Wednesday , March 21 2018

Tag Archives: Real estate

15 construction sector firms to declare bankruptcy soon

MoCI receives 13 requests for liquidation KUWAIT CITY, March 5: The construction sector is facing several problems, mainly weak credit, fewer projects and failure in completing vital projects, which have in turn led to major losses for some projects. These problems have led to entrusting these projects to big foreign …

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‘Reducing number of expats to have serious effect on real estate’

Shortage of workers tied to MoSAL’s decision KUWAIT CITY, Feb 13: Real estate expert Abdul-Aziz Al- Dughaishem is of the view that reducing the number of expatriate workers will have serious repercussions on real estate activities in general, reports Al- Jarida daily. Al-Dughaishem added the policy will raise the cost …

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Departure of expatriates seriously affects real estate market: Ghanem

Kuwaitization policy, hike in service charges blamed KUWAIT CITY, Feb 3: Secretary of Kuwait Real Estate Association Qais Al-Ghanem affirmed that the real estate market in the country has been seriously affected by the departure of expatriates, indicating that they had warned about this crisis last year, reports Al-Rai daily. …

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Al-Melham rules out possibility of crisis affecting Kuwait real-estate due to expats

KUWAIT CITY, Jan 8: CEO of Blue Print Shareholding Company Meshal Al-Melham ruled out the possibility of a crisis affecting the real-estate sector in Kuwait due to the recent decisions related to expatriates, reports Al-Rai daily. He said the market will adapt to the consequences quickly, affirming that the matter …

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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 …

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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 …

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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 …

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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 …

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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 …

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