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Violators of property marketing rules to face legal action
October 22, 2016, 4:20 pm
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Anyone breaching real estate exhibition regulations will face the full extent of the law, warned the Undersecretary at the Ministry of Commerce and Industry Khaled Al-Shimali.

Speaking on the sidelines of the Elite Real Estate Exhibition at the International Fairgrounds in Mishref, the undersecretary said his ministry is keeping a close watch on companies which market properties, whether inside or outside Kuwait to make sure they abide by all relevant advertising and marketing rules and regulations.

Al-Shimali noted that the presence and monitoring by state bodies such as the Ministry of Commerce and Industry, at real estate and other exhibitions will boost the confidence of visitors in the event and products being sold by exhibitors.

He pointed out that the Ministry of Justice officials are on hand at real estate exhibitions to provide legal advice to buyers on the legal documents and procedures to be initiated before purchasing real estate units. He added that real estate exhibitions offered potential buyers and investors various investment opportunities both inside and outside Kuwait.

Meanwhile, the CEO of Eskan Global Group, the organizer of Elite Real Estate Exhibition Mahmoud Afifi said that more than 100 real-estate projects from around the world, including from Kuwait, were exhibited during the four-day Elite Exhibition and that his company hopes to organize new editions of the exhibition four times a year in future.

 

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