Wednesday , September 27 2023

We dream of Kuwait as a financial hub..then why this shortsightedness?

This post has been read 27077 times!

KUWAIT CITY, Oct 11: Experts have raised the issue of foreign ownership of real estate, as is the case in several countries and the entire Gulf region, but one of the realtors issued a fatwa saying this cannot be allowed to happen in Kuwait because, from his point of view, this will raise the price of real estate and affect the citizens. We say to this smart guy: Foreigners will not buy real estate in Dahiya, Yarmouk or Shamiya. They will buy apartments in Mahboula or Khaitan, because in these areas a lot of apartments are available.

After expats have been deported these are apartments have become breeding ground for cats and dogs. Even if the prices of real estate shoot up, Kuwaiti owners will benefit. I do not know why this shortsightedness? After all this, we dream of making ‘Our country a financial hub’. Which center are you talking about? Zahed Matar, Arab Times

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