According to the Ministry of Justice’s Real Estate Registration and Documentation Departments’ most recent weekly statistical report, there was a significant spike in transactions in Kuwait’s real estate market from July 8 to July 11. According to the report, 93 properties were traded during this time, for a total estimated value of 92 million dinars. Compared to the trading value of 79 million dinars the previous week, this indicates a noteworthy 14% increase, or an extra 13 million dinars.
64 private properties totaling approximately 42 million dinars were registered this week, up 16 million dinars from the previous week, according to the statistics. On the other hand, 24 investment properties were listed for 24 million dinars, which is 19 million less than the week before. A craft property valued 1.29 million dinars was also sold, which is less than the four craft properties valued at 3.8 million dinars last week.
The report also mentioned the registration of two commercial properties valued at a combined 21 million dinars, a coastal property valued at 1.6 million dinars, and a warehouse property valued at 2.55 million dinars. With a total value of 34.7 million dinars, the Hawalli area led regional transactions and was the highest of Kuwait’s six governorates. Following it in order of value were the Governorates of Jahra (2.1 million dinars), Ahmadi (8.3 million dinars), Farwaniya (5.7 million dinars), Capital (15.1 million dinars), and Mubarak Al-Kabeer (21 million dinars).
