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

Latest News

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
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.
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
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 !
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.
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.

Posted on Tuesday, December 27, 2016
Its really a good thing if it will implemented. In Dubai also expatriates would be able to purchase 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?
Posted on Monday, December 26, 2016
Why would an expatriate invest his money where there are no returns ??

characters remaining  
Human Verification Code Type the Numbers you see in the picture below.

Disclaimer: The views expressed here are strictly personal and does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
IIK Special...
Migration Norm Set: Safe Orderly and Regular Migration
“Global compact for safe, regular and orderly migration” The Norm on the Build. "Migrants are h...

The bogus words
A few days back I received a message on Whats App:If an assault with the intention of committing ra...

Anybody Got a Spine???
Fourteen Prime Ministers have taken charge of our country, and between themselves they have had Sev...

Indian Rupee (INR) -3 Questions
The Indian Rupee (INR) is surprisingly strong proving many analysts wrong. In a world where emergin...

IIK Dine Out...
Mughal Mahal Exotica - An aromatic and exotic twist to Indian food
When it comes to Indian food in Kuwait, no doubt ‘Mughal Mahal’ set an example among the residents ...

Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel
Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor...

Biryani & Kebabi restaurant opened at Arabia Mall in Egila
Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko...

Indulge in the luxury of Indian dinner every Tuesday at Jumeirah’s Garden Café
We all love luxury. We have many occasions to celebrate life luxuriously. Be it our anniversary, bi...

A delightful treat to our taste buds- Samrat Restaurant Weekend Buffet.
Delicious Food.. Good Company with Family or friends ... That’s what all look for on a weekend. B...

IIK Sports...
Summer Cricket coaching camp by Cricket Coaching Academy
22 Yards Cricket Coaching Academy would like to invite cricketers of all age group to attend the Su...

Kumble withdraws as India head coach
Legendary leg-spinner Anil Kumble has decided against continuing as the head coach of the Indian c...

Kuwait Cricket congratulates all the winners and runners
KC Desert T20 Finals, KC T20 Premier League, KC U16 Juniors Championship and KC 50 Overs Champions ...

What's On...
Its your portal, its your platform, so get involved.