Apartments for Sale in Sharq (1 Ads)

Sharq (colloquially called Sharq) is an area of Al-Asimah Governorate (Capital) in Kuwait, named in relation to one of the four directions, which is the eastern part of Kuwait City. It is one of the largest neighborhoods of old Kuwait, located between the sea and Safat in the east of the country. It was first inhabited by senior Kuwaiti families, including Al Sabah family. Today, the eastern area contains 8 blocks, and is inhabited by several communities of different nationalities. It is considered one of the most important commercial areas in the country, and it contains dozens of buildings. High rises and skyscrapers such as Al-Hamra Tower, many commercial complexes such as Souk Sharq Mall, hospitals such as the Amiri Hospital, and other institutions such as museums and embassies.

If you are looking for apartments for sale in Sharq or you want to offer your apartment for sale, you can search for free and easily through Bo Shamlan Kuwait real estate finder and communicate directly by yourself with the owner or real estate broker through phone call or WhatsApp. You can broaden your search to include apartments offered for sale in all areas of Kuwait, or search comprehensively in all types of real estate offered for sale in Kuwait. The purchase of apartments or even flats can be considered as a type of investment that attracts small investors, and the majority do not buy the apartment for the purpose of living in it, but rather for the purpose of investment, i.e. renting it or exiting from it later. A large segment of Kuwaiti citizens has decided to invest in these apartments in Sharq, and it is considered a safe haven for owners of small capitals, and there is a greater demand from Kuwaiti women to buy ownership apartments that conform to a woman’s loan (credit bank loan - credit bank specifications), noting that the apartments those whose area is equal to 100 square meters or more are the most desirable apartments in Kuwait, since they are compatible with the women’s loan terms. Investment in these apartments through owning and renting them yields returns ranging between 6% and 7%, which is an appropriate return, especially in light of the lack of many investment opportunities and the high prices of other real estate to sums that not everyone can afford.
Ownership of apartments were not generally accepted within the calculation of the Kuwaiti citizen looking for private housing, and the culture of the Kuwaiti society prefers living in typical areas over investment areas or vertical housing, and this is what led to the reluctance of Kuwaiti citizens to own property in the apartments sector and live in it. In addition, the housing distribution from the government reduces the tendency to buy ownership apartments, and the preference of the head of the family to wait for government distributions to obtain land and build a lifetime house and enjoy privacy.
It should be noted that the process of buying an apartment in Kuwait can be complicated, and a real estate agency (broker) can help, but you should know that it gets a commission of 1% and one percent of the sale value of the apartment and is usually paid equally between the seller and the buyer. Sale transactions can be completed in the Real Estate Registration Department at the Ministries Complex of the Governorate .
There are some companies and real estate agencies that provide after-sales services or what is called property management, as many real estate agencies provide additional services such as property management, maintenance and leasing services to help real estate owners manage their properties. These services can be particularly beneficial to investors looking to purchase real estate as an investment. Where the company manages the apartment for a reasonable amount and rents it out without the owner entering the labyrinth of searching for a tenant or collecting rent or maintenance … or anything else.
Finally, we draw attention to the fact that the real estate market in Kuwait needs to develop legislation and laws that protect the owner of the property or apartment, and one of the most important of these laws is the Owners Association Law, which guarantees the right of the owner of the apartment to services and maintenance