There are currently 49,130 empty flats in Kuwait and 26,466 others under construction; thus more than 75,000 units need to be “absorbed” by the domestic property market in 4-5 years, according to the Kuwait Real Estate Union.
Tag: rent in kuwait
-
Call to review rent contracts
Director of Technical Control Department and acting Director of Statistics Department in the Ministry of Electricity and Water (MEW) Engr Iqbal Al-Tayar has called on ministries and other governmental bodies to review their rent contracts in view of the application of new electricity and water charges as of Wednesday, reports Al-Qabas daily.
-
Salmiya and Hawalli areas have started reducing the rent
Owners of some investment buildings in Salmiya and Hawalli areas have started reducing their rent and two-bedroom flat— for the first time in many years, has gone down to KD 300 and below, reports Arab Times daily.
