Kuwait Real Estate Market Surges to 1.01 Billion Dinars in 112 Days

Kuwait’s real estate sector has recorded strong momentum since the beginning of the year through April 22, with total transactions reaching approximately KD 1.01 billion across 1,331 deals within a period of just 112 days, according to official statistics issued by the Ministry of Justice.

The data reflects sustained activity across all major segments of the property market, with the private residential sector leading in terms of transaction volume. This sector recorded 898 deals with a total value of KD 360.9 million, making it the most active segment during the reporting period.

The investment sector came in second, achieving transactions worth KD 342.7 million through 340 deals, while the commercial sector registered KD 179.7 million across 43 transactions, reports Al-Rai daily. The industrial sector contributed approximately KD 40.3 million through 22 deals, while the coastal strip recorded around KD 35.1 million distributed over five transactions.

Market activity during April highlighted continued diversity in residential property prices across different regions of the country. In West Abdullah Al-Mubarak, a 400-square-meter house was sold for KD 300,000, while a 500-square-meter plot in Al-Daiya was traded at KD 630,000.

In Jaber Al-Ahmad City, a similar-sized property was sold for KD 325,000, whereas in Sabah Al-Salem a house of the same area was sold for KD 190,000. In Al-Oyoun, a 297.6-square-meter property was sold for KD 150,000. In Al-Mutlaa residential city, transactions for 400-square-meter homes ranged between KD 250,000 and KD 410,000, reflecting ongoing demand in the new residential districts.

Additional deals included a house in Al-Wafra residential area for KD 151,000, a property in Jleeb Al-Shuyoukh for KD 244,000, and a house in Ishbiliya that reached KD 718,000. The Yarmouk area witnessed notable high-value transactions, including a deal worth KD 1.8 million for a 842.5-square-meter property, alongside another transaction valued at KD 950,000 for a similar-sized plot. In Salwa, residential prices ranged between KD 570,000 and KD 800,000, while an apartment in Northwest Sulaibikhat was sold for KD 212,000.

Additional transactions included a house in Sulaibikhat with an area of 300 square meters sold for KD 191,500, and another in Ardhiya of the same size sold for KD 220,000. The industrial sector also showed active movement, particularly in Al-Ardhiya Industrial and Al-Fahaheel.

In Al-Ardhiya Industrial, ten transactions were recorded, including a warehouse of 2,000 square meters sold for KD 4.4 million and an industrial building of 1,137 square meters sold for KD 4.1 million, while other warehouses of 1,000 square meters ranged between KD 2.8 million and KD 3.5 million. In Al-Fahaheel, 12 transactions were recorded, with industrial land prices ranging between KD 731,000 and KD 1.3 million.

High-value transactions further highlighted the strength of the market, with a coastal strip property in Al-Bida’a area of 7,369 square meters sold for KD 13.6 million. In the commercial sector, a building in Al-Dajeej was sold for KD 10 million, while a commercial complex in Farwaniya recorded KD 7.6 million. A commercial building in Salmiya was sold for KD 6.5 million, alongside warehouse and industrial deals in Al-Ardiya valued at KD 4.4 million and KD 4.1 million respectively.

In addition, commercial land deals in Sabah Al-Ahmad Sea City ranged between KD 4 million and KD 6 million. Overall, the figures point to continued strength and liquidity in Kuwait’s real estate market, particularly in residential and investment segments, alongside steady demand for high-value commercial and industrial properties.