Kuwait Real Estate News
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.
Realty projects in Kuwait are worth total of US$114bn
A study conducted for the Cityscape Dubai examines the impact of economic slowdown on 3000 major regional projects, worth US$1.
Kuwait property market sees surge in transactions
The real estate transactions in Kuwait underwent a remarkable surge during the second quarter of the year, with few investors and companies grabbing the potential real estate investment opportunities.
Kuwait real estate market stable
Kuwait Finance House (KFH) said that although real estate market was stable during second quarter of 2009, buyers and investors have been cautious.
New Committee to streamline Kuwait real estate market
The Minister of Commerce and Industry, Ahmad Rashed Al-Haroun, has passed a ministerial resolution this week to establish a Planning and Development Committee for looking into real estate issues.
