REAL ESTATE

September 25, 2018

KUWAIT: The Public Authority for Roads and Transportation (PART) will open next Monday a new service road and traffic entrances on both Mohammed bin Qassem Street and Alexandria Street. The Alexandria exit, located between the Faculty of Literature and Kuwait Sport Club in Kaifan, will be opened along a 550-m service road and two traffic lanes parallel to Jahra Road, said Director-General of PART Ahmed Al-Hassan.

September 23, 2018

Increased distribution of subsidized residential plots by the Public Authority for Housing Welfare (PAHW) and high non-occupancy of apartments have led to a more realistic appraisal of land and building prices that are helping to revive the real estate sector.

Analysts say that on average prices of building and apartments are down"... Continue Reading

September 22, 2018

Recent real estate statistical data has shown Wednesday that the Kuwaitis were the fourth largest foreign real estate buyers in Turkey in August 2018.

Kuwaitis bought 271 real estate properties in Turkey last month, ranking fourth after Iraqis, 944, Iranians, 394, Saudis, 275, and ahead of Russians, who bought 192, according to"... Continue Reading

September 22, 2018

Recent real estate statistical data has shown Wednesday that the Kuwaitis were the fourth largest foreign real estate buyers in Turkey in August 2018.

Kuwaitis bought 271 real estate properties in Turkey last month, ranking fourth after Iraqis, 944,Iranians, 394, Saudis, 275, and ahead of Russians, who bought 192, according to"... Continue Reading

September 21, 2018

• Bentall Kennedy advanced to #1 overall in Canada across all property types and 2nd globally in the Diversified category

• MEPT/Edgemoor Fund advised by Bentall Kennedy continues to be ranked top 3 in the world in the Diversified Category

For"... Continue Reading

September 19, 2018

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its clients on the sale of two properties (“ the Properties”) from the Single Tenant Portfolio in USA.

The Single Tenant Portfolio"... Continue Reading

September 18, 2018

Saudi-based Designs Group, a pioneer in providing integrated hotel solutions as well as construction and management services, has announced its strategic alliance with Warwick Hotels & Resorts (WHR) for the management of new properties featuring 1,000 rooms in the kingdom.

The agreement will come into effect from the beginning of 2019, said a senior company official on the sidelines of The"... Continue Reading

September 18, 2018

Saudi-based Red Sea International (RSI) has signed a strategic partnership agreement with Rental Solutions Services (RSS) to leverage their capabilities to provide clients throughout the GCC with unparalleled services and products in the modular buildings, power and cooling segments of the rentals market.

With offices in the UAE, Oman and Kuwait, RSI is the largest manufacturer of modular buildings"... Continue Reading

September 17, 2018

The director of the Sheikh Jaber Al-Ahmed Bridge linking Doha is a pioneer project and will contribute to the success of the development plan and achieve the vision of HH the Amir of Kuwait whose dream is to transform Kuwait into a financial and economic center, reports Annahar daily.

He added, the features of the project which"... Continue Reading

September 16, 2018

An official at Kuwait Municipality has stressed that Abu Halifa Park is considered an agricultural property of the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR), so it cannot be transformed into a residential area as this move contravenes the Council of Ministers' decision and structural plan, reports Al-Rai daily.

He"... Continue Reading