The annual Al-Hasbah report revealed a significant gap in investment housing rental prices in Kuwait, with differences exceeding 33%, representing a spread of up to 80 dinars between the highest rent of 320 dinars and the lowest rent of 240 dinars for medium-sized apartments.
Top Areas: Shaab and Jabriya
According to the assessment, the areas of Shaab and Jabriya ranked as the most expensive for renting apartments, ranging between 60 and 65 square meters, with an average rent of 320 dinars. They were followed by Bneid Al-Gar, where the average rent reached 315 dinars.
Salmiya and Riggai in Third Place
The areas of Salmiya and Riggai ranked third, with an average rent of 310 dinars. They were followed by Sabah Al-Salem at an average of 300 dinars, while Hawally came in fifth place at 285 dinars.
Wide Differences in Mid- and Lower-Priced Areas
Farwaniya and Khaitan recorded an average rent of 280 dinars, placing them sixth. They were followed by Fahaheel and Jleeb Al-Shuyoukh at 270 dinars, then Mangaf at 255 dinars. Abu Halifa and Fintas came next at 250 dinars, while Mahboula recorded the lowest rental level at 240 dinars.
Occupancy Rates: Farwaniya Leads
In terms of occupancy rates, Farwaniya Governorate topped the list with an occupancy rate of 93%, followed by Hawally at 92%, then Jahra at 91%, and Mubarak Al-Kabeer at 90%. The Capital ranked fifth at 86%, while Ahmadi recorded the lowest occupancy rate at 85%.
Commercial Properties: Price Variations
Regarding commercial property rents for spaces ranging between 30 and 40 square meters, the price per square meter in the basement of Ahmad Al-Jaber Street in Kuwait City reached 13 dinars. This was followed by Salem Al-Mubarak Street in Salmiya, Habib Munawer Street in Farwaniya, as well as Jahra’s commercial and administrative district, all at 12 dinars per square meter.
External Frontages, the Most Expensive
External frontages showed noticeable price differences, with Habib Munawer Street and Jahra’s commercial and administrative district recording the highest prices at 42 dinars per square meter. They were followed by Salem Al-Mubarak Street and Ahmad Al-Jaber Street at 40 dinars per square meter, and then Egaila–Fintas at 38 dinars.
