Kuwait has continued the expansion and diversification of its real estate sector, with progress being made on a series of new mixed-use and entertainment-focused developments.
Kuwait Real Estate
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Stronger economic growth and increased domestic employment levels could increase access to credit for real estate in Kuwait, although a decline in the number of expatriates, along with excess stock, may pose challenges for the rental market.
Economic update | Kuwait’s real estate sales rebound
16 Apr 2016
Real estate sales in Kuwait rebounded in February, following a slowdown in recent months, with commercial sales outpacing residential for the first time in eight years.
Economic update | Kuwait homes in on property market
29 Apr 2015
Last year saw a record high in real estate sales, which surged 18.5% year-on-year (y-o-y) to KD4.3bn ($14.3bn). Sales in the investment segment rose 30% to a value of KD1.8bn ($6.0bn), while residential sales increased 5% to KD1.9bn ($6.3bn).
While real estate sales in Kuwait exceeded $1bn in the first month of 2014, a shortage of housing at the lower end of the market continues to represent a challenge.
With rising demand for residential units starting to match interest in commercial space,
Kuwait’s real estate sector appears set to see greater activity in the second half of the year. However, high prices and a shortage of supply in some segments may put a dampener on sales growth.