What the heck is happening to real estate prices in Kuwait? I read on the paper the other day that a small 2,800 sq. m real estate in Salmiya was sold for 77 Million Dinar (and yes you read that whooping figure right) in cash and in full, simply WTH! I can imagine that Salmiya is a high priced area but heck 77 Million Dinar can build a whole 5-star resort with a private beach and everything like those we see in Dubai or Europe. This isn’t everything because I read about other similar deals in other areas of Kuwait. This surely raises a red flag, could it be a money laundry? [link]
Update: I read on the paper that there was a printing mistake, the 77 Million are actually 7.7 Million and that there’s an investigation going on.