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Kuwaitis are top property investors in GCC
- Kuwait: Monday, July 20 - 2009 at 12:07
According to a survey conducted by the GCC General Secretariat, Kuwait is the number one GCC country investing in real estate, with 21,011 nationals holding real estate property in the region until 2007, KUNA has reported. Saudi Arabia came second with 7,507 of its citizens owning real state, followed by the UAE with 4,463 real estate owners, and Bahrain with 3,225, the report said. The increasing number of property owned by GCC beneficiaries in the Gulf, outside their homeland, was estimated at 6,716 in 2007 with a total of 39,000 by the end of the same year, it said.
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