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Real Estate Owners Union proposes expats can own apartments
December 27, 2016, 11:22 am

Real Estate Owners Union offered up a suggestion to the prime minister that expats should be allowed to own apartments in Kuwait. The union sources went on to specify that the ownership will not be accompanied by any benefits enjoyed by Kuwaitis such as citizenship or any other privileges. The source mentioned that the practice had been incorporated in some neighboring GCC states.

The sources further highlighted the possible positive outcome of the decision on various sectors, saying that it will create more job opportunities for Kuwaiti youth and add value to Kuwait’s economy. The idea underlined was a potential sale of 1,000 apartments to expats annually at a total value of KD 100 million, with the approval of legislators, who could outline proper conditions for such ownerships.

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