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Asharq Al-Awsat

Business

Kuwait - Asharq Al-Awsat

GCC Real Estate Sale Transactions Reaches $143.1 Bn

GCC Dubai Kuwait Luxury

The Gulf real estate sector witnessed a growth in the value of deals until October of this year, equivalent to the total sales in 2021 (SPA)

Real estate sale transactions in the GCC over Jan-Oct 2022 reached $143.1 billion, eclipsing the full-year figure of 2021, which was $136.9 billion.

According to Kuwait-based KAMCO Investment Company, the total value of the region was nearly 21 percent higher year-on-year compared to the corresponding period from January to October 2021.

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