Prime Highlights
- Real estate trading remained strong in Kuwait and Qatar, with combined weekly transactions reaching about $442 million, supported by steady demand across both markets.
- Private and commercial properties led activity in Kuwait, while Qatar saw solid interest across residential units, land, and mixed-use properties.
Key Facts
- Kuwait recorded 128 real estate contracts worth around 935 million Kuwaiti dinars, with private properties accounting for 69 deals valued at 339 million dinars.
- Qatar reported total weekly real estate transactions of about 612.2 million Qatari riyals, including residential unit sales of 123.6 million riyals.
Background
Real estate trading remained strong in both Kuwait and Qatar during the week ending December 11, with combined transactions in the two markets reaching around $442 million, according to official data released by the respective ministries of justice.
In Kuwait, the Ministry of Justice reported 128 real estate contracts during the week, with a total value of about 935 million Kuwaiti dinars. Data published on the ministry’s website showed that private properties led market activity, accounting for 69 contracts valued at 339 million dinars.
Investment properties followed with 33 agreements worth 31 million dinars, while commercial real estate recorded 25 contracts totaling 269 million dinars. In addition, one warehouse property was traded for 206 million dinars, according to figures cited by the state news agency KUNA.
Activity varied across Kuwait’s governorates. In the Capital Governorate, eight private property deals, two investment property agreements, and one commercial contract were recorded. Hawalli saw 13 private and 11 investment property transactions, along with three other deals. Al-Farwaniya registered seven private property contracts and five investment property contracts. Mubarak Al-Kabeer recorded six private deals and one investment property deal.
Al-Ahmadi governorate led in volume, with 23 private property transactions, 13 investment property deals, and 21 commercial contracts. Jahra recorded 12 private property transactions and one investment property deal during the same period.
In Qatar, data from the Ministry of Justice showed real estate transactions worth about 488.6 million Qatari riyals during the week. Residential unit sales added a further 123.6 million riyals, taking total weekly transactions to around 612.2 million riyals.
The traded properties included vacant land, houses, residential buildings, hotel apartments, and residential units. Buyers focused on areas like Doha, Al-Rayyan, Al-Wakra, Lusail and The Pearl, showing steady demand across the market.
