4Sale’s Property Year in Review 2024
The Kuwaiti real estate market demonstrated robust growth in 2024, with statistics from the Real Estate Registration and Documentation Department at the Ministry of Justice revealing that 4,950 real estate contracts were executed, amounting to a total value of USD 12 billion. This represents a significant increase, as the total value of transactions grew by 34% compared to the previous year, reaching USD 9 billion.
This report provides a comprehensive analysis of the property vertical on 4Sale, exploring the total number of listed units by district, the top areas based on listed units, how listings are spread across categories (including properties for sale, for rent, for exchange, and international properties), as well as the top viewed districts by units, and more.
Total Listed Properties By District
Key Takeaways
- Ahmadi had the highest percentage of listed units in both the Property For Sale and Property For Rent categories, with 38.6% and 25.1% respectively.
- Jahra is the most sought-after district for Property For Exchange, accounting for almost half of the listings in this category.
- In the For Rent category, Hawalli comes in second with 18.3%, followed by Jahra at 17.4%, and Farwaniyah at 15.8%. Kuwait City and Mubarek Al-Kabeer follow with 13.7% and 9.5% respectively.
Top 10 Areas with the Most Listings
Below are the most popular areas in Kuwait based on the number of property listings:
| District | Area |
| Jahra | Kabed |
| Hawalli | Salmiya |
| Jahra | Saad Al-Abdulla |
| Farwaniyah | West Abdullah Al-mubarak |
| Kuwait City | Jaber Al-ahmed |
| Ahmadi | Al-Khairan |
| Mubarek Al-Kabeer | Abu Ftaira |
| Ahmadi | Sabah Al-ahmad |
| Ahmadi | Wafra |
| Jahra | Abdally |
Listings Distribution Across Categories
Key Takeaways
- The distribution of property categories shows that Property For Rent leads with 66.2%, followed by Property For Sale at 25.4%, Property For Exchange at 7%, and International Property at 1.3%.
- In the Property For Sale segment, the top 3subcategories are Houses For Sale at 46.5%, Shops For Sale at 12.7%, and Farms For Sale at 10.3%.
- In the Property For Rent category, the top 3 subcategories are Apartments For Rent at 44.2%, Floors For Rent at 10%, and Lounges For Rent at 9.7%.
Top Viewed Districts
Key Takeaways
- Ahmadi and Jahra properties together account for more than half of the total unit views, totaling 51.6%.
- Jahra holds the largest share of listing views in the Property For Exchange category, with 46.8%.
- In the For Rent category, the distribution of views is as follows: Ahmadi at 27.8%, Hawalli at 19.7%, Jahra at 18.7%, Farwaniyah at 14.5%, Kuwait City at 11.1%, and Mubarek Al-Kabeer at 8.1%.
Top Clicked Districts
Key Takeaways
- Together, Ahmadi and Jahra account for 50.7% of all unit call-to-actions, split as 29.2% for Ahmadi and 21.5% for Jahra.
- Ahmadi is the clear leader in both the For Sale and For Rent categories, commanding 35.3% and 27.9% respectively.
- The call-to-actions in the For Rent category are distributed as follows: Ahmadi leads with 27.9%, followed by Jahra at 19.4%, Hawalli at 17.4%, Farwaniyah at 17.2%, Kuwait City at 10.4%, and Mubarek Al-Kabeer at 7.7%.
Thoughts on 2025
According to Statista, the real estate market in Kuwait is projected to reach a value of US$0.83 trillion by 2025. The residential sector is expected to constitute a substantial portion of this market, with a projected volume of US$0.66 trillion.
Several factors may contribute to the growth of the Kuwaiti real estate market by 2025. Lower interest rates are anticipated to increase purchasing activity, as both individuals and businesses may benefit from more accessible financing for property acquisitions.
