Kuwait’s real estate peaks ahead of Assembly session

Kuwait’s real estate peaks ahead of Assembly session

KUWAIT CITY, Nov 23: In the lead-up to the National Assembly session slated for next Tuesday, where the law “Regulating Real Estate Agency and Combating Vacant Lands” is set for a second deliberation and potential imposition of additional controls, Kuwait’s real estate market witnessed a significant surge described as “historical trading.” The total value of …

<p>The post Kuwait’s real estate peaks ahead of Assembly session first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, Nov 23: In the lead-up to the National Assembly session slated for next Tuesday, where the law “Regulating Real Estate Agency and Combating Vacant Lands” is set for a second deliberation and potential imposition of additional controls, Kuwait’s real estate market witnessed a significant surge described as “historical trading.” The total value of real estate contracts and agencies reached approximately 3.60 billion dinars during the past week, a notable increase from the previous week’s 36.272 million dinars. The uptick in trading was notably supported by record-breaking deals in Al-Ahmadi Governorate, particularly in the Sabah Al-Ahmad Marine region across commercial, investment, and private sectors.

ContractsStatistics from the Department of Real Estate Registration and Documentation in the Ministry of Justice revealed that between November 12 and 16 of this