Kuwait City, Kuwait
Property prices · 2024 · Middle East
Property price trend in Kuwait City (2024–2026)
Other Middle East cities (2024)
Frequently asked questions
How much does property cost in Kuwait City in 2024?
In Kuwait City, the average price per sqm in the city centre is KWD 850, and KWD 520 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Kuwait City in 2024?
A 1-bedroom apartment in Kuwait City rents for approximately KWD 350 per month in 2024. A 3-bedroom apartment costs around KWD 650/month.
Is it better to buy or rent in Kuwait City?
Buying may offer better long-term value in Kuwait City. The price-to-rent ratio is 12.0x — it would take approximately 12.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.50%.
What are mortgage rates in Kuwait in 2024?
The average mortgage rate in Kuwait is approximately 6.50% as of 2024. With a price-to-rent ratio of 12.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Kuwait City?
The average property price per square metre in Kuwait City city centre is KWD 850 in 2024. Outside the centre, expect to pay around KWD 520/sqm.