JEDDAH: Real estate trading remained robust in Kuwait and Qatar in the week ending Dec. 11, with transactions in both markets totaling around $442 million, according to official data from the respective ministries of justice.
In Kuwait, 128 real estate contracts were traded during the week, with a total value of around 935 million Kuwaiti dinars ($308 million), according to the Ministry of Justice.
Figures published on the ministry’s website also showed private real estate led trading with 69 contracts valued at 339 million dinars, the state’s news agency KUNA reported.
Investment properties followed with 33 agreements worth 31 million dinars, while commercial properties saw 25 contracts totaling 269 million dinars. Meanwhile, one warehouse property was traded for 206 million dinars.
The geographic breakdown showed that in the Capital Governorate, eight private property agreements, two investment property deals, and one commercial contract were traded.
