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Kuwait rent of apartments falls in various areas

08 Jul 2017

(MENAFN) Daily rent apartments in Kuwait fell up to KD 100 in various areas, due to several factors including the location and type of the apartment.

The Secretary General of Real Estate Union Qais Al-Ghanim said: “Any increase in the rent of accommodation in Kuwait has completely stopped. In fact, it is currently difficult to talk about increasing rents.”

Also he confirmed that the rent fell but it’s difficult to determine if it is more or less than one-third as every area is governed by different factors in this regard.

However, he explained that Salmiya area has witnessed some reduction in rents although it is not possible to determine the exact rate due to lack of official statistics.

MENAFN0807201700450000ID1095607015

MENAFN0807201700450000ID1095607015

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