Law allows expats to own one real estate property

September 3, 20180

Sources disclosed there is a law that allows expatriates to possess one real estate property measuring 1,000 square meters maximum which should be used for private housing.

Sources said the laws in the home countries of the expatriates could be similar to that of Kuwait, so Kuwaitis are allowed to own real estate in those countries.

Sources explained any expatriate who wants to own real estate must have a valid residency permit, with substantial income, and has not been convicted of betrayal of trust or involved in a case related to honor. Sources disclosed the Ministry of Justice receives the expatriates’ applications for ownership of real estate, along with the required documents related to the applicant and his family.

Once the required documents are completed, the application will be referred to the minister of justice who, in turn, refers it to the Cabinet. The legal ministerial committee will review the application and a decree will then be issued approving the application if the requirements are met, sources added.

Source : Arabtimes

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