Kuwait – The local real estate market experienced remarkable quantitative and qualitative growth in February, with the number of transactions increasing by 20.4 percent (equivalent to 98 transactions) and the value increasing by 69.64 percent, reaching KD 252.82 million compared to February 2025.
The newspaper obtained a copy of the monthly report from the Real Estate Registration and Documentation Department of the Ministry of Justice, which revealed that 577 real estate transactions worth SEK 615.83 million were registered in February this year, compared to 479 real estate transactions worth SEK 363.01 million in the same period last year.
This growth was due to an increase in transactions in the commercial, investment, housing and child care sectors, while a decrease in transactions in the craft and retail sectors.
The residential sector ranked first in terms of number of transactions, accounting for 61.8% of the total monthly transactions, with 357 transactions valued at KD 169.32 million, compared to 334 transactions valued at KD 138.04 million in the same period last year.
This represents a 6.9 percent increase in transaction volume (23 additional transactions) and a 22.6 percent increase in value (31.28 million KD), reflecting a year-on-year increase in private transaction value amidst regulatory developments in this sector.
The investment sector also recorded significant annual growth, with 158 transactions amounting to KD 164.31 million.
This represents a 27.4% increase in the number of deals (34 additional trades) and a 12.8% increase in value (18.76 million KD) compared to February last year’s 124 deals with a value of KD 145.55 million, indicating that the sector remains attractive to investors.
The commercial sector delivered an outstanding annual performance, recording a quantitative growth of 255% (23 additional deals) and a qualitative increase of 224% (KD 127.25 million).
The total number of commercial transactions amounted to 32 transactions worth KD 183.94 million, while in February 2025 there were 9 transactions worth KD 56.7 million.
This shows that demand for commercial real estate has increased since the beginning of the year. On the other hand, the decline in the industrial real estate sector was remarkable, with the number of transactions decreasing by 77.7% (7 transactions decreased) and the value decreasing by 92.4% (19.85 million KD). Only two transactions worth KD 1.63 million were recorded, compared to nine transactions worth KD 21.48 million recorded in February last year.
In the retail sector, only one transaction worth KD 1.5 million was recorded, a decrease of 66.6% and a qualitative decrease of 20.9%, compared to 3 transactions worth KD 1.24 million in the same period last year. In the nursery sector, 21 transactions (valued at KD 79.28 million) were recorded, and in the warehouse sector, 6 transactions (valued at KD 15.85 million) were recorded, while no transactions were recorded in either sector in February last year.
Arab Times | © Copyright 2026, All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info).
