6 Expats can own property in Kuwait (Via Arabtimes)
Ministry of Justice has approved applications from six expatriates to own real estate property in Kuwait, as per the provision of Law 74/1979. A source said the five properties approved and registered at the Property Registration Department include two locations in Mishref that cover 750 and 1,000 square meters area respectively.
The third property located in Rawda area is 1,000 square meters and the fourth in Farwaniya is 500 square meters, while the fifth property in Masayel area extends 400 square meters. The source named the property owners as Elyas Naqoula Al-Hani from Lebanon, Zaher Fouad Al-Khateb from Jordan, and Al-Saedi brothers from Yemen-Talal and Sakinah, Egyptian Ibrahim Al-Seyyid Ismail, and Abdul-Amir Shehab from Yemen.
He revealed that the Minister of Justice, Awqaf and Islamic Affairs Yacoub Al-Sane’ signed the property ownership about 10 days ago, and Law Number 74/1979 stipulates that only Arab expatriates can own a maximum of one property in a residential area in Kuwait if a decree is issued in their favor. He also said the property ownership should conform to stipulated conditions; the applicant must be a permanent resident in Kuwait with income enough to purchase the property.
The applicant must not have breached trust throughout the period of stay or an ex-convict. He should dedicate the entire property for private residential purposes where he will reside with his family. He should not own any other property in Kuwait, and the property must not cover more than 1,000 square meters area. He should be the citizen of a country that deals with Kuwait based on the policy of reciprocity, and a Kuwaiti should not have any share in the property.
Source : Arabtimes
Kuwait News
- Events in Kuwait
- Bark in the Park , Kuwait
- KUWAIT CRICKET TO HOST U-19 PREMIER CUP
- Jaber Al Ahmad New City , Kuwait
- Indian Cultural Carnival , Kuwait
- Request to open visa for the families of Pakistanis
- New conditions for expats to get driving licenses
- Green Unit Bazaar , Kuwait
- Service tax on remittances to India
- ARIJIT SINGH in Kuwait @arjitsingh_fans
- UN Day Concert in Mishref , Kuwait
- Happy New Islamic Year 1436
- After coffee and team now Icecream Cone Machine is in IKEA , Kuwait
- Coverage: Wayans Brothers Standup in Kuwait #WayansKuwait
- Kuwait boycotts companies working with Israel
- Robber Girl in Ardiya , Kuwait
- Yara ( Lebanese Pop Singer ) in Kuwait @yara_lb @yara_fm
- Zain Kuwait sponsors GulfRun 10 @GulfRun @zainkuwait
- Kuwait Work Permit
- Kuwait Weather by MET
- Smoking Booth in Avenues , Kuwait
Filed in: All • Expats in Kuwait • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
