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The Kuwaiti Ministry of Justice confirmed the holding of several real estate auctions, through which it seeks to resolve legal disputes over them, last October, and a number of real estate were put forward in various sectors, but many of them were postponed, partly because no one applied for bidding or reconciliation between the parties.
During the month of October, 32 properties were sold, all of them residential properties, with a total value of 20.8 million dinars, an increase of 7% compared to a starting price of 19.5 million, an increase of 1.4 million, according to the Kuwaiti newspaper.
As for the most prominent sales that have been made, a property located in the coastal strip area "Abu Futaira" was sold at a price of 3.08 million dinars, without an increase from the initial price, and a house was sold in the area of Al-Nuzha, an area of 1000 meters, at a price of 2.07 million, and a house in the area of Kaifan, an area of 1000 meters at a price of 1.75 million, both without an increase from the initial price.
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