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
- The Rising Stars of CES (Cambridge English School) Kuwait
- Min Hawa – Al Andalus by LAPA LOYAC , Kuwait
- Sonu Nigam in Kuwait by Apna Bharat Society , Kuwait
- Qawali Night with Fareed Ayaz in Kuwait
- FOCUS International Kuwait organizes TIPS’15
- Rave 15 The Ultimate MEGA DANCE NITE , Kuwait
- Sparsh A Touch of Indian Talent Season 2 , Kuwait
- Video – Samsung Galaxy S6 release date, news and features
- Kuwait National Anthem by Japanese Girl
- Car chasing by Police in Kuwait
- New Salaries for Indians in Kuwait
- Kuwait in contract to provide 1000MW of electricity to Pakistan
- Indian firm spend $525m to Kuwait University
- Alwan – Live Art Festival , Kuwait
- Bark in the Park Carnival , Kuwait
- Scott Barnes in Kuwait
- Green Festival , Kuwait
- Photoshop – Jump Start with Mrs Alesha
- Street Fest , Kuwait
- Blackout Poetry Workshop , Kuwait
Filed in: All • Expats in Kuwait • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
