During the third week of November, the Kuwaiti real estate market saw exceptional activity, with 167 real estate transactions totaling KD102.8 million.
The residential, commercial, investment, and coastal strip real estate sectors accounted for the majority of transactions, with the remaining real estate sectors being nonexistent.
According to data from the Ministry of Justice’s Real Estate Registration and Documentation Departments, 70% of all transactions, or 118 transactions totaling KD50 million, occurred in the private sector between November 16 and November 20.
This illustrates the ongoing demand for private housing across the nation, which is fueled by the recent rise in the availability of available land as well as the upcoming implementation of the law limiting the monopolization of vacant property.
Given the relative stability of investment returns and bank interest rates, the investment sector registered 46 transactions totaling KD41.5 million, suggesting a trend among investors toward income-generating assets.
The coastal strip sector saw one noteworthy transaction of KD20 million, indicating the sector’s continued appeal despite its low activity, whereas the commercial sector had only two transactions totaling KD11.3 million. Due to some large-scale transactions in residential expansion areas, Ahmadi Governorate came in second with a total of KD23 million in real estate transactions, while Hawally Governorate ranked first geographically with 50 transactions totaling KD38 million.
Due to the capital’s advantageous positions and prices, the Jahra Governorate ranked third with 19 deals totaling KD6 million, followed by the Capital Governorate with 18 transactions totaling KD21.4 million. Mubarak Al-Kabeer Governorate came in last with 16 sales totaling KD6.4 million, while Farwaniyah Governorate also reported 18 transactions totaling KD8.2 million.