Real Estate
From The Report: Kuwait 2019
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After some years of slowing growth, Kuwait’s real estate sector saw signs of a significant revival in 2018, with sales increasing and prices stabilising. At the same time, new projects are under way, with a number of large-scale, mixed-use developments nearing completion. Better economic growth overall, fuelled by rising oil prices and a government infrastructure programme, has also created a more buoyant economy, despite some global and regional headwinds. A limited supply of land is another factor increasing prices, although this has also caused bottlenecks in meeting housing demand, with Kuwaiti citizens particularly affected.

Articles from this Chapter

Overview

On the up: Higher oil prices support a growing roster of private and public mixed-use developments
OBG
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After some years of slowing growth, Kuwait’s real estate sector saw signs of a significant revival in 2018, with sales increasing and prices stabilising. At the same time, new projects are under way, with some of the first of a number of large-scale, mixeduse developments nearing completion. Better economic growth overall, fuelled by rising oil prices and a government infrastructure programme, has also created a more buoyant economy, despite some global and regional headwinds. A limited…

Analysis

Finding balance: After a strong recovery, the market for investment properties remains subject to broader demographic factors
OBG
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Kuwait’s residential real estate market has long been divided into two main segments: private residential housing, which is only available to Kuwaiti and GCC citizens; and investment housing, which usually involves apartments targeted at short-term, expat renters, but is also open to GCC nationals. With expatriates making up around 70% of the population, developments within the investment housing segment are of key importance to the sector. It is in this area, too, that some of the largest…