Monday , October 15 2018

Tag Archives: Real estate

Value of real estate properties not changed since beginning of fiscal yr

KUWAIT CITY, Oct 14: Official figures released by the Ministry of Finance revealed that the value of real estate properties of the State has not changed since the beginning of the current fiscal year – KD 12.82 billion, while the cost of damages to these properties reached KD 153.39 million, …

Read More »

New real estate fraud surfaces in Gulf

KUWAIT CITY, Oct 14: A new real estate fraud case has surface and the number of victims is believed to be 1,000 from various Gulf countries who are said to have paid a whopping sum of $180 million to buy property in European and Arab countries, reports Al-Anba daily. The …

Read More »

Construction ongoing of 700 industrial buildings

KUWAIT CITY, Oct 9: Construction of 700 industrial buildings in Shadadiya and Salmi will be completed by the end of 2019 or beginning of 2020, reports Al-Anba daily quoting informed sources. They said the announcement about this project constitutes a big strategic challenge for Ministry of Commerce and Industry as …

Read More »

Real estate transactions in July totalled KD 548 million

KUWAIT CITY, Oct 1, (KUNA): Kuwait Finance House (KFH) said that real estate developments in July amounted to about KD 548 million (some USD 1.8 billion), supported by remarkable activity in all real estate sectors. “The number of real estate transactions increased significantly to 744 in July and real estate …

Read More »

Assima partners with Alghanim Industries & Sky Zone

Project sees 56% rise in leasing spaces KUWAIT CITY, Sept 26: Salhia Real Estate Company K.S.C has announced that its subsidiary, Assima Real Estate Company, has signed new partnership contracts for Assima project across several categories, including the leading entertainment brand ‘Sky Zone’ by Tamdeen Entertainment, and multibrands owner Alghanim …

Read More »

Mortgage law urgently required for real-estate sector: Alghanim

National Assembly approval needed KUWAIT CITY, Sept 12: Secretary of Real Estate Association Qais Alghanim says the mortgage law is urgently required for the real estate sector, stressed that the Kuwait Credit Bank will not be able to provide the required loans especially after the distribution of large number of …

Read More »

A law allows some expats to own one real estate property

Ninety monitors to ‘follow up’ on implementation of CSC decisions KUWAIT CITY, Sept 1: The Civil Service Commission (CSC) is getting ready to designate 90 monitors to the employment affairs departments in different public institutions and ministries to follow up implementation of the decisions and regulations of CSC, reports Al-Rai …

Read More »

Real estate firm chief caught in cash fraud – 7 years jail for blogger

KUWAIT CITY, Sept 1 : The Misdemeanor Court sentenced the board chairman of a big real estate company to six months in prison for swindling a female citizen to the tune of KD 50,000. The Public Prosecution charged the suspect with deceiving the woman, using his capacity as head and …

Read More »

International ‘Property Rights Index’ shows Kuwait taking last place in the Gulf

UAE first among Arab countries KUWAIT CITY, Aug 27: The most recent International Property Rights Index showed Kuwait taking the last place in the Gulf, 9th in the Middle East and North Africa, and 62nd in the world in terms of property rights by registering 5.490 points, with an increase …

Read More »

‘Departure of expats have no negative impact on real estate market’

KUWAIT CITY, Aug 18: A number of real estate experts affirmed that the recent departure of a large number of expatriates from the country did not negatively impact the real estate market, clarifying that the inflation witnessed in 2014 is the main reason behind the collapse of the sector, reports …

Read More »
Translate »
Social media & sharing icons powered by UltimatelySocial