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Kuwait
Decree-Law No. 114 of 2026 on the mortgage financing of those entitled to housing care in Kuwait was issued with the aim of providing housing care in a timely manner and removing the most important material obstacles that hinder this. According to the explanatory memorandum of the decree-law containing 15 articles, it was aimed at sustaining the provision of decent housing for Kuwaiti citizens in the foreseeable future, according to the Kuwaiti “news”.
Article 2 of the decree-law stipulates the extent of the application of its provisions, explaining its validity for the purposes of buying a housing unit from the real estate developer in accordance with the provisions of Law No. 118 of 2023 on the establishment and economic development of companies for the construction of cities or residential areas, as amended by Decree-Law No. 89 of 2025, or for the construction of the government voucher allocated by the Public Authority for Housing Welfare, in accordance with the conditions and controls it places in housing projects.
Article 3 of the above-mentioned decree-law stated the conditions of the beneficiary’s eligibility for subsidized mortgage financing, represented in the fulfillment of the general conditions stipulated in the list of mortgage loans issued by the Credit Bank of Kuwait for the purposes of purchase or construction, and that he did not enjoy housing care from the state in the past, whether they were allocated government vouchers from the Public Authority for Housing Welfare, and issued him a document of ownership, or obtained any of the loans granted by (the Credit Bank), whatever their value or purpose.
Article four of the decree-law clarified the provisions of real estate financing, whether subsidized or unsubsidized, and the mechanism of payment, so it decided that it is permissible to combine them in accordance with the controls and procedures set by the Central Bank of Kuwait. The same article also shows that the beneficiary is responsible for paying the origin of the subsidized and unsubsidized mortgage financing, in addition to the interest or returns of the unsubsidized financing, in accordance with the terms of the financing contract and the controls of the Central Bank of Kuwait, taking into account the state’s bearing the cost of interest or returns on subsidized mortgage financing in accordance with the provisions of this decree-law.
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