Properties for Sale in Kuwait (2353 Ads)

Search for properties and real estates for sale in Kuwait, such as houses for sale, lands for sale, or apartments for sale, and other properties such as chalets, buildings, shops and offices...etc. You can also, through Bo shamlan, display your property for sale through a free advertisement and easily.
The real estate sector in Kuwait is an essential sector for the country's economy and has grown continuously over the years, despite the fluctuations of economic factors and oil prices. There are many factors affecting the real estate market and prices, including economic growth, political stability, interest rates, population increase, and the establishment of new cities and residential areas. Sales are also active in Kuwait in several areas such as: Sabah Al-Ahmad Sea city - Al-Khiran, Sabah Al-Ahmad Residential city, Mahboula, Rumaithiya, Salwa, Jabriya, Salmiya, Siddeeq, Bayan, Hawally, Rawda, Jaber Al-Ahmad, Abu Fatira, Masayel, Sabah Al-Salem, West Abdullah Al-Mubarak, and many more areas.
In general, we can say that the prices of houses and lands in Kuwait start from 300,000 KD, while apartments start from 40,000 KD. Real estate prices in Kuwait vary greatly, according to the area, location, land area, front space, age of the building, number of floors, and the cost of its maintenance. It is preferable, when there is an intention to buy, to conduct a comprehensive survey of the prices of an area in which you intend to buy, by searching in the site and the special application of Bo Shamlan, which shows you the details of the advertisement attached to the pictures, and look at all the real estate that is considered similar to your request, so that when you meet the seller or broker, you will be aware of the normal market price. If you want to buy a specific property, you must specify your goal of buying, whether it is for living in it or investment. The property must also be visited, examined, and made sure that it is on the ground with all the specifications that have been announced and that they are in conformity with the necessary documents.
One of the challenges facing the real estate sector in Kuwait is the high demand for housing, as the population of Kuwait is increasing at a rapid pace, and this has led to increased pressure on the housing market. In recent years, a large proportion of Kuwaiti citizens could no longer buy real estate inside Kuwait for many reasons, including the high prices and the ineffectiveness of the necessary financing tools, and there are some who moved away from the idea of buying real estate inside Kuwait and preferred to buy abroad. Kuwaiti real estate remains in demand, although a large segment has refrained from buying real estate at the present time. Today, the purchase of real estate is one of the most financially costly things and sometimes requires saving for long periods or borrowing with the help of banks and paying for long periods, and therefore the process requires a lot of caution and attention.
It should be noted that the process of buying a property in Kuwait can be complex and time consuming, so we recommend the use of a real estate agency (broker) or a lawyer. And in the event that you deal with a broker, you should know that it receives a commission of 1% of the contract value, paid equally between the seller and the buyer, unless otherwise agreed upon. If many brokers participate in the process, they all participate in the commission and it is usually divided among them equally, unless otherwise agreed upon. Sale transactions can be completed at the Real Estate Registration Department in the Ministries Complex in the capital, or in the Courts Complex of the Farwaniya Governorate, or the Sabahiya Court, or the Family Court, or the New Courts Complex in Al-Jahra.
Another important aspect to consider when looking for a property in Kuwait is the availability of after sales services. Many real estate agencies offer additional services such as property management, maintenance and leasing services to help real estate owners manage their properties. These services can be particularly beneficial to investors looking to purchase real estate as an investment.
The government is also working to improve the legal and regulatory framework for the real estate sector in Kuwait. This includes initiatives such as the issuance of the Ministry of Commerce and Industry a Decision 97 of 2022 establishing the electronic real estate broker book, which adopts this system from January 2023. The system regulates the work of real estate brokers and mediators, which helps eliminate manipulation in the real estate market and money laundering operations. The law regulates real estate sales and reduces errors that were made in paper books. It also helps to remove intruders in this profession and protect the rights of all parties. This system assists in the automation of real estate transactions, which leads to the speedy completion of real estate transactions. It is worth noting that real estate brokers must pass a training course to use this system.