• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Real Estate

Real estate sales deals of Kuwait surge to $1.3bln in June

The number of real estate deals in Kuwait worth $1.3bln has been distributed between 70 agencies and 1,271 contracts.

Archana Karumanchi by Archana Karumanchi
July 31, 2021
in Funds, Real Estate, The Global Economics, Top Stories, Tourism
Reading Time: 2 mins read
0
Real estate sales deals of Kuwait surge to $1.3bln in June

Real estate sales deals of Kuwait surge to $1.3bln in June

914
SHARES
5.1k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The number of real estate deals in Kuwait worth $1.3bln has been distributed between 70 agencies and 1,271 contracts. Despite the Covid-19 pandemic that negatively affected the economy, the price of real estate in residential areas in Kuwait is still high and even surged compared to last year.

The real estate sector of Kuwait witnessed a dramatic increase in sales in June as it recorded a total of 1,271 deals worth almost $1.3 billion or KD392 million. The Al Ahmadi Governorate real estate agency garnered the maximum share of the total deals. The value of trading of private housing activity rose to 7.7 percent.

The total trading for June this year compared to last year increased to around 407 percent, with a jump from about KD77.2 million to KD391.9 million.

The rise in the real estate deals included the liquidity of investment housing activity by 309.9%. The liquidity of private housing activity increased by 447.4%, and the liquidity of commercial activity by 176.6%.

The real estate’s key player Al Ahmadi Governorate got a lion’s share, representing about 67.7% of the total number of real estate transactions. This Governorate got 861 deals of the total number of transactions. Another Governorate that made 143 deals, representing about 11.3 % is Hawalli Governorate. The lowest number of real estate deals were by Jahra Governorate that managed 27 transactions represented by 2.1%.

The value of real estate transactions for June 2021 is 46.1% higher compared to the average. The real estate sector, in general, continues to generate attractive profits in light of its value as one of the main necessities for residents and citizens.

Kuwait’s real estate market had witnessed a remarkable activity in June when the number of deals increased to 1,166 transactions compared to 1,059 deals in the previous month. There could be many factors for the rise in this activity such as; a huge increase in numbers of expatriates, a young demographic profile, increasing disposable incomes, and growing private sector participation have supported this growth. Consequently, the real estate prices in Kuwait are expected to continue to grow even in the coming months.

Tags: Al Ahmadi GovernoratekuwaitliquidityPrivate HousingReal Estate Sale Surge
Archana Karumanchi

Archana Karumanchi

Archana Das Karumanchi is our content writer with a Master's degree in English Literature. She is not only well versed in the English language but also has a degree in Economics. Her key strength is the ability to write articulately about economic issues and trends keeping the target audience in mind.

Related Posts

Indonesian Parliament Approves $216 Billion State Budget
Economy

Indonesian Parliament Approves $216 Billion State Budget

by Riya Thomas
September 21, 2023
Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy
Economy

Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

by The Global Economics
September 20, 2023
Toyota's Bold Move: Fusing Traditional Tactics and Cutting-Edge Technology in the EV Arena
Transportation

Toyota’s Bold Move: Fusing Traditional Tactics and Cutting-Edge Technology in the EV Arena

by Riya Thomas
September 19, 2023
China’s Trade War Expands Beyond Semiconductors
Lifestyle

China’s Trade War Expands Beyond Semiconductors 

by The Global Economics
September 19, 2023
Apple's Annual Launch Event 2023 - iPhone 15, Apple Watch Ultra 2, and More 
Technology

Apple’s Annual Launch Event 2023 – iPhone 15, Apple Watch Ultra 2, and More 

by The Global Economics
September 18, 2023
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

UK Banks Announce Closure of 36 More Branches

UK Banks Announce Closure of 36 More Branches

September 22, 2023
Indonesian Parliament Approves $216 Billion State Budget

Indonesian Parliament Approves $216 Billion State Budget

September 21, 2023
Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

September 20, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version