Latest News
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
- Peddlers Caught With Drug Pills And Crystal Meth
- PAFN Shuts Down Restaurants And Bakeries Over Violations
- MoI Officer And Lawyer Jailed On Fraud Charges For Bad Cheques
- Thousands Of Bangladeshis Gathered To Pray For Rain
- Kuwait University Symposium Addresses Student Counselors' Role I...
- Kuwait Affirms The Importance Of Group Work In Addressing Common...
- Urgent Call For Kuwaitization: Civil Service Commission Aims For...
Around 70 Percent Of The Real Estate Market Could Be Fraudulent
Around 70 percent of the real estate market in the United Arab Emirates (UAE) could be fraudulent as observed in purchase transactions of apartments, houses and land in the real estate exhibition hosted by Kuwait, reports Al-Shahid daily quoting sources.
In his statement, sources disclosed the court is now looking into a number of cases filed by citizens against real estate offices after allegedly discovering that the pieces of land they bought during the exhibition are located in bare valleys while the houses are only on paper. Sources said some victims have consulted the concerned government bodies in the UAE to inquire about the locations of the real estate properties they purchased and they were surprised when told that the land areas are not for sale.
Also, the apartment buildings featured in the exhibition turned out to be dummy as such structures are not permitted in the specified areas while the fraudsters have yet to be identified. It turned out that a company in the UAE conspired with the owners of dummy real estate properties to provide information to their contacts in Kuwait, in addition to the presentation of fake maps and blueprints, sources narrated.
Â
SOURCE : ARABTIMES
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
Comments Post Comment