61,000 Apartments Are Vacant In Kuwait

According to the most recent report, roughly 61,000 units in Kuwait are unoccupied, out of a total of 396,000. Kuwait will have 12,994 investment properties available by the end of 2021. The average apartment occupancy rate is around 84.6 percent. According to research published by the Real Estate Union, Salmiya topped the list of Kuwaiti districts with the highest concentration of investment real estate, with 2,911 structures, making it the most densely populated by ex-pats, while Hawally came in second with 1,811 buildings.

The Jleeb Al-Shuyoukh region came in the third position with 1181 investment homes, followed by Farwaniya with 1152 and Khaitan with 882. With 799 buildings, Mahboula came in sixth, followed by Mangaf with 743, Fahaheel with 578, Jabriya with 511, and Jahra with 439. With 359 structures, Abu Halifa was rated 11th, followed by Sabah Al-Salem with 315, Sharq with 313, Fintas with 305, Al-Raqi with 254, Bneid Al-Qar with 198, Al-Shaab with 131, Al-Mirqab with 71, and finally Al-Qibla with 41.

Dasman topped the list in terms of average monthly rent for all types of flats, with an average monthly rent of around 1081 dinars, followed by Al Shaab with 512 dinars, Sharq with 464 dinars, Jabriya with 352 dinars, Sabah Al-Salem with 338 dinars, and Salmiya in sixth place with 327 dinars. In terms of the cheapest average monthly rent, Jleeb Al-Shuyoukh and Khaitan came in first with 210 dinars, followed by Abu Halifa with 240 dinars, and Farwaniyah with 244 dinars.

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