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Tamdeen Square Apartment Pricing

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Tamdeen are developing a new residential project called Tamdeen Square which will be located near Messilah on the Fahaheel Expressway (rendering above). They’re betting on the fact that skyrocketing house prices, a huge waiting list for government-issued houses and their distance from the city centre means that many Kuwaitis will prefer the convenience of apartment life. But how much will these apartments cost? They’ll start from KD265,000. Is it me or does nearly a million US dollars for an apartment in a huge complex that really isn’t in a prime location sound absurd? And that’s just the starting price so it would be the smallest apartment on the lowest floor.

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54 replies on “Tamdeen Square Apartment Pricing”

Come on, is it not worth it even though you have unlimited shitting ground for your dogs right around the whole complex!! Only that is worth a lot of money.

The price is absurd. I don’t think anyone in their right mind would pay it. For 265,000 KD you can buy land not far from there (Funaitees, Abu-Futaira) and then use the government loan of 70,000 KD to build it. It may work had property ownership been open to foreigners, but that is not the case.

True, but if you need a bigger place because you are a family (so paying at least KD 750 to KD 1000 rent) and are planning on staying in Kuwait for a long time, then that comparison, although very valid and painful, doesnt apply since the whole idea of buying instead of renting is so that when you do leave, you can sell the apartment and make at least as much money as when you bought it, and if youre lucky and prices went up, you might actually make a profit too. That said, in this economic and political climate, even if i had the choice,I’d rather keep on renting and not risk losing the entire amount due to some unexpected calamity since the entire region is unstable…

The location is actually pretty good for suburban life and you could probably make it to Kuwait City in the same time as someone who lives in the middle of Salmiya or Hawally

I would much rather put my money on an apartment in Dubai and rent it out. Long term, I don’t think Kuwait is the best place to invest in.

If you’re thinking of it that way, long term you shouldn’t be putting money in the Middle East period. Kuwait is a stone’s throw away from Dubai.

If it weren’t for its proximity to oil producing countries and Abu dhabi, it would be the fraction of the city it is now. A couple of years ago, Abu Dhabi even had to bail out dubai because of the financial crisis.

This is beyond absurd. Who would buy an apartment with such price in a not so prime location?

Some rich people, or property speculators might buy this, then rent it out to expat executives who’s companies pay their rent. That’s how it’s usually done. Most Kuwaities who buy apartments do so for the purpose of renting them out and making money. There is a big gap developing in the Kuwaiti society between those who own property, and those who live on rent. Those people are unable to able to afford any property other than subsidized government housing, which takes up to 20 years on waiting lists.

Admittedly, the “smallest” apartment for sale is a three-bedroom apartment [all ensuite] with a maid’s room and driver’s room included. I forget how big the apartments are – somewhere in the neighborhood of 200 square meters, give or take – but the finishes should be top-of-the-line and apparently there’ll be sea views from all apartments due to the way they’ve been laid out throughout each tower. There will also be four “penthouses” which will essentially be five-ensuite bedroom duplexes [500+ square meters] occupying the tops of the towers… and those monsters cost between 520000 to 570000 KWD. Almost 1.75 million… For an apartment. In Sabah Al Salem.

I understand that Tamdeen is going for the top of the market with their quality, design and name but over 800000 USD for what is ultimately an apartment with annual maintenance fees, not the greatest facilities [indoor pools only, no balconies] and not the finest location is very, very steep. Unless loaded individuals or families are buying into this, the average Kuwaiti is never going to be able to get their foot through the door of one of these without the help of a long and potentially crippling loan. The housing market is also currently seeing falling prices now that several new government housing projects are coming online and flooding the market, so the question remains of how sustainable and optimistic private companies like Tamdeen are with their high prices.

Even of I had 1 million USD, I would not spend it on this, no matter how big, or how good the finishing is. because obviously I am not crazy. What are the owners thinking?

That block of sabah alsalem is destined to be the new hawally. With very shitty exits, sardine sized apartment buildings, theres already a school there, and that part of fahaheel highway already has heavy traffic most of the time, and its not even half built.

“isn’t in a prime location”

are you for real mark? it’s in freaking messilah (ok near it) beautiful beach, best neighborhood in kuwait, away from the city buzz yet close, and just in the center of kuwait, you could go north to kuwait city (30 min) or south to fahaheel/wafra (30-45 min) easily. it’s the most prime location in kuwait where you can be connected and yet away.

the price is crazy tho.

It’s not where u think it is, it’s across on the other side of the highway where the gym and McDonalds is. The neighborhood there is fairly ghetto.

so it’s not on the sea side near that beautiful baroque villa? why even bother building 1 million apts if they won’t overlook the sea but rather the highway?

You can see the sea from high up enough but yeah it’s on the other side. And you’re the first person to call Villa Akbar beautiful 😛

High up to view the sea and pay over KD 500,000 for that. Lovely. I’d rather wear my bathing trunks, drive over to Messila beach, lay out there and laugh at those living across in that complex.

oh hell no I didn’t mean that aladdin las vegas crap. I meant the baroque style one near the highway, you know with the grey french dome?

The towers are built above a podium comprised of several floors of overground parking – you can see them as the grey parts at the bottoms of the buildings.

First of all i have to mention that Tamdeen group is one of the best companies in Kuwait in term of building quality. but i dont think to pay almost 1 Million US Dollars for a building that located in such crowded place. that area is no longer like before where traffic jam 24/7 + try to convince me why would i pay 1M USD for apartment in Kuwait specially that the law in term for tenants is really old. apartments are good for foreigners in kuwait not for local people because for its convenient. wish everyone all the best to get their dream house in Kuwait or abroad.

The entire point of buying an apartment is that land prices have gotten unsustainably high. For 260k+ you can actually buy a house… I don’t see the point. Would rather own a house.

Every time i drive by there on Road 30 it smells like sewage. I hope they fix the sewage smell problem there when the apartments are opened. Nothing like a million dollar house smelling like a slum in Bombay!!!

This reminds me of the fancy building that was built in Mahboula, the units were 2 story units supposedly with an elevator that brought your car up. The units went for 250,000 KD more than 9 years ago. No one bought any, they rented some out to companies and recently they turned them into clinics, and Rasha Chic took the bottom floor and turned it into a mall. There is also a huge Tijaria? complex facing highway 30 that has a few units filled. They should build complexes like they do in the states that have parks, pools and gyms. Access is given to those who live there but of course the price of land shoots down those ideas.

Alas, people get bigger and flats get smaller.

whats really needed here are compounds like The Springs in Dubai that target the middle class and have lakes, a club house, parks and supermarkets etc….

Haha! It’s priced rightly just a bit high.
In Mumbai, India a 2bhk costs around 200,000 KD. So for a country like Kuwait where there is much more safer roads, cleaner surrounding it isn’t that bad.
Wish expats could purchase flats in Kuwait :p

Wafra land is really that cheap? One day I’m going to buy up like 300 sqm and live in a tent there I swear

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