Thursday , October 19 2017

Tag Archives: Real estate

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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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 …

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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. …

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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 …

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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 …

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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 …

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Buying, selling real estate secure job despite hiccups – ‘Rent like obedient son’

Real-estate is the most secure investment with fixed or almost-fixed returns. It is described as a ‘haven’ for those who seek secure or low-risk investments. Real estate, whether commercial, investment or residential or of any other purpose, gives the investor value for the asset and good returns, which is why …

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MoCI to monitor unreal real estate trading

KUWAIT CITY, Aug 23, (KUNA): Ministry of Commerce and Industry (MoCI) has formed a committee to supervise the phenomenon of unreal real estate sale by brokers recently in Kuwait. Assistant Undersecretary of the Ministry of Commerce and Industry for Technical Affairs and Trade Development Abdullah Saqer Al-Enezi said in an …

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