Lands for Sale in Kuwait (497 Ads)

Search for free and easily in Boshamlan for hundreds of lands offered for sale in Kuwait and its various areas such as Funaitees, Masayel, Abu Fatira, Sabah Al-Ahmad Sea city (Khiran), Khiran Residential - Desert Side, Siddeeq, Egaila, and Jabriya. You can communicate directly with the advertiser by calling via mobile phone or WhatsApp, and Boshamlan does not take any commission in return. Land prices in Kuwait start from 150,000 Kuwaiti dinars in the cheap areas, and exceed one million Kuwaiti dinars in the upscale areas. This large discrepancy in land prices is due to several factors, including:

• The area in which the land is located and its distance from Kuwait City.
• Land and front spaces.
• The location of the land within the area, and it is possible to classify the lands in Kuwait into basic types according to their location from the street and the neighbor, and they have local names but we can translate them to: normal, two side street, corner, corner, and head (3 streets).
• The value of the land is also affected by its sun direction, as the eastern sun direction is the most expensive due to the availability of shade in the afternoon, in contrast to the western sun direction, which is the least valuable, since it is exposed to the sun in the afternoon. As for the northern and southern sun directions, their prices are relatively average.

And despite the fact that the Public Authority for Housing Welfare continues to distribute thousands of government lands (plots) to Kuwaiti citizens. However, the value of lands in Kuwait is constantly increasing in light of the exacerbation of the housing crisis that has been going on for many years, and the lack of supply in versus the high demand for housing due to the increasing number of the population of Kuwait. Another reason is the availability of cash liquidity for investors and speculators who buy these lands and resell them after a period to reap profits. Today, Kuwaiti citizens cannot afford to buy land at these high prices, as the value of some lands has doubled within a few years. This is a burden that the Kuwaiti citizen cannot bear and reflects negatively on middle-income Kuwaiti families who dream of buying land and building it for their own housing. In recent years, a large percentage of Kuwaiti citizens are no longer able to buy real estate or even land inside Kuwait, but the demand for land remains, despite the fact that a large segment has turned away from buying.
In the event that you decide to buy a land, you can seek the help of a real estate agency (a broker), which can help you find the land that suits you, and enter into the negotiation process and sale procedures. And in the event that you deal with a real estate broker, you should know that it receives a commission of 1% of the contract value, paid equally between the seller and the buyer, unless otherwise agreed upon. Sale transactions can be completed at the Real Estate Registration Department in the Ministries Complex in the capital, or in the Courts Complex of the Farwaniya Governorate, or the Sabahiya Court, or the Family Court, or the New Courts Complex in Jahra.
The government is also working to improve the legal and regulatory framework for the real estate sector in Kuwait. This includes several initiatives such as the issuance of Ministry of Commerce and Industry Decision 97 of 2022 establishing the electronic real estate broker book, which adopts this system as of January 2023. The system regulates the work of real estate brokers and mediators, which helps eliminate manipulation in the real estate market and money laundering operations. The law regulates real estate sales and reduces errors that were made in paper books. It also helps to remove intruders from this profession and protect the rights of all parties. This system assists in the automation of real estate transactions, which leads to the speedy completion of real estate transactions. It is worth noting that real estate brokers must pass a training course to use this system.