Back in April I noticed a large area of land was being cleared opposite The Green Island on the Gulf Road. The area turned out was being prepped for a new real estate project by KIPCO and a few days ago they launched the project officially with press releases and interviews. KIPCO are aware of how unique and rare this plot of space is which is why they will be setting an example with the high level of planning and construction and from what I’ve read and seen, looks like they’re on track. They’re basically building a whole neighborhood from the ground up. This was my favorite bit from the press release:
The land plot measures 227,066 sqm, of which close to 50% is dedicated to public services and amenities. This includes gardens, open public spaces, urban plazas, streets, multi-story public parking and utilities. Gardens and green areas across the project have been allocated 23,400 sqm. [Source]
Finally someone is doing it right and based on the photos it looks like there will also be sidewalks. You would think sidewalks would be something common but just try walking around a residential neighborhood like Salmiya or Salwa, no sidewalks to walk on.. at all. Also good to see lots of space being utilized for gardens and public spaces. In the 80s when I was a kid, me and my friends used to play in empty sand lots in our neighborhoods, football, marbles, whatever but today kids don’t have those spaces. All the empty plots have either been replaced with towering buildings or are filled with cars so it’s great that KIPCO are putting aside 50% of the land for public services and amenities.
Check out the video of the project below which should give you a much clearer overview of the whole project.
35 replies on “Hessah Al Mubarak Real Estate Development Project”
Did they release the pricing schemes for the apartments? Are the apartments going to be rent or are they selling? It would be great to allow selling apartments to expats at it will create a multi national community which this country lacks.
They will sell it to kuwaities and expats
they said only Kuwaitis and GCC for now,
I am pretty sure the prices are going to be hella pricey since it is on the gulf road and has a beach view.
Expats can own property in Kuwait? Since when?
if the expat country allow Kuwaitis to own property
they can petition to be allowed to buy property
not sure of what are the other requirement , but i saw couple of Decrees giving a foreigner the right to buy a house
I think the main reason Kuwait won’t approve of expats owning land is that Kuwaiti citizens themselves already have issues with housing. So safe to say housing is prioritised to Kuwaiti citizens.
Expats can own specific types of property from what i have gathered, as for housing i believe they have the right to own apartment flats and such housing projects, but are not allowed to buy a villa or 2-3 floor house.
This is great! Finally great plans for smart urban spaces that are actually being implemented! I wish them all the best. 🙂
When will it be completed by?
By 2020
Something big like this coming closer to the embassies?
Most of the embassies moving to the West Mishref area where they already have a bunch
That makes sense now.
Sorry to be a spoilsport but if you look at the density of the towers that they propose from the video it looks that the traffic jam on Road 30 and Arabian Gulf is going to be something really horrible.
I was just thinking the same!
Riiigghht… Lets revisit this post on open day and compare what was promised Vs what was delivered.
I am really curious to know how much apartments would cost, as I would not mind buying and living in such an area
Considering Tamdeem Square which is located in a worst area and is a much smaller project its going for around 250,000KD per apartment (starting from) then I’d expect this to cost even more. Starting from 300,000-400,000 maybe?
That would be terrible
Why would it be terrible? tbh its worth every penny, its a place where you actually want to live and you will have a lovely environment which might even be close to where you work plus in kuwait 400K can’t get u a decent house. lets not forget, its right outside the capital. Considering most of the mad, closed minded people won’t be able to afford to live there makes it even better! Just cause you can’t afford a rolls royce doesn’t mean its terrible mate, it just means its aimed at certain market.
Its not 2014 anymore. Prices have dropped. 400k will get you a NEW 540m² corner house in bayan. Or 15yr old house in qadsia.
You can get a pretty good house for 400K. And since pretty much no one can afford an apartment at that price, and anybody who has that amount would buy a house anyway, we’re looking at the 1%, so basically they will be left empty, used as a party getaway or rented for expats.
400,000KD
Thats a 1.3 million euros.
Can get you a beutiful 4 bedroom house with your own garden and maybe a small pine forest in the mountains around Zurich and a life residency in EU.
A few things. I saw the houses in Switzerland, none were that low for the good quality at that price. I’m afraid Zurich isn’t really as important as geneva which is the economic capital of Switzerland… 1,18 million euros (the correct conversion of 400,000 KD) can’t get you much there… a pine forest, 4 bedroom house with a garden 400,000 KD? we are talking about Switzerland right? not Swaziland. Basically these are high quality apartments in a high end compound which will have a business district and is in the capital, find me something like that in London, New York or even Dubai and ill eat my own shirt.
“1,18 million euros (the correct conversion of 400,000 KD) can’t get you much there”
you have no idea what you are talking about mate
https://www.engelvoelkers.com/en-ch/properties/buy-house/zurich/
cheapest 4+ bedroom is $1,250,000
before I start shitting all over it, obviously, its better than nothing. That said, a few comments :
Its still not a proper gated community like the ones you find all over the world and in the Middle East in Cairo, Dubai, Abu Dhabi, Bahrain and even Lebanon. Its mind baffling that Kuwait which barely used most of its land doesnt have a few dozen Arabian Ranches style compounds. Even Jeddah has a few here and there!
We all know that rents and selling prices are going to be too high.
We all know that they’re going to make almost impossible for expats to invest/buy, and if they do allow it, it’ll be one of those shady 100 year rental agreements whereby you dont actually own it.
It’ll probably make Gulf Road even more crowded than it already is, especially in that area similarly to the way JBR is a clusterfuck.
The End
Geneva is a small boring town and you can never compare it to Zurich the bank and economic capital of Switzerland. A friend of mine bought a great new house near Zurich with 500,000€.
I know what I’m talking about.
exactly
Looks ambitious and cool, would be amazing to finally have pedestrian friendly areas haha
What about parkings? Is it gonna be as messy as Salmiya or Hawalli?
Is this the area next to the Embassy zone? I always thought it was a graveyard.
Maybe our grandchildren will live to see it, after all this is Kuwait!
Uninspired concrete block…this isn’t Masdar City.
They better have massive underground parking for all residents and visitors or else…..