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Buy a Property in Kuwait

Buy a Property in Kuwait

If you want to buy a property in Kuwait, the recommendation is to have specialized help to avoid the possible complexities that may arise during the process. Our lawyers in Kuwait are at your disposal with legal advice if you want to buy an apartment in Kuwait. In the following lines, we present some of the formalities involved in this process, mentioning that we also offer assistance for immigration to Kuwait to foreigners who want to purchase a home in this country.

Conditions for foreigners who want to buy a property in Kuwait

To be able to buy a house in Kuwait as a foreign citizen, you must consider the following aspects, taking into account the fact that in most cases quite restrictive conditions are imposed:

  • You have to prove that you can afford to buy a property in Kuwait, i.e. you have the necessary financial resources.
  • The property must not have more than 1,000 square meters and be used as a private residence.
  • It is necessary to submit an application to the Ministry of Justice when you want to buy a property in Kuwait. In this sense, our Kuwaiti lawyer can help you with all the legal matters.
  • Proof of employment is also required at the time of preparing the application.
  • Buying an apartment in Kuwait does not guarantee residency in Kuwait, which implies the need to comply with the conditions imposed in this regard.

We recommend specialist help if you want to buy an apartment in Kuwait as a foreign citizen and to ensure that you comply with all the conditions imposed, including those mentioned above.

Approvals to foreigners when buying an apartment in Kuwait

It is important to specify that if you want to buy a house in Kuwait, you must make an application in this regard. This application must be verified by the Ministry of Justice in Kuwait. This ministry is also the authority that can approve the respective request or refuse it if all the conditions are not met. It is essential to have legal assistance at hand to prepare the necessary application to be able to buy a property in Kuwait.

What are the conditions for buying a house in Kuwait through a loan?

Here are some criteria that apply when buying an apartment in Kuwait through a mortgage:

  • Must have Kuwaiti nationality and not be below 21 years old.
  • The applicant must not have received housing welfare from the Kuwaiti government.
  • The applicant must not own a property larger than 200 square meters.
  • It is not accepted to rent the property after the purchase.

Our law firm in Kuwait can provide you with more information on how to obtain a loan when you want to buy an apartment in Kuwait or another type of property.

Some details about property prices in Kuwait City

If you want to buy a property in Kuwait, it is good to get an idea about the prices in Kuwait City, the capital of the country, for example, but also other details:

  • The price per square meter for an apartment in the city center is approximately KWD 1,965.
  • Prices are more affordable outside the city center, where the price per square meter is around KWD 950.
  • Around 6.21% is the mortgage interest rate, for a 20-year fixed-rate loan.

So, if you want to buy a house in Kuwait, you can opt for the services offered by our lawyers in Kuwait. We are also at the disposal of those interested in relocation with the services offered by our immigration lawyers in Kuwait. In addition, foreigners interested in company formation in Kuwait can benefit from our service packages at affordable prices.