Kuwait's Real Estate Market Booms with 3.88 Billion Dinar Transactions in Six Months

Kuwait’s real estate market has witnessed a robust performance, with 4,873 transactions totaling approximately 3.88 billion dinars over the past six months, from June 16 to December 17. According to data from the Real Estate Registration and Documentation Department at the Ministry of Justice, the market has shown a strong and steady growth across various sectors.

Private housing transactions accounted for the largest share of market activity, with 3,261 deals valued at 1.34 billion dinars, representing 66.9 percent of total transactions. This segment has seen a mix of low-priced and high-value transactions, reflecting the diverse needs of the market. For instance, a 600-square-meter house in Sabah Al-Ahmad Residential City was sold for 190,000 dinars, while a 2,000-square-meter property in Al-Nuzha fetched 4.8 million dinars.

The investment sector ranked second, recording 1,308 transactions worth 1.49 billion dinars. This sector includes a variety of properties such as commercial buildings and plots, which are often sought after by investors looking for long-term returns. Notable deals in this segment include the sale of a 17,450-square-meter commercial plot in Sabah Al-Ahmad Sea City for 13.66 million dinars and a 9,448-square-meter plot in Al-Egaila for 28.34 million dinars.

The commercial sector saw 223 transactions valued at 896.79 million dinars. This segment includes both small and large commercial properties, with significant activity in areas like Sabah Al-Ahmad Sea City, where 641 deals worth 184.7 million dinars were recorded. Major multi-million-dinar deals were also concluded in Al-Dajeej, including the sale of exhibition plots for 40 million and 43.18 million dinars.

The industrial sector registered 70 transactions worth 126.79 million dinars, covering warehouses, buildings, and craft plots in areas such as Al-Ardhiya, Abu Futaira, Al-Fahaheel, and Sabah Al-Ahmad Sea City. Industrial deal values generally ranged between 1.2 million and 5.9 million dinars, with the exception of a large craft-designated land sale in Sabah Al-Ahmad Sea City covering 340,520 square meters.

The coastal strip, while a smaller segment, also saw activity with 11 transactions totaling 29.52 million dinars. This area is often sought after for its strategic location and potential for high-end residential and commercial developments.

In the private housing segment, several low-priced transactions were recorded, including the sale of a 600-square-meter house in Sabah Al-Ahmad Residential City for 190,000 dinars and a 400-square-meter house in Al-Wafra Residential City for 150,000 dinars. At the higher end, million-dinar deals included a 750-square-meter house in Jabriya sold for 1.25 million dinars, another in Abdullah Al-Salem suburb for 1.4 million dinars, and a 2,000-square-meter property in Al-Nuzha sold for 4.8 million dinars. A residential plot in Al-Khalidiya was sold for 1.75 million dinars.

Al-Mutlaa City recorded 202 transactions worth 64.6 million dinars, with prices ranging from 200,000 to 485,000 dinars. Meanwhile, prices in South Abdullah Al-Mubarak rose to between 304,000 and 630,000 dinars, reflecting increasing population density and demand. West Abdullah Al-Mubarak also witnessed strong activity, with 27 transactions totaling 13.34 million dinars.

In the commercial sector, notable activity included transactions in Sabah Al-Ahmad Sea City, where 641 deals worth 184.7 million dinars were recorded, including the sale of a 17,450-square-meter commercial plot for 13.66 million dinars. Major multi-million-dinar deals were also concluded in Al-Dajeej, including the sale of exhibition plots for 40 million and 43.18 million dinars. Other significant commercial transactions included land designated for parking in Salmiya sold for 9.5 million dinars, commercial plots and buildings in Sharq and Salmiya exceeding 9 million dinars, and a 9,448-square-meter plot in Al-Egaila sold for 28.34 million dinars. Two commercial buildings in Al-Jahra were sold for 5.8 million dinars each.

The industrial sector recorded 70 transactions totaling 126.7 million dinars, covering warehouses, buildings, and craft plots in areas such as Al-Ardhiya, Abu Futaira, Al-Fahaheel, and Sabah Al-Ahmad Sea City. Industrial deal values generally ranged between 1.2 million and 5.9 million dinars, with the exception of a large craft-designated land sale in Sabah Al-Ahmad Sea City covering 340,520 square meters.

During the period from December 1 to December 11, a total of 262 real estate transactions worth 212.86 million dinars were recorded. Ahmadi Governorate led activity with 84 transactions, representing 32 percent of the total, followed by Hawalli with 70 deals, Mubarak Al-Kabeer with 37, the Capital Governorate with 25, and Al-Jahra with 20.

Overall, the real estate market in Kuwait continues to show strong resilience and growth, driven by a combination of increasing population, economic development, and strategic investment in key sectors.