GulfBase GCC Cap Indices
Large Cap4,036 -0.08
Med Cap3,814 0.03
Small Cap4,859 0.05
Micro Cap8,126 -0.17

Research Reports

Quick Links

Most Viewed News

Most Viewed Companies

Ticker Price Volume
QNBK 127 470,450
ETISALAT 17.2 1,101,899
GFH 0.59 99,270
EMIRATESNBD 7.96 235,332
DAMAC 3.06 2,229,322
SABIC 102.33 6,566,984

Economic Brief - Real Estate Activity

Source: NBK Capital

Real estate sales slip in August, but gradual recovery still on track

Sales overview

In its latest economic brief on the monthly statistics of registered real estate contracts issued by the Ministry of Justice (MoJ), excluding sales conducted through agents, National Bank of Kuwait reports that real estate activity weakened in August, but the broader picture remains one of gradual recovery from the very low levels of sales seen for much of last year. The combined number of sales transactions in the residential, investment (i.e. apartment) and commercial sectors was 374 in August, down 9.9% from July. In year-on-year terms, however, sales rose by 12.7% - their first rise in 18 months – thanks largely to very weak sales in August 2008.

Click here to download the complete report
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?