property


New law will allow expats to buy property in Kuwait, but restrictions apply

by Ray Clancy on January 8, 2010

kuwait flag200A new law allowing all expatriates to purchase real estate property in Kuwait for the first time is unlikely to be linked to residency, it is claimed. Changes to law number 74/1979, will mean that expatriates, regardless of nationality can buy one apartment as long as it is not larger than 350 square meters. Currently only Arabs with special permits can buy in Kuwait.

Other restrictions though are emerging. For example, it will only be expats who have lived in the country for at least 10 year that can buy and it will not give them the right to permanent residency. Buying such property does not mean you will be given permanent residence in the country,’ confirmed politician Rola Dashti, one of five lawmakers who presented the bill to parliament last week. [click to continue…]

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