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Law bars companies with non-Kuwaiti part owners from owning property
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KUWAIT CITY, May 3: The Governor of the Capital, Sheikh Talal Al- Khaled, said 3 new warnings have been issued to building violations in the suburb of Qibla, bringing the number of such warnings to 137 in the regions of Sharq, Al-Qibla and Bneid Al-Qar so far, reports Al-Seyassah daily.
Sheikh Talal Al-Khaled during his tour
The governor disclosed this in a press statement, on the sidelines of an inspection tour of the East, Al-Qibla and Bneid Al-Qar regions, to follow up on the latest developments in the campaign to eliminate building violations, in the presence of the governorate’s municipality emergency team headed by Zaid Al-Anzi, and a number of officials. Al-Khaled indicated the real estate is being used by some parties to open commercial stores in violation of the laws, pointing out that these parties believe that the concerned authorities will turn a blind eye to these violations.
Campina limita funcionamento de bares, restaurantes e lojas de conveniência
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KUWAIT CITY, Jan 24: Real Estate Union Secretary General Ahmed Al-Duwaihis expects the Kuwaiti real estate sector to start recovering from the consequences of the coronavirus pandemic in the second half of 2021, especially since the impact of the pandemic on global economies will begin to diminish automatically after the success of the trial of the vaccine that started to be administered in Kuwait and the rest of the world, reports Al-Anba daily.
In an exclusive interview with the daily, Al-Duwaihis pointed out that the impact of the pandemic on the real estate sector varied according to the nature of each property. He disclosed the residential real estate sector witnessed a significant increase during the last period due to the scarcity of supply and high demand. The investment real estate sector has been somewhat affected, although the figures and statistics about the extent of its impact remain unclear; while the commercial real estate sector was the most affected as