Buildings For Sale

Buildings for sale in Kuwait

Searching for buildings for sale in Kuwait is one of the most in-demand real estate searches, especially for those looking to invest in Kuwait or expand their real estate portfolio in one of the most stable markets in the region.

Through the Al Waseet Net website, you can purchase all types of kuwait building and properties in all areas of Kuwait, and you can also communicate directly with the seller to ensure you get the best price.

Average Prices of Buildings in Kuwait

The property price is a key factor in your investment plan. It depends on the geographic location, building condition, and the number of floors and apartments. 

You can get a quick idea of average building prices in Kuwait through sample listings like the following:

 

• A 5-floor building in Mahboula with 10 apartments for 800,000 KWD.

• A 5-floor building in Hawalli on a 750 sqm plot for 1,480,000 KWD.

• A 9-floor tower with a basement in Salmiya on an 820 sqm plot for 2,200,000 KWD.

• A 15-floor tower in Salmiya for 2,350,000 KWD.

• A 10-floor building in Khaitan for 1,370,000 KWD.

• A 4-floor building in Old Jahra for 2,200,000 KWD.

The Best Areas to Find Kuwait building for Sale

Choosing the right location when buying a building for residential or investment purposes is an important factor, as a prime location helps ensure the apartments in the building are rented out easily or used more effectively for investment purposes.

Some of the best areas for real estate investment in Kuwait include:

• Kuwait City (the Capital):

Kuwait City stands out for its strategic location and proximity to government institutions and major companies, making it suitable for commercial, administrative, or luxury residential projects. 

Despite the high property prices in this area, it offers excellent returns.

• Salmiya Area in Kuwait:

Salmiya is one of the areas with high demand for apartments and floors for rent in Kuwait because of its proximity to the sea, malls, and educational centers, making it suitable for investors who want to achieve a stable monthly income easily.

• Hawalli Area:

If you want a residential apartment in a prime location, Hawalli is the right choice, thanks to its relatively low apartment prices compared to its high population density, making it a great option for investors.

• Khairan and Coastal Areas:

What makes Khairan and other coastal areas a good choice for investors is their prime location by the sea, which is ideal for developing hotels and luxury apartments that can be rented daily or monthly at high rates.

Can Residents or Foreigners Buy a Building in Kuwait?

Kuwaiti laws allow only Kuwaiti citizens to own buildings and towers in Kuwait. 

As for expatriates and foreigners, ownership is allowed under specific conditions such as partnerships with local investors, through Kuwaiti real estate companies offering organized investment programs, long-term leases, or sublease contracts for certain investment projects.

However, foreigners or expatriates must carry out these procedures after consulting a lawyer or a trusted real estate office to ensure compliance with local laws.

Steps to Buying Towers and buildings for for Sale in Kuwait

To ensure a successful process of purchasing towers for sale in Kuwait, you should follow some important steps:

1. Clearly define your budget to select the appropriate towers.

2. Choose the area that suits the type of investment you want.

3. Visit the property and hire specialists to inspect it.

4. Review the legal documents with the help of an experienced real estate lawyer.

5. Create a property management plan after purchase, whether by yourself or through a property management company in Kuwait.

FAQs about Buildings for sale in Kuwait

Are there towers for sale in prime areas of Kuwait?

Yes, there are towers for sale in prime areas such as Kuwait City, Salmiya, and Hawalli.

How do I choose a building for sale in Kuwait that offers a good investment return?

To choose a building that offers good investment returns, make sure it’s in a prime location to facilitate renting, and study the property and occupancy rates.

Where can I find buildings for sale in Kuwait for investment?

You can find suitable buildings for sale through the Al-Waseet Net app or website.

What is the average price of a building in Kuwait?

The average price of a building in Kuwait ranges between 1 million and 5 million Kuwaiti Dinars.

Are there commercial buildings for sale in Kuwait in prime locations?

Yes, there are commercial buildings for sale in prime locations near main roads and commercial areas.

Are residential buildings for sale in Kuwait available with tenants?

Yes, there are residential buildings for sale in Kuwait with existing lease contracts, providing immediate income.