Buildings for Sale in Kuwait (149 Ads)

You can now search for buildings offered for sale in Kuwait through this page of Boshamlan real estate finder website, which saves you time, and does not bother you to search by moving between the multiple real estate agencies spread all over Kuwait. Owning a building is considered a guarantee for investors, This is due to the relatively stable and fixed returns on capital, but you must focus on choosing the best financier from banks in the real estate field so that the process of financing residential or investment condominiums is easy and comfortable, with flexible and reasonable terms and financing solutions commensurate with your ability and financial position.

condominiums in Kuwait is considered as an investment property, which is that building consisting of several residential units, i.e. apartments, and sometimes studios, which are used for rent or ownership, and most of the buildings are concentrated mainly in areas such as: Salmiya, Hawally, Farwaniya, Khaitan, Jleeb Al-Shuyoukh (Al-Hasawi) Fahaheel, Mangaf, Mahboula, Sabah Al-Salem.

Before making the purchase process, you must know the laws and conditions of the municipality, as there are maximum limits for the heights of buildings.. It also requires the presence of one elevator in each building whose height exceeds four floors, including the ground floor. In the case of increasing the number of floors, the number of elevators is determined according to the requirements and specifications of Kuwait fire force. 

The requirements and specifications for people with special needs and the general aesthetic appearance of the building must be taken into account with a pledge from the owner that the property is a private residence in an investment housing area and is not allowed to be commercially exploited, with only permission to use the first and second floors for clinics and medical laboratories, provided that the approval of the Public Authority for Environmental Protection and the approval of the Ministry of Health is obtained. It is also allowed to be used for nurseries for children, provided that the conditions for nurseries are adhered to.

Many investors prefer to make a profit and a return from investing their money in buying a building, offering its apartments for rent, and obtaining a monthly rental income, but its disadvantage is that it needs a large capital in the beginning, and it will not be able to recover your capital in a short period, but what distinguishes it is the high value of the property and fixed income without Work, and this method can be developed to increase income, either by adding additional floors and dwellings and multiple ways in that. But owning a building is not as easy as some people think, as it can make you one of the richest investors or lead to a great loss, especially in the case of dealing with bad tenants and tenant complaints in general and dealing with everything related to repair and maintenance. Owning a property for rent is a daunting responsibility. It is preferable to invest in mixed-use buildings, in which the tenants get exclusive access to all kinds of facilities such as gymnasiums, shops...etc. All of this will increase the chances of renting your building at the desired price.

In order to ensure that your purchase of the building is a sound process, you must follow a set of important legal steps and the necessary procedures, and we mention some of them:

• Ask the seller to view and review his ownership documents for this building and verify his capacity and that he has the right to dispose of this building.
• Review the building data, and if this unit has more than one seller, such as if it is part of the heirs, for example, to a group of individuals, then in this case you must make sure that all owners agree to sell this building.
• Make sure that this property was built on a building permit and is not trespassing on state property and that the floors of this property are in conformity with the license and that there are no violating floors.
• One of the most important procedures that guarantees your full rights is to mention all the unit data in the contract, such as the total area.