Kuwait Real Estate Report - H2 2024 Review and H1 2025 Outlook

Executive Summary

Kuwait’s real estate had continued to recover in 2024. Prices and rents picked up in investment and commercial segment supported by uptick in non-oil economic activity and decline in interest rates. Private housing is seeing some green shoots in terms of sales, even as prices continued to decline amid high valuations.   

Based on assessment of key macro factors that would impact Kuwait property market, we believe that the real estate market in Kuwait would accelerate in 2025 with prospects of rebound in land prices and rentals amid the government reforms. Positive non-oil economic growth, stable inflation and further monetary easing support outlook for the sector.