REAL ESTATE DEALS FROM OCTOBER 30 TO NOVEMBER 3

  • 14/11/2022

Kuwait City: Between October 30 and November 3, 2022, there were approximately 106 million KD worth of real estate transactions (contracts and agencies). During that time, there were approximately KD 104.5 million in contracts and KD 1.33 million in agencies related to real estate transactions. According to the most recent statistics on the movement of real estate transactions in the real estate registration and documentation departments of the Ministry of Justice, there were a total of 148 real estate deals (143 contracts and 5 agencies). 


With 45 deals, Hawally Governorate led all other governorates in private housing transactions, with 37 deals coming from Ahmadi, 10 from Capital, and 9 from Mubarak Al-Kabeer. With only six and two deals, respectively, the governorates of Farwaniya and Jahra had the lowest number. Statistics from the Ministry of Justice show that 109 transactions totaling KD 59.73 million were made in private real estate contracts. 

The value of investment real estate contracts traded was KD 42.36 million through 32 real estate deals during the five days. The value of transactions in artisanal real estate contracts was KD 2.47 million through two deals. In this regard, the commercial real estates, exhibitions, stores, nursery and coastal strip did not witness any movement during the aforementioned period. Regarding agency transactions, the private real estate witnessed five deals worth KD 1.33 million, which were concentrated in the areas of West Abdullah Al-Mubarak, Sabah Al-Salem, and Wafra residential.

There were also two deals in the marine city of Sabah Al-Ahmad. The investment, commercial, craft, exhibitions and other real estate and coastal strip did not witness any changes during the same period. The value of private housing trades in October was about KD 157.19 million through 338 deals. The investment real estate trades recorded about KD 97.76 million through 114 deals.

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