Published on Tuesday, December 27, 2016
Real Estate Owners Union suggest to allows expats to own apartments in Kuwait



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Real Estate Owners Union suggested that the prime minister allows expats to own apartments in Kuwait, local media reported. According to report, the union assured that such ownership will not entitle owners to demand citizenship or any other privileges enjoyed by citizens.

Local daily Kuwait Times reported, quoting sources, that the system already exists in some neighboring GCC states and the decision will have a positive impact on various sectors, create more job opportunities for Kuwaiti youth and add value to Kuwait’s economy.

The target of the suggestion was to sell 1,000 apartments to expats annually at a total value of KD 100 million, and that legislators could set proper conditions for such ownership.


Express your comment on this article
 
a.v.a
Posted on Saturday, December 31, 2016
Unless permanent residence too is provided then owning an apartment makes no sense. A person will invest his money in buying an apartment and then for some stupid reason if he is deported how can he sell it.
kanniahhari
Posted on Saturday, December 31, 2016
It is a good scheme provided expatriate is allowed stay with his family in Kuwait even after retirement. If not then Government has to pay back fair value and ask them to leave Kuwait. Yield is the expat stayed in own flat without rent and harassment of harris
Hindi Chindi
Posted on Thursday, December 29, 2016
@Human Being ... You need to check your top floor before opening your mouth
zak
Posted on Wednesday, December 28, 2016
@human Being...what sermon are you giving here...people are talking and discussing business and economy.....
Bajrangi Bhaijaan
Posted on Wednesday, December 28, 2016
Why shall I buy apartment here when all laws are against me !
Santhosh
Posted on Tuesday, December 27, 2016
recently Kuwait govt increased the dependent visa scale from 250 KD to 450 KD, it is going to effect the real estate business very badly. The new upcoming flats will not go if no families are coming to Kuwait.
Ani
Posted on Tuesday, December 27, 2016
Wonderful recommendation, our sons & daughters even if they born in Kwt. they went for studies out side Kwt. are not getting a visit visa to visit their parents staying in Kuwait. First let the authorities ensure the basic needs of expatriates then go for bigger things.
Prasad Varghese
Posted on Tuesday, December 27, 2016
Suppose, due to some or other reason, the owner of the flat must leave Kuwait for good in short notice, or company cancelled the residence of that person, the owner of the flat will be in loss. Because, in short notice, if he want to sell his flat, he will not get the right value at all.
Lal Thomas varughese
Posted on Tuesday, December 27, 2016
As long as the Ownership of the building will
continue in kuwait Owner He or She has the Residence permit. No ownership then Residence will be finished. This is the matter.So you can Transfer the ownership to other person he can get Residence permit.

Lolchan
Posted on Tuesday, December 27, 2016
Its really a good thing if it will implemented. In Dubai also expatriates would be able to purchase buildings.it will increase the cash flow in the business mega structure and will make expatriates cute.
Human Being
Posted on Monday, December 26, 2016
Nothing like will Happen Kuwait Govt is really better then other Govt,each Country has there own Policies,if they have mentioned Expats can Purchase the Apartment, means they have planned good for the expats,Mr Aparimath, mentioned why should we invest the money where there is no return,why did you took the car when you cant get returns,thanks to God what you have. Dont blame Kuwait, I thanks to Allah that what ever iam having Alhumdullilah. Having one time also iam not worried i thanks to Allah, just see other Countries people doesn't have food but still they thanks to Allah,dont be so upset SIr,
ashraf ali
Posted on Monday, December 26, 2016
based on what?what type of Hounership?Is there any proposal to have Iqama Permanent?If deported by forse due to a minor reason,where this Apartment will go?
Aparimith
Posted on Monday, December 26, 2016
Why would an expatriate invest his money where there are no returns ??


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