Kuwait Real Estate News
Kuwait property sector sees major growth in Feb 09
The real estate sales in Kuwait witnessed a sharp increase in February this year, following a major decline the previous month, reported the National Bank of Kuwait.
Gulf property markets facing tough times
The Commercial and real estate market in the Gulf are under severe pressure, given, the tight liquidity, lesser demand, and loss of consumer confidence.
Rentals plunge during the first quarter of 2009 in Kuwait
During the first quarter of 2009, the property sector in Kuwait has witnessed a period of instability during the first quarter of 2009, says a leading expert in Kuwait.
Kuwait records decline in property sales in Feb 09
Property sales in Kuwait plunged 35 percent in February, marking the eleventh straight month of decline, as per the data released last week.
Kuwait ready to handle plunge in property prices
According to a report by the National Bank of Kuwait (NBK) last month, real estate property sales showed a retreat in January 2009.
Property sales drops 60 percent in Kuwait
Real estate sales in Kuwait, dropped nearly 60 percent last month, witnessing the tenth month of decline, following government-imposed property restrictions in tackling inflation, revealed official data.
Volume of property sales dip in Kuwait
According to the report by the National Bank of Kuwait (NBK), real estate sales volume dropped in December, following strong activity during the previous month.
Dancing Tower - new $160mn real estate project
The Al-Shahed Real Estate Company has announced that a real estate project, worth $160million, will be initiated in Kuwait City.
Kuwait realty sector hit by global financial turmoil, and laws
The real estate sector in Kuwait has borne the negative impact of several factors, including laws and the world economic crisis, revealed a report by the Kuwait Finance House (KFH) on Wednesday.
Al-Hamra skyscraper project draws considerable attention from investors
The highest skyscraper project in Kuwait, the Al-Hamra skyscraper, plans promotion and leasing of plots this year, revealed an executive this year.
Kuwait property sector to recover from recession by mid-2009
According to a leading economist in Kuwait, the real estate sector in Kuwait will recover from its current slouch by mid-2009.
More job losses underway in Kuwait
One of the major local financial services firm has laid off some 40 to 80 employees, revealed the Union Head of Bank Workers in Kuwait.
Kuwait lacks foreign investments due to land restrictions
Despite its oil wealth and strategic location, Kuwait was able to attract only $123m foreign direct investment, which happens to be the lowest for a Middle Eastern country, except for the Palestinian territories, revealed the World Investment Report by United Nations 2008.
Kuwait Property Sector records highest growth earnings
Amidst the growing fears of global economic recession, the earning releases for the third quarter of this year of companies listed on Kuwait Stock Exchange (KSE) kept pouring in, with the deadline for providing financial statements fast approaching.
Abyaar confident about real estate sector in the region
The real estate sector in the region is safe and most stable for several capitals, despite the present financial crisis, said Marzooq Al Rashdan, the Vice President and Managing Director of Abyaar, when speaking about the real estate market in the region.
