Kuwait’s real estate market experienced a notable surge in transactions lately according to the latest weekly statistical report from the Real Estate Registration and Documentation Departments at the Ministry of Justice.
The report reveals that from July 8 to 11, a total of 93 properties were traded during this period, with a total value of approximately KWD92 million ($300.86 million). This represents a significant 14 percent increase, equivalent to an additional KWD13 million compared to the previous week’s trading value of KWD79 million.
Private and investment property transactions
The statistics show that 64 private properties were registered this week, totaling around KWD42 million — an increase of KWD16 million from the prior week. In contrast, 24 investment properties were recorded for KWD24 million, marking a decrease of KWD19 million compared to the previous week. Additionally, the transactions included a craft property worth KWD1.29 million, down from 4 craft properties valued at KWD3.8 million the previous week.
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Other property registrations
The report also noted registrations for a warehouse property at KWD2.55 million, a coastal property at KWD1.6 million, and two commercial properties totaling KWD21 million.
Regional breakdown of transactions
Regionally, the Hawalli area led the transactions with a total value of KWD34.7 million, the highest among Kuwait’s six governorates. It was followed by Mubarak Al-Kabeer Governorate with KWD21 million, the Capital Governorate with KWD15.1 million, Ahmadi Governorate with KWD8.3 million, Farwaniya Governorate with KWD5.7 million, and Jahra Governorate with KWD2.1 million.
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