Kuwait Real Estate News
Kuwait property market likely to see huge supplies
The Kuwaiti property market could witness high supply in near future, says the Chairman of a Kuwaiti property Company.
High property prices driving Kuwaitis to seek greener pastures abroad
Increasing property prices and mounting inflation has compelled middle-class citizens in Kuwait to look for real estate investment opportunities outside the country, reports KUNA.
Kuwait to allot 44,000 land plots to citizens
About 44,000 land plots in Kuwait will be allotted before launching infrastructure works in new areas over the coming two years, revealed the Director, General Ali Al-Fouzan, of the Public Authority for Housing Care (PAHC).
Six land plots available for distribution to private school owners
The six land plots that were allocated to the Ministry of Education about 30 years ago are now ready to be distributed to owners of private schools, as the Education Ministry no longer requires these plots.
Kuwait plans new housing projects
The Public Authority for Housing Welfare is planning 23 new projects in Kuwait, worth KD225million, revealed Faisal Al-Khalaf, the Acting General Manager of the Authority.
Kuwait Expo to display latest building technologies
The Kuwait Smart Buildings Expo, to be held between 17th and 19th March 2008 at the Courtyard Marriott Hotel, will include the cutting-edge building technology solutions by BT Applied Technology (BTAT).
Kuwait land prices highest in the world
The Price of land in Kuwait is the highest in the world, reports Kuwait Times.
Kuwait realty sector has huge growth potential
The Kuwait Financial Center, Markaz, in its real estate report mentioned that it anticipates a huge growth potential in real estate and construction sectors in Kuwait, backed by the strong economic growth induced by rising oil prices.
The City of Silk
The glamour of mega-projects in Dubai is also spreading to other GCC countries.
Al-Madina to sell 58 residences during realty fair
The Al-Madina Real Estate Development Company, a fully-owned subsidiary of Al-Madina Finance and Investment Company, revealed that it will market 58 residences as a part of second and third phases of the Al-Madina Marine Villas in Al-Khairan City.
Industrial plots much in demand in Kuwait
The real estate market in Kuwait is witnessing huge demand for large industrial plots and buildings which are unsuitable for residing coupled by extraordinarily high rates, revealed a real estate expert.
Kuwaiti Cabinet discusses the housing issue
The weekly session of the Kuwait Cabinet discussed recent legislative amendments required for the Housing Law, in an effort to counter money laundering, said the Prime Minister, who was on an Arab tour.
Kuwait to build City of Silk worth $77bn
The State of Kuwait plans to build a major new city, drawing inspiration from the Silk Road, which, it hopes, will turn out to be a global trade and tourist attraction.
Housing sector of Kuwait remains unstable
The housing sector in Kuwait has witnessed instability in demand and supply, anticipating a new law, that aims to prevent increase in prices of housing, revealed an expert.
Upward trend noticed in Kuwait realty market in 2007
According a special economic report, the Kuwait property marked has continued to maintain its upward trend during 2007, and recorded KD4.
