In the first ten days of October, Kuwait’s real estate market saw robust activity, registering 184 transactions totaling KD 131.97 million. The Real Estate Brokers Union noted that the private real estate sector was at the forefront, accounting for 75.5 percent of these transactions. This sector alone carried out 139 transactions, bringing in KD 65.22 million, which represented 49.4 percent of the total trading value for the period.
Following closely, the investment real estate sector recorded 38 transactions worth KD 33.22 million, securing the second spot. The commercial sector, although less active, managed to complete four deals amounting to KD 26.2 million. Activity in the crafts and exhibitions sectors was relatively subdued, with the crafts sector seeing two transactions valued at KD 2.53 million and the exhibitions sector completing a single deal worth KD 4.8 million.
Transaction activity was notably high in the Ahmadi Governorate, which topped the list with 60 transactions, split between 42 in the private sector and 18 in the investment sector. The Capital Governorate followed with 35 deals, mainly in the private sector, along with a couple in the investment sector and one in the commercial sector. Farwaniya reported a diverse set of 28 deals spanning the private, investment, commercial, and crafts sectors.
The Hawally area saw 26 deals, including 14 in the private sector and 11 in the investment sector, plus one in the commercial sector. Mubarak Al-Kabeer accounted for 18 transactions distributed among the private, investment, craft, and exhibition sectors. Lastly, the Jahra area had 17 transactions, predominantly in private housing, with one in the investment sector. This vibrant activity underscores the ongoing dynamism in the real estate sector across various regions of Kuwait.
