Kuwait Real Estate News
Abyaar achieves 50 percent growth during first-half of 2007
Abyaar, a leading Kuwait-based real estate development company, recorded 50 percent growth in turnover during first half of this year, in comparison to the same period last year.
Skyscraper developers conceal the height of their building to remain atop
The increasing competition among international real estate companies for building skyscrapers has compelled the companies to place a lid on their ventures to stay ahead in the race.
Kuwait sees sharp decline in real estate activities during August: NBK
The month of August recorded a sharp decline in real estate sales activities in Kuwait, reaching their third lowest level this year, according to National Bank of Kuwait (NBK).
Global launches Ijarah Fund for real estate deals
Taking advantage of the Middle East and North Africa (MENA) property sector and the Islamic Financing Competences, the Global Investment House has announced the launch of Ijarah Fund, the Global Real Estate Fund, targeting potential investments and property deals in Kuwait, Bahrain, Tunis, Egypt and Morocco.
Kuwaitis record second-topmost buyers of land plots in Jordan
According to an economic report released in Kuwait yesterday, about 462 land plots, worth 98million, were purchased by non-Jordanian investors, during the past nine months this year.
Kuwaiti Government allocates 1.6bn dinars for a mega-venture project
Speaking on the occasion of the Arab Housing Day, the Minister stated that the fund that has been kept aside would finance the construction of Saad Al-Abdullah City, Jaber Al-ahmad City and Sabah Al-ahmad City.
Al Zamil acquires second plot at Al Areem development
A Kuwait-based company, Al Zamil International Real Estate, acquired a second land plot at the Al Areem Development, which covers 23,000 square meters.
KEO International Consultants awarded for designing KIA Headquarters Building
The design entry made by KEO International Consultants for the prestigious Headquarters of the Kuwait Investment Authority (KIA), the investment arm of the Kuwait Government, has been chosen as the best design.
Kuwait probes the cause for hike in real estate prices
Kuwait has assured that it would investigate the cause behind the jump in real estate prices and housing costs, which has lead to worries about rising inflation among public.
Tameer Towers management contract awarded to Hills International
Tameer Holding, the largest real estate developers in the region, announced its project management contract award for the Tameer Towers development to Hill International.
Kuwait property market likely to drop in 2008: Housing Welfare
The Public Authority for Housing Welfare in Kuwait, stated that the investors in Kuwait property market, face a lot of hurdles, which prompts them to think about investing in neighbouring countries, where the investment environment is rather friendly.
Private Sectors should be involved in housing projects, says Minister
The State Minister for Housing Affairs, Abdelwahid Al-Awadhi, has announced that involving the private sector in housing projects in Kuwait will help in introducing a new pattern of residential units.
The United Tower – latest landmark in Kuwait
The 60 storey residential and commercial building in Kuwait City, the United Tower, which is currently under construction, will soon be recognized as one of the latest landmarks in Kuwait, apart from being the second tallest building in the country.
Kuwait-based MAS International to participate in the R&R Property Show
The Kuwait-based real estate marketing firm, MAS International Co.
Kuwait to implement low-budget houses towards the year end
About 35 companies in Kuwait have been considered eligible to compete for the tender to implement the low-budget Arabic houses project.
