It’s apparent how the real estate sector boomed in Kuwait for the past years which made so much revenue to landlord owners who benefited from their properties. Then the real estate market witnessed around 30% decline due to the crises that happened in 2008 which was also a good opportunity for people to purchase properties. However those who didn’t have money to purchase were helpless.
Other options available was investing in real estate funds which give higher returns for those who don’t have purchasing power to buy real estate.
Gulf Bank recently introduced a real estate fund structured by MARKAZ which is a well known investment company in Kuwait. This fund practically gives you 7% return on your investment per year (on number of units invested) or 5.37 % monthly on your funds. The returns are distributed on monthly basis and you can redeem your capital only after 6 months of subscription. Since rates on fixed deposits are down this would be a good option for people to invest in the real estate fund.
For more info visit Gulf Bank branches or call 1 805 805.