Kuwait Real Estate News
Kuwait Property market needs streamlining
The Head of the Association of Real Estate Brokers, Mohammad Al-Hajri, while speaking to KUNA this week, mentioned that the Kuwait property market is full of chaos and needs streamlining.
Kuwait sees marginal drop in real estate sales
The National Bank of Kuwait (NBK), in its latest economic brief, reported that real estate sales in Kuwait had dropped down in December, following the modest growth witnessed during the month before.
Kuwait realty market witnesses a stagnating phase
The Chairman of Al-Mutakhasis Real Estate Company, Faraj Al-Khudhari, revealed that following an active period, the real estate sector in Kuwait, witnessed a period of relative calm and stagnation, leading to inflation.
Abu Dhabi, Kuwait aims to tackle rise in property prices
Abu Dhabi has lowered the capping on annual rent rises, while Kuwait has announced its intention to tackle rising property prices, as part of plans to address growing concern about inflation, across the Gulf Arab region.
Kuwaiti expert suggests option for banks in improving realty sector
A leading real estate expert in Kuwait has suggested that all banks can establish special departments for financing ventures in the realty sector.
Low-Budget housing in Kuwait makes way
Public Authority for Housing Welfare, together with Kuwait Municipality and the Kuwait Petroleum Company, has announced that a new site for building low-budget houses, would be available shortly.
KD25mn real estate facilities company established in Kuwait
A real estate facilities company has been established in Kuwait, with a capital of KD25 million, reports KUNA.
Kuwaiti Businessman signs KD55mn real estate deal
A Kuwaiti businessman, Saud Sahoud Al-Mutairi has entered into a KD55 million deal, with Al-Tamdin real estate company, to purchase its Al Fanar complex in Salmiya.
Indian Property Expo begins in Kuwait today
An All-India property exhibition will be conducted at the Ramada Hotel in Kuwait, during 11th and 12th January 2008, during which the biggest names in the Indian property market will be showcased.
Kuwaiti government blamed for undue delay in delivering homes
Citizens in Kuwait are enraged with the Kuwaiti government due to the undue delay in building of houses, which each male citizen is entitled to upon marriage, and are now clamoring for the same.
Al Mazaya highlights significance of investment in property portfolios
Al Mazaya Holding, a leading regional property developer, highlighted the vital role, played by property portfolios in driving the current real estate boom in the region, especially those in the GCC countries.
Kuwaiti property market will witness a boom in 2008
Kuwait is likely to witness a real estate boom during the current year, which would have a beneficial impact on the Kuwait economy, commented Faraj Al-Khudhari, Chairman of Al-Mutakhassis Real Estate, recently.
Kuwait property sales transactions register marked increase in November
Real Estate sales in Kuwait have picked up by 11 percent during November, in comparison to the previous month, touch 241mn worth sales transactions, reported the National Bank of Kuwait.
Kuwait Realty Sector considered safe and stable
The Kuwait real estate sector, which includes both commercial, housing and investment properties, has proved to be the safest and most stable one, all through the year.
Kuwaiti realty sector facing fake demand-supply threat
The fake supply and demand forces are posing a threat to Kuwaiti real estate market, by seeking swift gains, said a Kuwaiti company leader.
