/ About URC/ عن العقارات المتحدة

We are Kuwait’s leading diversified real estate developer.

Our portfolio is a testament to our commitment to building spaces that excel in form and function.

URC, headquartered in Kuwait, was founded in 1973 and has been listed on the Kuwait Stock Exchange since 1984. With consolidated assets exceeding KD 651 million (US$2.12 billion) as of 2024, we continue to shape the skylines and future of the MENA region. Our profound dedication to enriching the lives of our customers, shareholders, and communities is evident in our approach to value creation.

Our investments go further. We develop properties that serve the local community. These properties create job opportunities, places for people to gather and connect, and innovative experiences grounded in a human-centric lens.

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/ Stats and Facts / أرقام وحقائق
$2.2B USD

in consolidated assets

50+ Years

of developing in Kuwait & MENA

350 Employees

throughout Kuwait & MENA

KSE-Listed

since 1984

6 Countries

with URC projects & presence

2.8M Sqm

of assets under development

Committed to the Future

Vision

The Future. Enhanced.

We envision a world where our communities serve as a platform for innovation, growth, and prosperity.

For over half a century, vertically integrated URC has enhanced communities in Kuwait and across the MENA region. We are dedicated to generating value and opportunity for all.

Grounded in a strong sense of respect and integrity, URC shapes the future through a forward-thinking and progressive approach. From sustainability and social responsibility to innovation and cutting-edge technology, URC transforms communities by providing superior quality building, exceptional services and solutions, and equitable economic growth.

A Half Century Building

For over fifty years, URC has shaped the future of Kuwait and the MENA region with innovative, community-driven developments.

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1973

United Realty Company (URC) is established by an Amiri Decree. United Building Company (UBC) is established in the same year.

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1975

URC’s portfolio comprises 15 projects in Kuwait and assets in Boston, USA.

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1976

Bibi Residential Complex is developed in Dai’ya, Kuwait.

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1978

Al Maseel Complex is developed in Kuwait City, Kuwait.

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1979

Al Mutahida Complex is developed in Kuwait City, Kuwait.

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1983

Anwar Al Sabah Residential Complex is developed in Kuwait City, Kuwait.

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1984

URC is listed on the Kuwait Stock Exchange. Al Rihab Commercial Complex is developed in Hawally, Kuwait.

Award-Winning Developments

2013

World Finance Construction Award for Salalah Gardens Mall

2013

World Finance Construction Award for Abdali Mall

2013-2014

Arabian Property Awards IPA Award for Raouche View at 1090

2013-2014

Arabian Property Awards IPA Award for KIPCO Tower

2014

World Golf Award: Morocco’s Best New Golf Course for Assoufid Marrakech

2021

IFA Award

2021

World Golf Award: Africa’s Best Golf Course and Morocco’s Best Golf Course for Assoufid Marrakech

2022–2023

Arabian Property Awards IPA Award for Hessah District

2023

Euromoney Award for Best Best Real Estate Developer in the Middle East

2023

Global Business Outlook Award for Most Innovative Community Developer

2023

International Business Magazine Award for Best CSR Company in Kuwait

2023

Luxury Lifestyle Award for Best Luxury Mixed-Use Development, Hessah District

2023

International Property Award for Best Apartment/Condominium, Hessah District

Environmental, Social & Governance

Committed to Community

URC’s robust Environmental, Social, & Governance (ESG) program is in line with the New Kuwait Vision 2035, which aims to create a lasting impact for Kuwait and its people. In 2023, International Business Magazine awarded us Best CSR Company in Real Estate—Kuwait and Global Business Outlook Most Innovative Community Developer in 2023.

Deeply rooted in the company’s corporate culture and values, corporate responsibility is woven into every project and interaction. Community is at the core of URC, playing a central in our diversity, development, and youth empowerment initiatives. The leadership behind URC is deeply committed to sustainable development. Environmental responsibility is integral to our business performance and our impact on the world. Our transparent approach to governance ensures ethical decisions and processes. URC is dedicated to operating with integrity and accountability in order to foster trust and long-lasting relationships.

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Subsidiaries

United Building Company (UBC)

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United Building Company K.S.C.C (UBC) is a fully owned construction and contracting arm of United Real Estate Company K.S.C.P (URC). Classified as a “first” grade contracting company since 1984, UBC has a long track record with several landmark projects in Kuwait. UBC currently has various projects under construction valued at approximately KD 189 million. In 2021, UBC was awarded various contracting projects from the private sector, including various infrastructure work in the Hessah AlMubarak District and Sabah Al-Ahmed Sea City.

United Building Company K.S.C.C (UBC) is a fully owned construction and contracting arm of United Real Estate Company K.S.C.P (URC). Classified as a “first” grade contracting company...

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United Facilities Management (UFM)

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United Facilities Management Company K.S.C.C (UFM), a subsidiary of United Real Estate Company K.S.C.P (URC), is one of the leading companies in the field of integrated property and facility management services. Established in 2008, UFM is the first company in Kuwait to offer comprehensive property and facility management and related consultancy services.

UFM offers facility management services from design to operations and serves government ministries and commercial establishments. The Company maintains several government complexes, residential towers, mixed-use complexes, and oil sector facilities. The Company’s portfolio includes commercial and residential real estate management services in several countries in the MENA region.

United Facilities Management Company K.S.C.C (UFM), a subsidiary of United Real Estate Company K.S.C.P (URC), is one of the leading companies in the field of integrated property…

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Gulf-Egypt for Hotels & Tourism

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Established in 1976, Gulf-Egypt for Hotels & Tourism (S.A.E) is an Egyptian-based subsidiary company held through Al Dhiyafa Holding Company K.S.C.C (DHC), which is owned by United Real Estate Company K.S.C.P (URC). The main purpose of the Company is the construction of hotels and touristic establishments, acquisition, and utilization thereof. The Company owns both Hilton Cairo Heliopolis & Waldorf Astoria Cairo Heliopolis, as well as land assets in Al Orouba and in Sharm El Sheikh, Egypt.

Established in 1976, Gulf-Egypt for Hotels & Tourism (S.A.E) is an Egyptian-based subsidiary company held through Al Dhiyafa Holding Company K.S.C.C (DHC), which is owned by United Real...

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Affiliates

SSH Design

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SSH is an affiliate of URC and is one of the region’s leading master planning, infrastructure, building design, construction supervision and project management firms in the Middle East, with a reputation for design integrity and a portfolio that includes landmark projects in the region. With more than 1,000 projects and ranked 3rd in the Middle East by World Architecture Magazine and amongst the top 100 Architects in the World, SSH currently employs over 1,300 people with offices in Abu Dhabi, Algeria, Bahrain, Dubai, Iraq, Kuwait, London, Oman, Qatar, Saudi Arabia and South Africa. Since 1961 and for more than 50 years, SSH has played a leading role in shaping the built environment and infrastructure of the modern Middle East.

SSH is an affiliate of URC and is one of the region’s leading master planning, infrastructure, building design, construction supervision and project management firms in the Middle East, with a ...

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Associates

Mena Homes Real Estate Company

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Mena Homes Real Estate Company K.S.C.C is a Kuwaiti closed shareholding company owned by United Real Estate Company K.S.C.P (URC) at a 35.7 % stake, along with other reputable KIPCO Group subsidiaries.

Mena Homes Real Estate Company acquired plots within Hessah AlMubarak District, the first-ever mixed-use district developed by the private sector in Kuwait, to develop a variety of components, including residential, serviced apartments, offices, health clinics, retail, and food & beverage, and a community hub. URC leads and manages Mena Homes Real Estate Company’s real estate investment portfolio and property development of Hessah AlMubarak District.

Mena Homes Real Estate Company K.S.C.C is a Kuwaiti closed shareholding company owned by United Real Estate Company K.S.C.P (URC) at a 35.7 % stake, along with other reputable...

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Assoufid Group

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Assoufid Group operates through several real estate and services entities for the Assoufid Development Project located in Marrakech, the Kingdom of Morocco. Assoufid Group is owned by Assoufid B.V. (ABV), a private company registered in the Netherlands. ABV is an associate of United Real Estate Company K.S.C.P (URC), in which URC owns a 49% stake in the Company and oversees the Group development and management.

Assoufid Group operates through several real estate and services entities for the Assoufid Development Project located in Marrakech, the Kingdom of Morocco. Assoufid Group is owned by...

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Regional Companies

United Real Estate Holding
for Financial Investments

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United Real Estate Holding for Financial Investments S.A.E., established in 2008 and owned by United Real Estate Company K.S.C.P (URC), is one of URC’s primary investment arms in Egypt. Headquartered in Cairo, United Real Estate Holding for Financial Investments supports URC’s operations and strategies in Egypt.

The company oversees planned activities and businesses, its regional portfolio of assets and real estate investments, and manages land bank assets and property development through project planning and supervision related to URC’s subsidiaries in Egypt, including Aswar Residences (owned by its subsidiary, Aswar United Real Estate Company S.A.) and Avaris (owned by its subsidiary, Manazel United for Real Estate Investment Company S.A.E).

United Real Estate Holding for Financial Investments S.A.E., established in 2008 and owned by United Real Estate Company K.S.C.P (URC), is one of URC’s primary investment arms in Egypt.

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United Real Estate Company
– Lebanon

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Established in 1975, United Real Estate Company Lebanon (Holding) is headquartered in Beirut and serves as one of the primary investment arms owned by United Real Estate Company (P.S.C.) in the Republic of Lebanon. United Real Estate Company Lebanon (Holding) oversees its subsidiaries in Lebanon, which include the Raouche View, renowned as one of Beirut's most luxurious residential complexes. Owned by United Real Estate Company, the building offers amenities rarely found in the city's upscale properties. Situated opposite the iconic Raouche Rocks, a natural landmark and tourist attraction in Beirut, the building comprises of 22 floors, spread across two interconnected towers, accommodating 40 apartments and 2 duplex penthouses. Additionally, the Bhamdoun Hotel and Mall, under the ownership of Bhamdoun United Real Estate Company, is renowned as one of the premier and most opulent establishments in the Mount Lebanon area.

Established in 1975, United Real Estate Company Lebanon (Holding) is headquartered in Beirut and serves as one of the primary investment arms owned by United Real Estate Company ...

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United Real Estate Company
– Jordan

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United Real Estate Company Jordan P.S.C (URC – Jordan), established in 2006 and owned by United Real Estate Company K.S.C.P (URC), is the investment arm of URC in the Kingdom of Jordan. Headquartered in Amman, URC Jordan embraces the corporate vision of enriching the local community through the development of landmark projects. Abdali Mall is one of the most acclaimed developments delivered by URC, and it is the premier retail and entertainment hub that has redefined the concept of shopping malls through its unique architecture and diverse tenant mix. Abdali Mall is also a stimulant to Jordan’s economy by contributing thousands of direct and indirect job opportunities to the workforce, which contributes to this vital industry.

United Real Estate Company Jordan P.S.C (URC – Jordan), established in 2006 and owned by United Real Estate Company K.S.C.P (URC), is the investment arm of URC in the Kingdom of …

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