KUWAIT AMENDS REAL ESTATE AND RESIDENCY LAWS

  • 16/02/2022

Kuwait City: The ban on foreign ownership of real estate investment units is expected to be amended, sources said. The aim is to mitigate the losses of 300 million Kuwaiti dinars per unit caused by the Covid 19 epidemic. Sources said that the residency law for expatriates may also be amended for this purpose. It is hoped that with the introduction of these amendments, a major recovery in the real estate sector will be achieved. 


There have been several government studies with international participation on strengthening the position of investment units in the real estate sector, which is facing a severe crisis. The urgent need to establish a public real estate authority has become a necessity. The real estate sector has historically been the second largest investment option available to both local and foreign investors. 

Sources said the amendments to the Expatriate Residency Act should be legislated and attract investors. The amendments would help secure the investment real estate sector in the years to come.

Related News

Discounts Don't Affect Return/Exchange Rights
  • 08/02/2025
Kuwait Arrests Reckless Driver After Viral Wedding Video
  • 08/02/2025
Shifa Al Jazeera Medical Group to Host Shifa Excellence Awar ...
  • 08/02/2025
Kuwait Bans Water Pistols and Balloons
  • 07/02/2025
Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025