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Asharq Al-Awsat

Business

Kuwait - Asharq Al-Awsat

Real Estate Deals Grow 52% in the Gulf

Gulf Dubai Saudi Arabia Abu Dhabi Kuwait UAE

General view of Riyadh (File Photo: Reuters)

Real estate deals in the Gulf countries grew by nearly 52 percent year-on-year in 2021 to $137.4 billion compared to $90.5 billion in 2020, according to an analysis by KAMCO Invest.

Kuwait-based KAMCO, said Saudi Arabia contributed to more than 41 percent of the total value of deals, while the UAE (Dubai and Abu Dhabi combined) added 33.4 percent to the deals in the region during 2021.

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