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
- Dayag was died of natural causes
- Medicine stock is left for six months only
- Kuwait to relax visa restrictions for Pakistanis
- Kuwaiti sentenced to 10 yrs jail
- KD 500 fine to Kuwait Airways Air hostess
- Expats can leave the country any time – State security vigilant to face repercussions
- KD 5,000 fine for expat bachelors
- Filipina maid sexually assaulted and killed in Kuwait
- Precautions in Kuwait – Possibility of war in the region is high
- Kuwait revives debate of 5% expat tax on remittances
- 3 men and 3 women arrested at Kuwait Airport
- Kuwaiti woman arrested at Airport
- New surveillance cams on beaches and parks
- New conditions to impose on Expats above the age of 65
- Charges on remittances of expats
- Eid Fitr Holidays 2019
- Counterfeit currency of KD 20
- Power supply disconnect of 15 bachelors houses.
- Indian man shot in Island
- Mobile cameras to control traffic – Speed cameras to double
Filed in: All • Expats in Kuwait • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
