Kuwait Real Estate News
Kuwait plans mega projects worth billions in next four years
Kuwait plans to adopt US$100bn plan to develop mega projects over the next four years.
Call for change in property assessment standards
Real estate assessment in Kuwait should be based on real standards developed on the basis of scientific and realistic ground, and the prices should not be manipulated depending on activities of private companies facing technical problems with their budgets, warned real estate and economy experts in Kuwait.
Kuwaiti real estate firms operating abroad to return home
Kuwaiti real estate companies are scattered across several countries in the world, as they seek more profitable and safer opportunities.
2009- Year of revival for Kuwait property sector
There has been a revival in Kuwait property sector towards the end of this year, particularly in new housing localities, a real estate expert in Kuwait commented.
Abyaar Real Estate records KD5mn net profit
Kuwait-based Abyaar Real Estate Development Company has recorded profit worth KD5mn during the first nine months of 2009, with earnings per share of 6.
Boubyan Island development nears completion
The Bobyan Island development dream has now come closer to reality with the announcement of completion around the corner.
No limitations for holding property exhibitions
There should be no limitations for holding real estate exhibitions in at least two months a year, announced Rashid Al-Tabtabai, the Undersecretary of the Ministry of Commerce and Industry.
KFH participates in the ongoing Kuwait property expo
Kuwait Finance House (KFH) is one of the participants at the ongoing Kuwait International Real Estate Exhibition organized by Top Expo Group, together with the Kuwait International Exhibition Company.
Kuwait tops realty investors in UK
Kuwait currently tops the list of investors in UK, revealed the Minister of Finance, Mustafa Al-Shamali.
Reports offer contradictory views on status of Kuwait realty market
Ever-since the government placed restriction in 2008, banning private firms from purchasing existing property in Kuwait, the real estate sector in Kuwait has suffered drawbacks.
Kuwait plans 70,000 new housing units by 2015
The Deputy Prime Minister for Economic Affairs and Minister of State for Development and Housing Affairs, Sheikh Ahmad Fahad Al-Sabah revealed that Kuwait plans to offer about 70,000 housing units towards the year 2015.
Kuwait reports lessening property demand in Q3 2009
Demand for properties dropped during the third quarter this year, in comparison to the same period last year, said a report by Al-Mutakhasses Real Estate Company.
Al-Mazaya confirms participation in Cityscape Dubai 2009
Leading Kuwait-based real estate company, Al-Mazaya Holding, has confirmed its participation in the forthcoming Cityscape Dubai 2009 Exhibition, due to be held between 5th and 8th October 2009 at the Dubai International Convention and Exhibition Center.
Property sales rise in Kuwait for first time this year
Property sales in Kuwait have grown 8 percent in August 2009, the first increase this year, official figures showed.
Residential prices in Kuwait bound to rise by year-end
Prices of houses in Kuwait are likely to level off, and may even increase towards the year-end, revealed a new report about the real estate market in the country.
