Kuwait Real Estate News
Kuwaiti realty sector droops under poor weather conditions
Kuwait has been witnessing bad weather last month, which has had a negative impact and constituted a real crisis for the real estate business in the country, reports The Kuwait Times.
Kuwaiti firm plans to sell a property in The World
Oqyana, an affiliate of Islamic company, Investment Dar, plans to enter into deals to sell property in a major Dubai project by the end of the year.
Slump in Kuwait realty sector attributed to overpriced properties
According to a local property firm, Al-Mutakhasses, the recent fall that Kuwait property sector is facing, is due to the fact that buyers are being priced out of market values.
Real estate sales plummets in Kuwait
Following a steep hike in March, the real estate sales in Kuwait witnessed a drop in April.
Kuwait realty market picks up pace in March
According to the recently issued economic report on the monthly statistics of registered real estate contracts in Kuwait by the Ministry of Justice, the National Bank of Kuwait (NBK) is said to have reported that the real estate sales in Kuwait rebounded in March after a sharp decline during the previous month.
Al-Hamra project will give Kuwait a unique identity
Al Hamra Real Estate Company in Kuwait, which is currently constructing Al-Hamra complex, has announced the official inauguration of its Customer Relations Center (CRC).
Demand for residential units may touch 100,000 by 2010
The instability of the geopolitical situation in the region, together with the sudden drop in oil prices, could pose a threat to Kuwait real estate sector, reported the Kuwait Financial Center in their real estate report.
500 properties of 20 countries displayed at Kuwait Property Expo
The Kuwait International Property Show, inaugurated by Rashid Al-Tabtabaie, the Undersecretary of Commerce and Industry, has placed the participants with an opportunity to view and invest in more than 500 properties from 20 different countries.
GCC investors interested in off-plan property purchase
Nearly nine out of ten investors who intend to purchase a property in the GCC admit that they would buy off-plan, reveals the findings of Property Survey 2008 by ArabianBusiness.
Kuwaiti Citizens co-operates with government to remove illegal structures
Numerous citizens in Kuwait, willingly demolished 97 percent of the 200 illegal structures in various areas in Kuwait, reports KUNA.
Real Estate activities in Kuwait continue to drop
The real estate sales activity in Kuwait continues to decline, falling to its lowest in February, during the past eleven months, reported an economic briefing by the National Bank of Kuwait (NBK) on Monday.
Best Architecture Award for Kuwait’s iconic waterfront Al-Kout
Iconic Waterfront project, Fahaheel (Al-Kout), developed by Tamdeen Real Estate Company, has been awarded as the best architecture project.
Kuwait to soften land ownership rules
With an intention to diversify its economy from the oil sector, and attract greater investments and boost sale of state firms, Kuwait plans to ease land ownership rules so as to prepare for the post-oil era, said a top government body.
Kuwait property sales likely to drop in 2008
The real estate sales in Kuwait touched 15 percent year-on-year during most of February, indicates the government data, despite measures planned by the state to cut down its property prices, which was believed to be a major cause for inflation.
Hydra to develop mega realty project in Kuwait through joint-venture
Hydra Properties Real Estate Company of UAE has entered into a joint venture with Tassameem Real Estate Company and Al-Aqeelah Leasing, Financing & Investment Company in Kuwait, to develop a resort city, Khairan, a mega real estate project of Kuwait.
