residential buildings, hotel apartments, offices, medical clinics, health clubs, commercial spaces, and retail facilities, in addition to restaurants and cafes. This makes it a vibrant destination that is closest to various regions of the country, near and far.

It is worth mentioning that the residential units in "Hessah Towers" are scheduled for handover to their owners by the conclusion of 2023.

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 30 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