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MP propose cap in rent for private homes

Wednesday, December 8, 2021
MP propose cap in rent for private homes

MP Marzouq Al-Khalifa submitted a proposal to put a cap on rents in modern areas in a bid to prevent a rapid rise in rents. The bill proposes that rents in the Capital and Hawalli governorates must not be more than KD 2.5 per square meter, and not more than KD 2 per square meter in the governorates of Farwaniya, Jahra, Ahmadi and Mubarak Al-Kabeer.

However, the propose apply only to private homes in model areas, which are mostly inhabited by Kuwaiti families. Majority of the expatriates live in investment buildings, which is not covered under his proposal.

The bill must be approved by the National Assembly and accepted by the government to become law.

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