What do I need to know when buying property in Kuwait?

"1. It is important to research the local market and understand the current trends in the real estate market in Kuwait. 2. It is important to understand the legal requirements for purchasing property in Kuwait, including the need for a valid residency permit. 3. It is important to be aware of the different types of property available in Kuwait, such as residential, commercial, and industrial. 4. It is important to be aware of the different taxes and fees associated with purchasing property in Kuwait, such as the real estate transfer tax and the registration fee. 5. It is important to be aware of the different financing options available in Kuwait, such as bank loans and mortgages. 6. It is important to be aware of the different types of contracts used in Kuwait, such as the sale and purchase agreement and the lease agreement. 7. It is important to be aware of the different types of insurance available in Kuwait, such as property insurance and liability insurance. 8. It is important to be aware of the different types of services available in Kuwait, such as property management and legal services," said another expat in Kuwait.