Tag Archives: Real estate

Real estate firm cheats clients of KD 200 mln

KUWAIT CITY, June 24: An unidentified real estate company cheated 1,950 clients to the tune of KD 200 million, reports Al-Qabas daily. An official document obtained by the daily indicated the company in question lured clients to invest in projects across Turkey, Germany, USA and Britain for 20, 28, 124 and …

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‘Rents’ increased by 100%

KUWAIT CITY, June 23: CBRE, a global real estate consultancy firm, has stated in its report that the rents of deluxe commercial real estate in Kuwait City have returned to the levels witnessed in 2008, which were the highest so far, reports Al-Qabas daily. According to the report, the monthly …

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Real estate market liquidity dips 12.9% in May

Listed companies’ Q1 earnings rise 6.2% to KD 562.2 million Local Real Estate Market – May 2018 The latest released data by the Ministry of Justice -Real Estate Registration and Authentications Department- (after excluding the crafts activity and the coastal strip system) indicate a decrease in real estate market liquidity …

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Kuwait’s real estate sales strong in Q1

Sales driven by higher volumes and rise in average deal size; home and land prices continue to ease KUWAIT CITY, June 11: The first quarter of 2018 saw a pick-up in real estate activity, driven in particular by strong sales in March. Sales reached KD 767 million in 1Q18, 45% …

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Ministry bans 15 real estate companies from exhibitions

KUWAIT CITY, June 5: The Ministry of Commerce and Industry has issued a decree banning for an indefinite period 15 real estate companies from participating in real estate exhibitions inside Kuwait. The ministry has also referred the files of these companies to the Money Laundering and Commercial Control department. The …

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Kuwaiti real estate investors duped by 2 Lebanese brothers

KUWAIT CITY, June 2: A new crisis is brewing in the local real estate market and this time the victims are the Kuwaiti real estate investors in Lebanon, particularly in the Baalbek Valley, reports Al-Rai daily. The daily quoting highly reliable sources said many investors purchased plots of land in …

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Over 3,000 Kuwaitis own 5,700 real estate units in Sharjah

Turkish FM hails Kuwait’s regional role ISTANBUL, May 12, (KUNA): Turkish Foreign Minister Mevlut Cavusoglu said on Saturday Kuwait is playing a great role in attaining regional peace and stability, touting its efforts in this regard as “constructive”. Addressing a forum of Arab journalists in Istanbul, the Turkish minister spoke …

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Tenants asked to quit house – Landlord plans demolition

KUWAIT CITY, May 8: The Court of First Instance has ordered two tenants to vacate a house and hand over the building to the new landlord who plans to demolish and reconstruct it. The court declared it is constitutional to evict tenants from a rented building except in two instances; …

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More empty apartment flats in Kuwait as expatriates dwindle

Factories to be obliged to conduct environmental studies: EPA KUWAIT CITY, May 5, (KUNA): There are currently 49,130 empty apartment flats in Kuwait and Economics and 26,466 others under construction, thus more than 75,000 units need to be “absorbed” by the domestic property market in 4-5 years, according to Kuwait …

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Court orders co to refund KD 111,000 to ‘property’ buyer

KUWAIT CITY, April 8: The Civil Circuit of the Court of First Instance has canceled a real-estate property sale, ordering the company that sold the property to refund KD 111,000 to the buyer and pay KD 5,001 as temporary civil compensation for the damages. The court also dismissed another claim …

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