The real estate market in Kuwait recorded a notable surge in performance during the second week of February, with the number of transactions increasing by 24% year-on-year to reach 154 deals with a total value of KWD 180.46 million, compared to 124 transactions worth KWD 80.22 million during the same period last year.
According to the weekly report issued by the Real Estate Registration Department at the Ministry of Justice for the period from February 8 to 12, liquidity rose to approximately KWD 100.24 million, driven by clear activity in the residential, investment, and commercial sectors, while the industrial sector continued to decline.
The residential sector captured the largest share with 92 transactions valued at KWD 57.67 million, recording growth of 12.19% in the number of deals and 74% in value compared to last year, reflecting continued demand for private housing.
The investment sector also recorded 42 transactions worth KWD 34.82 million, marking an increase of 23.5% in the number of deals and 36.7% in value. The commercial sector ranked third with 14 transactions but led in total value at KWD 75.34 million, achieving remarkable year-on-year growth of 366% in the number of transactions and 395% in value.
In contrast, the industrial sector declined to just two transactions worth KWD 1.63 million, representing a drop of 60% in volume and 74.4% in value, indicating weaker demand for this type of property during the week.
