Kuwait is to set property rents , Kuwait

March 23, 201515 Comments

Residential area, Kuwait City, KuwaitKuwait will establish an administrative body to set property rents in a bid to avoid extraordinary price rises, Arabic daily Al Anbaa has reported. Landlords would be required to lodge their vacant property with the body, who would set rents according to criteria including the area, type of property, age and services, Al Anbaa said. Rents have been rising well above inflation in the past two years, with thousands of new foreigners arriving in the Gulf state but little real estate development.

Source : ArabianBusiness

Kuwait is to set property rents , Kuwait was last modified: by

Comments (15)

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  1. Vince Asar says:

    Its good for us as expatriate, if this is true our house always increased every year, with no contract issued by the owner

  2. Just Dont you worry pack up yourself for the good because it is not likely to be happening because this is locals earning

  3. we are expecting and wishong that the govt will give a ttention for this serious matter for the goodness of all expats and foreign workers who received a minimum wages only..

  4. we are expecting and wishong that the govt will give a ttention for this serious matter for the goodness of all expats and foreign workers who received a minimum wages only..

  5. Rent is higher n higher,but salary is very low not all expats receiving high salary,,,I wish this news it's true,,,

  6. We just really hope that this would regulate the rents well and minimum wages of the expatriates would be taken into considerations

  7. This are a Fake News so please prepare yourself

  8. News always spread for in real nothing will happened
    now a days rent is hike min is KD 300 this is Massary (Harris) law not KWT Govt: law..and harris pocket money increase from 100-200..why KWT Govt: keep quiet ?

  9. good news. but god knows the final .

  10. Welcoming such good ideas.

  11. its need to be moniter and coverd by ministry otherwise the rents are going to sky high. hope will be better. not just paper work

  12. Very nice indeed…Excellent idea…

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