About 14 percent of the flats in investment residential buildings are empty, as per a recent study conducted by Kuwait Real Estate Association. In other words, about 52,000 flats out of a total 371,000 flats in 13,353 residential buildings are empty.
Tag: rents in kuwait
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Rent reduction in Salmiya and Sulaibikhat
According to an investigative report conducted by the daily, rents of apartments in Kuwait have dropped by up to KD 100 in various areas depending on several factors related to the location and type of the apartment.
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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.
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New form for apartments rent contracts
A government source revealed a proposal to create a new form for apartments’ rent contracts, which could help reduce rent-related court cases.
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Rents may go down by 25 percent in Kuwait
There are indications that the rents of investment apartments will reduce by 25 percent before the end of this year due to several factors including the slump in the real estate sector during the summer season, reports Al-Shahed daily quoting sources from the real-estate sector.
