{"id":1047,"date":"2025-10-13T10:06:27","date_gmt":"2025-10-13T07:06:27","guid":{"rendered":"https:\/\/amaraqar.com\/foreign-ownership-of-real-estate-a-never-ending-story-as-it-has-not-even-begun\/"},"modified":"2025-10-27T07:56:02","modified_gmt":"2025-10-27T04:56:02","slug":"foreign-ownership-of-real-estate-a-never-ending-story-as-it-has-not-even-begun","status":"publish","type":"post","link":"https:\/\/amaraqar.com\/en\/foreign-ownership-of-real-estate-a-never-ending-story-as-it-has-not-even-begun\/","title":{"rendered":"Foreign Ownership of Real Estate&#8230; A Never-Ending Story, As It Has Not Even Begun"},"content":{"rendered":"\n<p class=\"has-text-align-right\">Since the issuance of Law No. 74 of 1979 regarding the regulation of non-Kuwaitis&#8217; ownership of real estate, <a href=\"https:\/\/mesferlaw.com\/archives\/1827\">it has been amended three times<\/a>, the last being two days ago. Foreigners (resident Arabs) own about 19 properties <a href=\"https:\/\/www.instagram.com\/p\/CjAa7tNtUOD\/\">according to available sources<\/a>.<\/p>\n\n<p class=\"has-text-align-right\">The most prominent aspect of the recent amendment pushes the Arab owner, husband of a Kuwaiti woman, to transfer property ownership to her, then to her son as inheritance from her. The text also specifically identified &#8220;real estate funds and licensed investment portfolios in Kuwait&#8230; investment entities&#8230;&#8221; as commercial entities with the right to own residential property.   <\/p>\n\n<p class=\"has-text-align-right\">Apart from the first amendment, which is the most prominent, will detailing the type of non-Kuwaiti companies affect or increase the number of foreign companies owning property?  <\/p>\n\n<p class=\"has-text-align-right\">There are two aspects to this question. <\/p>\n\n<p class=\"has-text-align-right\"><strong>The First Aspect <\/strong><\/p>\n\n<p class=\"has-text-align-right\">There is a local real estate habit that closely resembles the habit of antique and taxi sellers in some tourist countries. One price for citizens and a price 10 times higher for tourists. Our real estate prices are already 10 times higher for citizens \ud83d\ude42  <\/p>\n\n<p class=\"has-text-align-right\">For private housing, prices in Kuwait have gone beyond expensive to the point of absurdity for the average citizen. Therefore, it would be cheaper, easier, and smarter for foreign companies &#8211; whose business is money and investment &#8211; to rent accommodation for their employees rather than accepting an exaggerated price above the local price. Unless they are willing to part with their money.    <\/p>\n\n<p class=\"has-text-align-right\">When foreign companies see high selling prices against low value and services in real estate, legislative and logistical difficulties, with the possibility of canceling commercial contracts, and the potential cancellation of residency permits for their wives and families without prior notice, they will likely resort to renting, perhaps in a hotel, while reducing the number of their employees inside Kuwait.      <\/p>\n\n<p class=\"has-text-align-right\"><strong>The Second Aspect<\/strong><\/p>\n\n<p class=\"has-text-align-right\">Since private housing is expensive, companies might buy investment residential property. <\/p>\n\n<p class=\"has-text-align-right\">The real estate investment rule states: if you don&#8217;t sell or rent 75% of the property before opening day, you&#8217;ve entered into a loss that increases daily from the opening hour.  <\/p>\n\n<p class=\"has-text-align-right\">There are heavy properties that have remained vacant for a long time, years after their completion. We believe the main reason is their exaggerated prices against low value. These properties have not received the required demand, whether for ownership or rent, and some are offered for sale in their entirety.     <\/p>\n\n<p class=\"has-text-align-right\">The investment real estate sector is oversaturated, and those who have the ability to buy locally are very limited, decreasing every month. The goods are stagnating with no buyers. On the other hand, owners are &#8220;holding onto their land,&#8221; sticking to their very high prices (an authentic Kuwaiti habit).     <\/p>\n\n<p class=\"has-text-align-right\">Therefore, efforts are made to attract capital from abroad, in hopes of saving owners from their predicament, as they are not saving themselves.   <\/p>\n\n<p class=\"has-text-align-right\">We believe the slight amendment neither helps nor harms. People of money and investment abroad also have minds and eyes. <\/p>\n\n<p class=\"has-text-align-right\">And God knows best,,,<\/p>\n\n<p class=\"has-text-align-right\"><strong>Al-Jarida Newspaper: Decree on regulations for non-Kuwaitis&#8217; ownership of real estate <\/strong><\/p>\n\n<p class=\"has-text-align-right\"><a href=\"https:\/\/www.aljarida.com\/article\/111629\">https:\/\/www.aljarida.com\/article\/111629<\/a><\/p>\n\n<p>Cover image from <\/p>\n\n<p><a href=\"https:\/\/na.rdcpix.com\/422be9234127184a0055dd1dcbf256d9w-c2015257924rd-w1024_h1024_r4_q80.jpg\">https:\/\/na.rdcpix.com\/422be9234127184a0055dd1dcbf256d9w-c2015257924rd-w1024_h1024_r4_q80.jpg<\/a><\/p>\n\n<p><\/p>\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When foreign companies see high selling prices against low value and services, along with legislative and logistical difficulties, they will likely resort to renting, perhaps in a hotel.   <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[83,40,113,38,1],"tags":[85,71],"class_list":["post-1047","post","type-post","status-publish","format-standard","hentry","category-development-and-economy","category-housing-and-accommodation","category-laws-and-regulations","category-real-estate","category-1","tag-development-and-economy","tag-housing-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foreign Ownership of Real Estate... 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The study covered residential real estate sales transactions from the last quarter of 2024\u2026","rel":"","context":"In &quot;Housing and Accommodation&quot;","block_context":{"text":"Housing and Accommodation","link":"https:\/\/amaraqar.com\/en\/category\/housing-and-accommodation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/istockphoto-1450257989-612x612-1.jpg?fit=612%2C411&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/istockphoto-1450257989-612x612-1.jpg?fit=612%2C411&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/istockphoto-1450257989-612x612-1.jpg?fit=612%2C411&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1146,"url":"https:\/\/amaraqar.com\/en\/housing-government-and-the-spend-and-find-policy\/","url_meta":{"origin":1047,"position":1},"title":"Housing, Government, and the &#8220;Spend and Find&#8221; Policy","author":"Amar Admin","date":"December 4, 2025","format":false,"excerpt":"Some things never change. It seems that the spending policy has remained the most important policy followed by the government for about 25 years with all sincerity and dedication. It is present when dealing with the exacerbating housing crisis and other issues in the country. The Honorable Minister of Housing\u2026","rel":"","context":"In &quot;Government Housing&quot;","block_context":{"text":"Government Housing","link":"https:\/\/amaraqar.com\/en\/category\/housing-and-accommodation\/government-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/IMG_6896.jpg?fit=838%2C536&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/IMG_6896.jpg?fit=838%2C536&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/IMG_6896.jpg?fit=838%2C536&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/12\/IMG_6896.jpg?fit=838%2C536&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1053,"url":"https:\/\/amaraqar.com\/en\/protection-and-breathing-space-in-kuwaiti-houses\/","url_meta":{"origin":1047,"position":2},"title":"Protection and Breathing Space in Kuwaiti Houses","author":"Amar Admin","date":"October 26, 2025","format":false,"excerpt":"The wall and courtyard (hosh) have been fundamental elements in private residences throughout history, across all human cultures and civil societies. Their elimination results in significant damage that extends beyond the house and neighborhood.","rel":"","context":"In &quot;Architectural&quot;","block_context":{"text":"Architectural","link":"https:\/\/amaraqar.com\/en\/category\/architectural\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/IMG_6757.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/IMG_6757.jpg?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/IMG_6757.jpg?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/IMG_6757.jpg?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":478,"url":"https:\/\/amaraqar.com\/en\/private-housing-prices-and-freedom-of-action-vs-freedom-of-control\/","url_meta":{"origin":1047,"position":3},"title":"Private Housing Prices and Freedom of Action vs. Freedom of Control","author":"Amar Admin","date":"August 24, 2025","format":false,"excerpt":"The government alone has the \u201cfreedom\u201d to set regulations for the real estate sector, and no one can prevent it","rel":"","context":"In &quot;Housing and Accommodation&quot;","block_context":{"text":"Housing and Accommodation","link":"https:\/\/amaraqar.com\/en\/category\/housing-and-accommodation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/08\/1-1543541.jpg.webp?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/08\/1-1543541.jpg.webp?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/08\/1-1543541.jpg.webp?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/08\/1-1543541.jpg.webp?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/08\/1-1543541.jpg.webp?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1041,"url":"https:\/\/amaraqar.com\/en\/about-deficit-and-public-debt\/","url_meta":{"origin":1047,"position":4},"title":"About Deficit and Public Debt","author":"Amar Admin","date":"October 7, 2025","format":false,"excerpt":"Most Kuwaitis eat sweets after finishing a heavy meal, thinking it will aid digestion. In reality, they want to build up their strategic fat reserves. This is exactly how the government's mentality appears when it borrows to address the deficit.","rel":"","context":"In &quot;Development and Economy&quot;","block_context":{"text":"Development and Economy","link":"https:\/\/amaraqar.com\/en\/category\/development-and-economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1051,"url":"https:\/\/amaraqar.com\/en\/the-kuwaiti-house-and-the-thai-elephant\/","url_meta":{"origin":1047,"position":5},"title":"The Kuwaiti House and the Thai Elephant","author":"Amar Admin","date":"October 23, 2025","format":false,"excerpt":"The rare Thai white elephant is extremely costly, both financially and emotionally. It was more of a burden than a source of happiness and well-being for its caretaker and visitors. The same applies to the Kuwaiti house.","rel":"","context":"In &quot;Architectural&quot;","block_context":{"text":"Architectural","link":"https:\/\/amaraqar.com\/en\/category\/architectural\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/87CEC07B-7040-4C24-9249-0CD0EAB97B8B_1_201_a.jpeg?fit=1200%2C1175&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/87CEC07B-7040-4C24-9249-0CD0EAB97B8B_1_201_a.jpeg?fit=1200%2C1175&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/87CEC07B-7040-4C24-9249-0CD0EAB97B8B_1_201_a.jpeg?fit=1200%2C1175&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/87CEC07B-7040-4C24-9249-0CD0EAB97B8B_1_201_a.jpeg?fit=1200%2C1175&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amaraqar.com\/wp-content\/uploads\/2025\/10\/87CEC07B-7040-4C24-9249-0CD0EAB97B8B_1_201_a.jpeg?fit=1200%2C1175&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pe3RC6-gT","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/posts\/1047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/comments?post=1047"}],"version-history":[{"count":1,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/posts\/1047\/revisions"}],"predecessor-version":[{"id":1049,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/posts\/1047\/revisions\/1049"}],"wp:attachment":[{"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/media?parent=1047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/categories?post=1047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amaraqar.com\/en\/wp-json\/wp\/v2\/tags?post=1047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}