Kuwait Local Time

Kuwait Real Estate

The Kuwait real estate sector is witnessing an increase of positive energy that could not have come at a better time, as the Kuwait Government has entered into an ambitious twenty year plan to promote the tourism in the country. To add to this, the property sector has immensely benefited due to the announcement of the new regulation regarding Direct Foreign Capital Investment, which is bound to revolutionize the property sector. All these factors together indicate that the Kuwait real estate market which is already healthy is likely to boom further.

Kuwait Real Estate News

Exodus of Kuwait Expatriates likely to hit real estate sector

The real estate market in Kuwait has been serious affected due to the departure of expatriates, the Secretary of Kuwait Real Estate Association, Qais Al-Ghanem is reported to having affirmed.

Seasonal decline in sales noticed in Kuwait real estate market


The real estate market in Kuwait has seen a decline due to seasonal reasons and also partially due to global economic developments, according to the third quarter real estate report issued by Kuwait International Bank.

Property market softens second month in row


Sales across three main real estate sectors in Kuwait totalled to KD256mn in May this year, marking 28 percent decrease compared to previous year, a report by National Bank of Kuwait (NBK) said.

Property prices to dip during second half of 2015


Experts in local real estate market are of the opinion that second half of the year will see drop in prices due to recession during the summer season, apart from regional factors.

Tamdeen Group unveils $700mn waterfront resort-style apartment project


Leading mixed-use real estate developer, Tamdeen Group has unveiled plans to develop a waterfront resort-style apartment project, spanning 350,000 sqm worth $700million in Kuwait.

Kuwait to re-tender multi-billion airport project


Kuwait has announced plans that it may re-tender a multibillion dollar project to build a second terminal at its airport, and the new tender may include separate packages.

Inaugural edition of Cityscape Kuwait concludes successfully


The inaugural Cityscape Kuwait, the premier real estate development and investment event in Kuwait has been a major boost to real estate landscape in the country.

Ministry works to strictly curb bachelor accommodation in private residential areas


Necessary procedures would be initiated to stop the trend of accommodation of bachelors in private residential areas, and alternative solutions would be offered to residents of affected buildings, said Essa Al-Kandari, Minister of Communications and Municipality.

India Property Exhibition 2014 unveiled in Kuwait today


India Property Exhibition 2014 will be held on 19th and 20th September at Holiday Inn, Salmiya, Kuwait from 10.

Kuwait construction contracts to touch USD17bn by the year-end


The Big 5 Kuwait, the largest building and construction exhibition has announced dates for its second edition.

Kuwait property sector rebounds significantly


Property sales value in Kuwait hit record in April, breaking the KD400mn mark, as the sector rebounded and business sentiment improved.

Work on second phase of The Lobby project underway


Al Tijaria Real Estate Company has announced the commencement of second phase of its new project, The Lobby, in support of small businesses.

Property sales in Kuwait shows 22 percent yearly growth


The real estate data for the month of February 2014 shows a total of KD266mn worth sales, marking a 22 percent year-on-year increase, states the latest economic update by National Bank of Kuwait (NBK).

IIK Real Estate and Investment Exhibition 2014 proves successful


The recently concluded IIK Real Estate and Investment Exhibition 2014 saw huge visitor gathering, and was a success.

Kuwait International Property Show 2013 to concluded


Kuwait International Property Show (KIPS) held at the Kuwait International Fair Ground, Mishref Hall 8, concluded on 23 November 2013.

Kuwait property sales surges 44 percent month-on-month


Property sales surged 44 percent in Kuwait month-on-month this September to touch KD320mn, owing to strong response from residential and investment sector, said the latest report from National Bank of Kuwait (NBK).

Kuwait property sales touch 6-year high


Property sales in Kuwait registered a solid 72 percent growth year-on-year, marking a six-year high of KD426mn, a recent report said.

Property sales in Kuwait grow by 27 percent


The real estate sales in the month of June in Kuwait has grown by 27 percent year-on-year, so as to touch 339mn, and the growth in sales was across three major segments of the market, said the latest National Bank of Kuwait (NBK) report.

Landmark Group launches largest stores in Kuwait


The leading retail and hospitality conglomerate, the Landmark Group, has launched its largest Centrepoint and Home Centre stores in Kuwait.

Special permits must for partitioning residential plots


The municipal authorities in Kuwait have urged nationals and residents to be updated about the legal requirements and terms for renting and purchase of housing units in residential districts.