In our endeavor to serve our customers efficiently and thus create various transactions to facilitate the process of owning the required local property, KFH tailors the Ijara service with option to own to meet its customers' aspiration. We intend to provide the Ijara service with option to own as it offers lots of advantages to all customers.
It suits all income levels and yet meets all customers' requirements in having the residential properties villas,or commercial and investment properties like complexes .
It also gives the benefit to own the property beforehand and as a result the customer saves some of the profit charges once he settles the rent of the property.
Local Real Estate Department Services at Baytak
The Local Real Estate Department at Baytak has a deep-rooted history of almost twenty years of experience and know-how that enable it to offer distinguished real estate services to its customers. The Department exerts its utmost efforts to provide the best services to the customers at the earliest possible, encourage the local construction and the real estate investments, contribute to the development of the construction boom in the State of Kuwait, fulfill the young people’s dream of finding the appropriate residence at record prices and adopt flexible and profitable methods to satisfy the customers and participate therewith to make a better future for everyone.
The Department offers a bunch of real estate services and products as it deals with all the types of realties including lands, residential, investment and commercial real estate properties and public utilities like industrial and agricultural plots and chalets.
It consists of providing real estate properties to the individuals and companies that wish to benefit from the realties and do not have sufficient liquidity to purchase the same. The lease shall be terminated by the tenant’s ownership of the real estate property upon the expiry of the lease period agreed upon in a way that fulfills some investors and customers’ requirements in using their savings by trading with real estate properties and developing the same.
Product advantages:
- Easy dealing.
- Financial burdens less than the other purchase systems.
- Short, medium and long-term financing that suits the customers’ requirements.
- Owning the leased real estate property at the expiry of the contract.
- Offering new investment opportunities to the customers and investors to develop their realties and use their savings.
- Possibility of forfeiting the lease profits for the remaining period in case of settlement of the ownership prior to the end of the lease period.
- Possibility of dealing according to the lease system (payment after a year) or (monthly installments that reach 10 years).
Conditions of acquiring the financing products:
To acquire one of our financing products including the sale by installments, morabaha, lease or external realties, the following conditions shall be fulfilled:
- The financing amount depends on the customer’s monthly income with the wife if she participates to the same.
- The salary shall be transferred to Baytak.
- The customer shall pay an advance payment of the amount of the real estate property required to be purchased or leased.
- Statement on the work period and the service termination (for the expatriates).
Papers required to acquire the product:
- Certificate of validity of the salary of the customer and the partner if any, as well as the sponsor if any.
- The Civil Card and nationality of the customer, sponsor and partner is any.
- Any other documents in case there is an income other than the salary.
- The presence of a sponsor who fulfills the conditions (according to the controls).
- The marriage contract in case of addition of the wife’s salary.
- Photocopy of the passport.
Real estate owner’s particulars:
- Photocopy of the Civil Card, nationality, document.
- Plan of the area.
Locations of Services
- FAIHA
- FAHED AL-AHMAD
- ANDALUS
- KHEITAN
- KUWAIT CAPITAL HEAD OFFICE
- KUWAIT CAPITAL MAKKI JOMAA TOWER