Dubai: Kuwait’s real estate sector recorded a total of 1,271 transactions worth KD392 million ($1.3 billion) in June this year, an increase of 407 percent when compared with the value of transactions (KD77.2 million) in June 2020
Local media reports said the value of private housing trading activity also rose 7.7 percent. The bulk of the real estate transactions were made in Al Ahmadi Governorate, according to the data of Ministry of Justice – Real Estate Registration and Authentication Department.
Reports said the rise included the liquidity of private housing activity by 447.4 percent, investment housing activity by 309.9 percent and the liquidity of commercial activity by 176.6 percent.
While Al Ahmadi Governorate witnessed 861 deals, representing about 67.7 percent of the total transactions, Hawalli Governorate recorded 143 deals (11.3 percent) and Jahra Governorate 27 deals (2.1 percent).
Private housing transactions increased in June to 1,166 from 1.059 deals in May, the reports added.
