Lands for Exchange in Wafra Residential (3 Ads)

It is a modern residential area, and it was named so because of its proximity to the Wafra farms area. There are 3 residential blocks in Wafra Residential, and the majority of its residents are Kuwaiti citizens (owners or renters) who live in houses and villas.

On this page from Boshamlan, we provide you with the option to search for housing requests and lands offered for exchange in Wafra Residential. The exchange is an excellent agreement to revitalize and stimulate the real estate market. It is a mechanism characterized by ease of procedures and saving time and effort, in addition to that it combines two deals at the same time, taking into account the difference price and paying this difference to the other party. Where the exchange process between the two parties is based on the sale of land or a house and the purchase of another in a single transaction with paying the value difference for the new property or obtaining a difference for the old property.

The Public Authority for Housing Welfare in Kuwait is responsible for establishing new residential cities and allocating lands therein for Kuwaiti citizens. It provides the beneficiaries with the option of exchanging lands among themselves, in addition to the possibility of giving up the housing alternatives distributed on the plans or actually delivered. The purpose of this system is to provide an opportunity for these beneficiaries to choose the area in which they wish to live. And while the institution reduced the number of times allowed for exchange and assignment to only once, after it was previously allowed to exchange twice, and the third time is allowed, but recently and after entering the specialized committee. The Public Authority for Housing Welfare has stipulated exchange or waiver operations, the existence of reasons accepted by the institution, and that the exchange of plots be before the start of construction, and not obtaining a housing loan or benefiting from building materials, or after its completion, in order to ensure the ability to sell and return the right of the state and the money spent. The institution has completed its conditions that the replacement process be among the beneficiaries without being bound by the priority of registering the housing request after they receive the housing alternative. The Public Authority for Housing Welfare also issues different decisions for each area as it deems appropriate, such as stopping or allowing the external exchange, as well as the internal exchange, as it deems appropriate, and it may exclude some areas from its decisions.

Others may resort to the internal substitution in Wafra Residential. And this is due to his desire to replace his land with another land with different features such as: corner land, land with a front side space, head land (three streets), land with two sides, a land close to services such as a branch, an association (supermarket), a mosque, car parkings, or petrol, or normal land (ie, without benefits). Sometimes he substitutes for the sun’s side in relation to the land or property, which is: an eastern, western, northern, or southern side.

Others choose to exchange housing requests, under the pretext that the desired area is close to the areas of residence of their relatives or tribe, and so on, and there are those who resort to the exchange because of the distinctiveness of the area, as there are many areas that witness demand and others that witness reluctance. Others exchange their land with a housing request. Some also replace their real estate located in Wafra Residential with any of the areas in Kuwait, including: Al-Mutlaa, Jaber Al-Ahmad, South Sabah Al-Ahmad, Sabah Al-Ahmad Residential City, previously West Abdullah Al-Mubarak, Northwest Sulaibikhat, South Abdullah Al-Mubarak, Saad Al-Abdullah, South Saad Al-Abdullah, Al-Wafra Residential.