Properties for Sale in Shaab Residential (22 Ads)
About Shaab Residential
Shaab is a residential area in Hawally Governorate in Kuwait. Its singular name is “Shuaib”, which means the stream of water, which is the valley of torrents flowing from the rains drifting on the land. Shaab residential area is divided into 8 different blocks, and the majority of its residents are Kuwaiti citizens, and they live in houses, and some rent apartments in these houses.
Information About the Properties Listed for Sale in Shaab Residential
Search for free and easily in Boshamlan for properties for sale in Shaab Residential, or expand your search to include different properties for sale in all areas of Kuwait, such as houses for sale or lands for sale, or apartments for sale and other sections such as: chalets, buildings, offices, and farms.
In recent years, real estate prices have increased in Shaab Residential area for many reasons, including the general increase in prices in Kuwait and the ineffectiveness of the necessary financing tools. Real estate prices in Shaab Residential vary according to several factors, the most important of which are the location, the area of the property, and the front space. Therefore, we recommend that you visit the Kuwaiti Ministry of Justice website to see the prices of the official sales deals that took place in Shaab Residential area in the past period, and this will help you to know the real market prices. We advise those wishing to buy to conduct a survey of the prices of the area through this page, which shows you a large number of real estate offered for sale in Shaab Residential, where you can view all real estate similar to your request, and thus, when you meet the seller or broker, you will be aware of the normal market price. We also recommend visiting the property, examining it, and making sure that it is on the ground with all the specifications that have been announced and that they are in conformity with the necessary documents.
The Kuwaiti government is working to improve laws and legislation for the real estate sector in Kuwait, and this includes several initiatives such as the Ministry of Commerce and Industry Resolution 97 of 2022, which was about establishing an electronic real estate broker book. The system regulates the work of real estate brokers and brokers, and thus helps stop manipulation in the real estate market and money laundering. The law regulates real estate sales and seeks to reduce errors that were made in the 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 transactions. It is worth noting that real estate brokers must pass a training course to use this system.
The following are the steps and procedures for buying a property in Kuwait and transferring ownership:
- Conclude the preliminary sale agreement and ensure that all terms and conditions are clear, including the eviction condition and its duration.
- Existence of the original document.
- The presence of the civil ID of both seller and buyer.
- Rental contract, if applicable.
- An account in a local bank.
- A copy of the certified check through which the value of the sold property was paid, or a bank transfer, stating the purpose of the money transfer.
- Issuing an acceptance certificate from the Kuwait Municipality, and it is considered an identity for each property, whether it is (residential, investment, or commercial). Caution must be taken as some property owners are facing difficulties in issuing a certificate of description.
- In the event that the sale is completed by a real estate agency, the agency shall receive a commission of 1% and one percent of the sale value, and it shall be paid equally between the seller and the buyer, and otherwise it may be agreed upon.
- Sale transactions can be completed at the Real Estate Registration Department in the Ministries Complex of Hawally Governorate
- After the end of the purchase process, the buyer can change his address in his civil card using the real estate document, by presenting it to the Public Authority for Civil Information.