Kuwait’s real estate market showed mixed performance during the second week of May, as the total number of transactions jumped by 15% despite an overall dip in total trading value.
According to the latest weekly statistics from the Ministry of Justice’s Real Estate Registration and Documentation Departments, the market recorded 138 transactions worth KD 62.63 million between May 10 and 14.
This marks a volume increase from the 120 deals logged the previous week, though total value slipped by 11.86% from KD 71.06 million due to a sharp slowdown in large-scale commercial deals.
The market’s upward momentum in deal volume was heavily driven by a thriving residential sector, which continues to see robust demand for private housing despite high financing costs.
Residential transactions climbed 24% to 103 deals, while their collective value surged 32% week-on-week to reach KD 36.6 million.
Experts note that the residential segment remains highly resilient because it is tied directly to actual user demand rather than speculative investment, keeping it insulated from broader liquidity fluctuations.
In contrast, Kuwait’s investment and commercial real estate sectors experienced a cooling period.
The investment sector—primarily driven by rental properties—saw a minor drop, with deal volume dipping 5.8% to 32 transactions worth KD 24.78 million, as investors navigate geopolitical changes and borrowing pressures.
Meanwhile, the commercial sector faced the sharpest decline after a massive previous week; commercial trading value plummeted 98% to just KD 266,000 across two transactions.
Additionally, the luxury coastal strip recorded a single, selective transaction valued at KD 990,000, underscoring a cautious but targeted appetite among high-net-worth buyers.
