BitFinex: KD 1 Billion in Local Real Estate Trading Volume in Q3 - Sarmad

A report by Kuwait Finance House showed an increase in the value of local real estate transactions in the third quarter of this year, reaching 1 billion Kuwaiti dinars, up 12.4 percent from the second quarter, but down 20 percent year-on-year.

In its report on the local real estate market for the third quarter, Kuwait Finance House stated that the number of deals recorded 1,502 transactions during the period, noting that private residential real estate was the most active in terms of value and number of deals. Meanwhile, improved trading in investment, commercial, and artisanal real estate supported the total transaction value, bolstered by a stable economic environment and a robust banking sector.

The report confirmed that growth in capital expenditure and government projects within the development plan, alongside strong banking liquidity and growth in real estate credit, contributed to the rise in transaction values during the period, despite external factors such as geopolitical tensions, oil price volatility, and anticipation of global monetary policy trends.

It added that the real estate sector demonstrated clear resilience due to local demand and improved investor confidence, as well as a positive outlook driven by recent legislative reforms, including the real estate financing law and the sukuk law.

The report pointed out that the number of deals in the third quarter declined by 4 percent year-on-year, with variations across sectors. The value of private residential transactions rose by 15 percent, and artisanal real estate by 120.6 percent. In contrast, investment real estate transactions fell by 11.7 percent, commercial real estate by 58.5 percent, coastal properties by 26.2 percent, and warehouses by 90.5 percent.

It clarified that the value of private residential transactions rose to 455.3 million dinars in the third quarter of 2026, up 6.7 percent quarter-on-quarter, with the number of deals stable at 1,106. Investment real estate transactions increased to 359 million dinars, while commercial real estate recorded transactions valued at 183 million dinars.

It noted that the average value of total real estate deals stood at approximately 679,000 dinars, up 11.8 percent from the second quarter, but remained 15.4 percent below its level in the third quarter of 2025.

The report confirmed that private residential prices declined by 0.5 percent at the end of the third quarter of 2026 compared to the second quarter of 2026, with an annual decline of 4.8 percent. Meanwhile, investment real estate prices rose by 1.3 percent quarter-on-quarter, recording an annual increase of 6.1 percent.