Monday , October 23 2017

Tag Archives: rent

Egyptian Real estate broker steals monthly rent

KUWAIT CITY, Oct 2: A Kuwaiti citizen lodged a complaint at Hawally Police Station against an Egyptian real estate broker with whom he has an agreement to run his property, as the latter disappeared after collecting KD 7,000 of monthly rents, reports Al-Rai daily. According to a security source, the …

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Tenant ordered to vacate shop, pay remaining rent – ‘Pay ex-wife alimony’ Woman wins divorce

KUWAIT CITY, Sept 28: The Court of First Instance presided over by Judge Khaled Al-Rukaibi ordered a tenant to vacate a shop he is renting from the owner and pay the latter KD 2,500 for using the premises due to non-payment of the agreed rent amount. Lawyer Mohammad Khalil Al- …

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Remarkable decline in rent seen

KUWAIT CITY, Sept 23: Tariq Al-Saqabi, Vice-Chairman and Chief Executive Officer of the Combined Global Real Estate Co, said: “The local real estate market (rent) is witnessing a remarkable decline, especially in terms of investment and housing under pressure from the Central Bank, reports Al-Seyassah daily. Al-Saqabi added the decline in …

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‘Grandma rich’ Expenses cut

KUWAIT CITY, July 17: The Family Court revoked the rent expenses that were being paid to a woman who was given custody of her grandchildren after the children’s mother married a foreigner. Lawyer Mubarak Al-Khashab sued the grandmother on behalf of his client, the father of the children. He explained …

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Rent of apartments in Kuwait sees sharp decrease: survey

KUWAIT CITY, July 6: According to an investigative report conducted by the daily, rents of apartments in Kuwait have dropped by up to KD 100 in various areas depending on several factors related to the location and type of the apartment. In this regard, the Secretary General of Real Estate …

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Young entrepreneurs suffering from rent hike

KUWAIT CITY, June 29: Chairman of the Kuwaiti Association for Small and Medium Enterprises Daoud Marafie disclosed that young entrepreneurs are suffering from increasing rents, as about 60 percent of their total expenditures are rents, reports Al-Qabas daily. Marafie stressed that the Kuwaiti market is hungry for light industries and …

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Number of empty apartments increases from 20,000 to 37,000

KUWAIT CITY, May 30: With the fast-approaching summer and holiday seasons, the number of empty investment apartments in most parts of the country has been skyrocketing. Statistics reveal that this number, since the beginning of the year, has increased by 17,000 and many new buildings will enter the market shortly. …

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3,000 citizens receiving rent allowances unlawfully

Only 60 pc of state officials have disclosed their financials KUWAIT CITY, May 2: According to officials from the Kuwait Anti-Corruption Authority, the deadline for the disclosure of financial status by the concerned state officials is May 14. So far about 60 percent of these officials have disclosed their financials …

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MPs submit draft bill to solve housing issue, set rent ceiling

KUWAIT CITY, April 19: Housing has been a thorny issue for a long time and for MP Omar Al-Tabtabaei this is one of the most serious problems in the country because it has not only caused ripples at the social level but led to increase in divorce cases. To add …

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