92.2 Million Dinars in Transactions for 154 Real Estate Properties in Kuwait

Statistics released yesterday by the Real Estate Registration and Documentation Department at the Ministry of Justice showed that 154 real estate contracts were traded during the week from August 9 to 13, with a total value of approximately 92.2 million Kuwaiti dinars (around $304 million). The statistics, published on the ministry’s website, indicated that private real estate contracts led the market with 101 contracts valued at 36.3 million dinars (about $120 million), followed by investment real estate contracts in second place with 52 contracts valued at 36 million dinars (around $118.8 million), while commercial real estate transactions came in third with a single contract valued at 20 million dinars (approximately $66 million). The data revealed that real estate contract transactions were distributed as follows: 11 private real estate contracts, one investment real estate contract, and one commercial real estate contract in the Capital Governorate; 19 private real estate contracts and nine investment contracts in Hawalli Governorate; and 11 private real estate contracts and three investment contracts in Al-Farwaniya Governorate. Additionally, Mubarak Al-Kabeer Governorate recorded eight private real estate contracts, Ahmadi Governorate saw 39 private real estate contracts and 39 investment contracts, and Al-Jahra Governorate recorded 13 private real estate contracts.