Friday , December 15 2017

Tag Archives: Real estate

Kuwait real estate activity picks up in Oct

Improvement in real estate activity continues apace as sales posted strong growth figures and prices remained relatively stable. Total real estate sales grew an impressive 46% year-on-year (y/y) in October, the highest monthly growth since June 2014, reaching KD 216.9 million, on revived activity in the commercial sector as well …

Read More »

No pressure from traders on real estate market, affirms Al-Ghanim

‘Ministry will protect citizens from falling prey to fraud’ KUWAIT CITY, Oct 24: Secretary General of Kuwait Real Estate Union Qais Al-Ghanim affirmed that there is no pressure from traders on the real estate market, and that the controller of the market continues to be demand and supply only, reports …

Read More »

Al-Tunsy Real Estate offers high quality projects in Turkey and UK – Part of new strategy for next 3 years

KUWAIT CITY, Oct 9: Al-Tunsy Real- Estate Group held a press conference yesterday during which the signing of a cooperation protocol with Baitak Real Estate Services Company (Sarajevo), which unveiled its new strategy for the coming years, which includes the development and marketing of a variety of real estate projects …

Read More »

Sales total KD 1.5bn in Aug, down 5.4% y/y

Real estate activity remained relatively stable in August. Seasonality pulled the monthly sales figure down slightly to KD 154.5 million. Sales across all sectors totaled KD 1.5 billion year-to-date (ytd), down 5.4% from the same period last year. The residential sector was particularly strong in 2017, compensating for the subdued …

Read More »

Hunt on for real-estate cheats

Kuwait Municipality has announced the activation of the role of emergency inspection teams in the municipality branches of all governorates to identify the real-estates that are in violation of the constructional regulations, reports Al-Rai daily quoting an informed source. He revealed that the number of complaints received by the municipality …

Read More »

Construction slowdown forces firms to cut number of workers

KUWAIT CITY, July 3: Recession has hit hard on the construction market due to suspension or completion of a number of construction projects including bridges as well as due to the snails’ pace in the distribution of housing which has caused the prices of construction materials to fall by 15 …

Read More »

Promotion of ‘flats’ by building owners rapped – ‘Real estate fetching good rates’

KUWAIT CITY, March 27: Secretary General of Kuwait Real Estate Association Qais Al-Ghanim has denounced the manner in which some building owners are promoting their flats lately and obliging tenants to pay six months rent in advance in order to benefit from discount while signing the contract, reports Al-Rai daily. …

Read More »

Kuwaitis heavily invested in Dubai real estate sector in 2016: report – Kuwait’s local realty sales reach KD 2.55 bln last year

DUBAI, Jan 14, (KUNA): Some $544 million in Kuwaiti money was invested in Dubai’s real estate sector in 2016, said a report Saturday. A report by Dubai Land Department revealed that there were about 770 Kuwaiti investors in 2016, coming in third place GCC-wise behind their counterparts from Saudi Arabia …

Read More »

Real estate prices slide over low oil rate

KUWAIT CITY, Nov 7, (KUNA): Real estate price in Kuwait have remarkably plummeted due to the continuing dip in international oil prices, a commerce offi cial said Monday. Speaking to reporters while opening Kuwait International Real Estate Fair held on Nov 7-12, Assistant Undersecretary of the Ministry of Commerce and …

Read More »

Legal actions to be taken against violators of property marketing rules

KUWAIT CITY, Oct 17, (KUNA): Undersecretary of Commerce and Industry Ministry Khaled Al-Shimali has warned that the ministry would not condone any breach to real estate exhibitions’ regulations. The ministry is monitoring the companies which market properties inside or outside Kuwait to make sure they abide by the relevant advertising …

Read More »
Translate »