Kuwait’s property market recorded strong growth in February, with total transaction value rising 69.6% year-on-year to KD 615.83 million. According to data from the Kuwait Ministry of Justice, the number of real estate deals increased 20.4% to 577 transactions.
Residential properties led activity, accounting for 61.8% of transactions with 357 deals valued at KD 169.32 million, reflecting continued demand for housing. The investment segment also expanded, recording 158 transactions worth KD 164.31 million as investor interest remained strong.
Commercial real estate posted the most dramatic growth, with transaction value rising more than 224% year-on-year to KD183.94 million.
The data highlights growing confidence in Kuwait’s property market, despite declines in some segments, including industrial and retail real estate.
Gulf Economist Staff Writer