Properties for Exchange in Zahra (1 Ads)

Zahra is a residential area of the State of Kuwait and it is located in Hawally Governorate and one the south of Surra areas. Its name is in relation to Mrs. Fatima Al-Zahraa, the daughter of Muhammad, the prophet of islam, and it is located in Complex 360. Al-Zahraa area consists of 8 blocks and contains houses that are owned and inhabited by Kuwaiti citizens. The majority of the houses in the area have been divided into separate apartments for rent. Where each floor in the house is divided into two separated apartments, so that each house contains around 4 apartments, and some of these apartments are offered for rent for the purpose of investment.

In this section of Bo shamlan website, you can find many advertisements of real estate for exchange in Zahra, where exchange has become one of the most important deals in the real estate sector because of the advantages it provides to the two contracting parties. The Public Authority for Housing Welfare issues decisions to stop or open the door of the external exchange as well as the internal exchange as it deems appropriate and may exclude some areas from its decisions. Likewise, the Mutlaa residential area was excluded, knowing that the people of the city demanded the opening of the exchange to create competition in supply and demand, and more options are available to Kuwaiti citizens, and the advantage of the external exchange before building orders for everyone who owns land encourages the citizen is to enter into housing projects and not wait. There are many requests from the institution to issue a decision allowing the opening of the external exchange, as well as the internal exchange allowed in some residential areas, especially since the institution has started other new projects that some Kuwaiti citizens may have a desire for, so opening the external exchange is somewhat facilitating for Kuwaiti citizens, and it will replace part from the housing crisis.

It is possible to find houses and lands for the exchange in Zahra with different prices, benefits, and locations, but the Public Authority for Housing Welfare is the one who sets controls and conditions for the exchange and changes them as it deems appropriate. For example, limiting the number of exchanges or assignments in the plots so that it is only one exchange or once assignment and with the consent of the Kuwaiti wife and divorcee who have the right to housing. It is also possible to request a clearance from the real estate loan and pay all due installments for the housing alternative until the date of replacement or assignment, and submit a certificate from the Ministry of Commerce and Industry regarding construction materials for the beneficiaries of the Kuwait Credit Bank loans for construction.
Note: You must inquire with the concerned authorities in the country, as well as the Public Authority for Housing Welfare, and make sure that all procedures and regulations are formally followed.