Tag Archives: Non interest loan Kuwait

Don’t Delay Applying For a Free Land / Plot in Kuwait

This issue is one of the issues that I never understood. I would say 90% of my friends who are married never applied for a free land from the Public Authority for Housing Welfare. Most of them complain of not having their own home and about constantly renting and moving from one place to the other.  When I tell them to apply to get a free land. They either reject because they want better locations or they keep delaying for no reason. The problem is that most of them have been waiting for more than 10 years and still didn’t apply because of this hope of getting a land very close to Kuwait City. The main issue is that the free interest loan of 70,000 KD is being inflated big time and it is being inflated more on yearly basis. The value of this 70,000 10 years ago is much more than what it is today. By the time they receive the lands by 2030-2040. The 70,000 KD will be the cost to build 2 small rooms only. The other issue is that lands became smaller where the size used to be 600 meters, and now it is 400 meters. I believe it will continue shrinking over time, so the best thing to do. Is just to apply and secure something rather than constantly waiting for something that most probably won’t happen. It is puzzling when I see most of my friends living at their parents home with other siblings who are married as well and they complain about the house being congested and they still never apply for a free land. My recommendation is to get any land ASAP. Securing something even if it is far for the time being is better than not securing anything at all.