In a single week, Kuwait recorded 151 million dinars in real estate transactions

 
 
 

The Real Estate Registration and Documentation Department at the Ministry of Justice has reported a dynamic week in Kuwait’s property market, with 150 real estate contracts traded between June 22 and June 30. The total value of these transactions reached approximately KD 151 million, reflecting robust demand in both the private and investment sectors.

According to official statistics published on the Ministry’s website, private real estate topped the market in terms of volume. A total of 95 properties were sold during the week, amounting to KD 39 million.

Investment Real Estate and Commercial Properties Lead in Value

Investment properties came second in number with 48 transactions, but surpassed private deals in value, totaling KD 54 million.

The commercial sector followed with only five deals, but these were high-value transactions, collectively worth KD 52 million.

The crafts sector recorded a single transaction valued at KD 2 million, while a coastal strip property fetched KD 4 million.

The consistent movement in Kuwait’s real estate market points to investor confidence and ongoing development. The surge in commercial property values suggests a focus on high-return assets, while strong figures in the private sector reflect continued demand for residential housing.

This activity aligns with recent government reforms aimed at facilitating property ownership and improving real estate transparency.

  
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