KUWAIT CITY, Nov 8: Amidst the conflicting discussions circulating in the real estate sector regarding the anticipated return of real estate exhibitions to Kuwait next year after a hiatus of several years, the focus now is on the local market’s readiness to host this type of event. Real estate exhibitions are considered among the most important tools for promoting real estate and attracting investments, both domestic and foreign. Two real estate experts confirmed to the newspaper that this return could be a positive turning point, revitalizing the real estate market and giving individual investors the chance to directly explore opportunities and projects in a well-regulated and competitive environment.

They agreed that the successful return of real estate exhibitions in Kuwait hinges on clear regulations and effective oversight, which ensure the credibility of the information presented and protect investors from manipulation, violations or illegal practices. They stressed the need for the Ministry of Commerce and Industry, in cooperation with other concerned authorities, to conduct field visits to real estate projects on offer, especially those originating from outside Kuwait. This should be done by communicating with Kuwaiti embassies abroad to verify the legality of the projects, their developers, and their compliance with local legislation.

Real estate expert Qais Al- Ghanim affirmed that the return of real estate exhibitions to Kuwait is a positive step in principle, given its impact on stimulating buying and selling activities in the local market and opening new horizons for individual investors to explore real estate opportunities both domestically and internationally. He explained to the newspaper that exhibitions allow investors to view and compare diverse projects in one place, raising their investment awareness and enabling them to make informed decisions based on realistic data, free from misleading marketing campaigns. He emphasized that the success of these exhibitions extends beyond mere promotion, as it also requires sound regulatory and legal decisions from the Ministry of Commerce and Industry.

Real estate expert and appraiser Abdulmohsen Al-Zamel believes that the return of real estate exhibitions is a positive step, signaling the beginning of market recovery and a gradual restoration of confidence after a period of slowdown. He pointed out that the Kuwaiti market is more mature now and better able to adapt to changes in investment patterns and demand. He told the newspaper that exhibitions are not just a marketing tool, but rather a comprehensive economic platform for stimulating the market and boosting demand. He said major events like Cityscape send a message of confidence, locally and internationally, that Kuwait is a safe and attractive investment environment.

By Marwa Al-Bahrawi Al-Seyassah/Arab Times Staff