Real Estate Owners Union suggest to allows expats to own apartments in KuwaitTue Dec 27, 2016 10:32 Kuwait, Real Estate
Real Estate Owners Union suggested that the prime minister allows expats to own apartments in Kuwait, local media reported. According to report, the union assured that such ownership will not entitle owners to demand citizenship or any other privileges enjoyed by citizens.
Local daily Kuwait Times reported, quoting sources, that the system already exists in some neighboring GCC states and the decision will have a positive impact on various sectors, create more job opportunities for Kuwaiti youth and add value to Kuwait’s economy.
The target of the suggestion was to sell 1,000 apartments to expats annually at a total value of KD 100 million, and that legislators could set proper conditions for such ownership.
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