URC Wins Eight Prestigious Accolades at Arabian Property Awards 2022-2023

Nov 17 , 2022

Hessah District, the first-ever comprehensive, mixed-use district in Kuwait, recognized for the highest standard of excellence for its community-creating architecture and design

Kuwait City by URC | Press Release

United Real Estate Company (URC), a leading real estate developer in Kuwait and the MENA region, received “Best for Kuwait” awards in eight categories at the Arabian Property Awards 2022-2023 for its “Hessah District” project. The level of Awards was revealed at the official presentations and announcements on Thursday 6th October 2022 during IPA’s award ceremony that was held at the Habtoor Grand Resort, Dubai.

Now in its 29th year, the Arabian Property Awards, part of the International Property Awards (IPAs), presented URC’s Hessah District with “Best Mixed-Use Architecture” and “Best Mixed-Use Development” followed by the “Best Apartment/Condominium” for Kuwait with Byout Hessah and Hessah Towers respectively. The honors continued as Hessah Plaza received the “Best Leisure Development” along with the Hessah Work receiving the “Best Office Development” and Hessah Hub receiving the “Best Retail Development”. Additionally, recognizing the brand’s pursuit of ensuring a premium digital experience, the property’s dedicated site www.hessah.com was awarded “Best Developer Website” for Kuwait.

Mr. Hawwa and URC’s team at the Arabian Property Awards held in Dubai

Out of the 8 categories in which URC won awards, 7 have been upgraded to a 5-star category, including “Best Mixed-Use Architecture” and “Best Mixed-Use Development” for Hessah District as a whole, “Best Office Development” for Hessah Work, “Best Leisure Development” for Hessah Plaza, “Best Retail Development” for Hessah Hub, “Best Apartment/Condominium” for Byout Hessah, and “Best Developer Website” for www.hessah.com. Of these, the last 6 were nominated to compete regionally for the ‘Best for Arabia’ awards, hence, the awards ceremony will take place in February 2023 at the Savoy, London, where the winners will be announced.

Judged by an independent panel of over 80 industry experts, the Arabian Property Awards focus on design, quality, service, innovation, originality and commitment to sustainability and cover 48 different residential and commercial categories.

This is URC’s second consecutive year at the Arabian Property Awards. Last year, the company won “Best Residential High-Rise Architecture” and “Best Residential High-Rise Development” for Hessah Towers, and “Best Architecture Multiple Resident” for Byout Hessah, as well as awards for the St Regis Marrakech Resort and the Assoufid Development in Morocco.

Commenting on winning the awards, Mr. Mazen Issam Hawwa, URC Vice-Chairman & Group Chief Executive Officer, stated: “We are honored to be the recipient of eight more prestigious awards this year, which reaffirms our consistent commitment to the highest standards of quality and design-led approach while embracing innovation within the architecture and interiors of our developments. The recognition further reinforces URC’s commitment to build more connected communities that enhance and improve lifestyles.”

Mr. Mazen Issam Hawwa
URC Vice-Chairman & Group Chief Executive Officer

Arch. Mishary Al Muhailan
Chief Development Officer at URC

Mr. Hawwa added: “The vision is to be one of the key development drivers of the Kuwaiti economy, by introducing projects that pave the way for higher quality lifestyle spaces, engagements, experiences and community wellbeing. In addition to creating innovative opportunities to deliver a promising future for our stakeholders.”.

During his presentation at the awards ceremony, Arch. Mishary Al Muhailan, Chief Development Officer at URC, said: “URC has always been known since the seventies for its distinguished projects, and here it is today, continues to succeed by winning a number of prestigious awards. We are always keen on participating in pioneering awards that enhance the values of creativity, innovation and competitiveness in developing projects that are in line with Kuwait's 2035 vision “New Kuwait”.

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 KD 612.2 million (US$ 2 Billion) as of 30 September 2021. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.
URC primarily operates through several 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 such as 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 3674

F (+965) 2244 1003