Kuwait City
by URC | Press Release
United Real Estate Company (URC),
the Real Estate arm of KIPCO Group, has announced that Hessah District is
officially coming to life, with the gradual handover of its residential units
to their owners — a process that began in July of last year.
As one of Kuwait’s first projects
to introduce a modern model for integrated urban community living, Hessah
District embodies principles of well-being, connectivity, and modern design,
setting a new benchmark in the country’s Real Estate sector.
Commenting on this milestone, Mr.
Mazen Hawwa, Vice Chairman and Group CEO, stated: “Hessah District, with its
diverse residential and commercial components, stands as one of the most
significant examples of progressive urban development in Kuwait. This project
reflects our commitment to building sustainable, modern communities that address
the evolving needs of both individuals and the local culture.”
Mr. Hawwa emphasized that the
company remains dedicated to offering an exceptional living experience through
advanced technologies and premium amenities, positioning Hessah Towers and Byout
Hessah as Kuwait’s smartest residential buildings.
Adding to this, Ms. Lujain
Al-Saleh, Chief Sales and Marketing Officer at URC, highlighted: “The success
of Hessah District is evident as residents begin moving into their homes. The
project’s towers and townhouses are surrounded by a vibrant mix of commercial
activities, including retail shops, cafes, restaurants, serviced apartments,
medical clinics, and offices — soon transforming the District into a lively,
dynamic hub.”
The two outstanding Hessah Towers elegantly soar 40 stories above
the Kuwait City skyline, offering a refined selection of three-bedroom
apartments, townhouses, and duplexes; all thoughtfully designed to elevate the
experience of modern, luxurious urban living in Kuwait.
Byout Hessah comprises 40 luxury
townhouses and two 12-floor residential buildings with 104 upscale apartments, including
7 exclusive penthouses, set amidst landscaped surroundings and conveniently
located next to Hessah District’s retail & dining Plaza and other
commercial components.
Residents of Hessah Towers and Byout
Hessah enjoy a wide range of state-of-the-art facilities, including fitness
centers equipped with the latest technology, swimming pools for adults and
children, and dedicated indoor and outdoor recreational spaces.
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
675 million (US$ 2.2 Billion) as of 31 March 2025. Headquartered 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
VP - Corporate Communication –
United Real Estate Company
T (+965) 2295 3671
F (+965) 2244 1003
s.alkhulaqi@urc.com.kw