Lands for Sale in Sharq (2 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.

Search for free and easily in Bo shamlan real estate finder among hundreds of lands for sale in Sharq, or expand your search to include all lands for sale in Kuwait. Through Boshamlan website and app, you can communicate directly with the advertiser by calling via mobile phone or WhatsApp. Land prices vary in Sharq area for several reasons, including:

• Land area and front space.
• 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, namely: 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 in Kuwait that has been going on for many years, and the lack of supply in exchange for 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 private 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 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 in the real estate registration department of Al-Asimah Governorate
The government is also working to improve the legal and regulatory framework for the real estate market in Kuwait. This includes initiatives such as the issuance of the Ministry of Commerce and Industry's decision to establish the electronic real estate broker's book, which adopts this system as of January 2023. The system regulates the work of real estate brokers and intermediaries, 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 in 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 trading transactions. It is worth noting that real estate brokers must pass a training course to use this system.