The Promenade Residences
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Overview
A 35-story seafront condominium tower adjacent to The Promenade Mall in Kuwait. It features 120 apartments with panoramic Gulf views, a rooftop pool, and a gym. Select unsold units in shell condition are available for sale.
High demand! This property is getting a lot of attention.
Consider acting fast if you're interested.
Building/Community Amenities
- 24/7 Concierge
- 24/7 Security
- Balcony / Patio / Terrace
- Clubhouse / Resident Lounge
- Community Events
- Covered Parking
- EV Charging Station
- Fitness Center / Gym
- Furnished Units Available
- Gated Community
- In-Unit Laundry (Washer & Dryer)
- Kitchen Appliances
- Laundry Facilities
- On-site Retail / Shops
- Parking
- Party / Event Room
- Pet-Friendly
- Playground / Kids Play Area
- Pool
- Private Dining Room
- Sea / Ocean View
- Spa / Wellness Center
- Walk-in Closets
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Varies by region
Foreign Ownership
Restrictions may apply to foreign buyers
Tax Considerations
Property Taxes
Annual property taxes and rental income taxes may apply
Transfer Tax
Transfer taxes or stamp duties typically apply on purchase
Inheritance Tax
Inheritance or estate taxes may apply
Important Considerations
Restrictions
- Restrictions may apply to foreign ownership
- Additional permits may be required
Required Documents
- Valid identification
- Purchase contract
- Property registration documents
- Tax documentation
Financing Options
Financing Options
Financing in Kuwait
Mortgage options vary by country. Foreign buyers typically face stricter requirements and may need larger down payments compared to local residents.
Requirements for Foreign Buyers
- 1Valid identification
- 2Proof of income
- 3Credit history documentation
- 4Property valuation