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Kuwait Real Estate Report Q1 2013 - Product Image

Kuwait Real Estate Report Q1 2013

  • ID: 2299539
  • November 2012
  • Region: Kuwait
  • 66 pages
  • Business Monitor International

FEATURED COMPANIES

  • Company Monitor
  • Tamdeen Group
  • MORE

The Kuwait Real Estate report examines the commercial office, retail, industrial and construction segments throughout the kingdom in the context of a recovering market which is backed by government spending and robust economic growth.

With a focus on the principal cities of Salmiya, al-Jahra and Kuwait City, the report covers the rental market performance in terms of rates and yields over the past 18 months and examines how best to maximise returns in the commercial real estate market, while minimising investment risk and exploring the impact of the government-fed construction boom on a market which is stabilising after a tough few years.

Nevertheless, Kuwait’s various real estate sectors are developing in different directions and at varying rates. The commercial market in general remains positive and it is recovering. The most recent data –
covering H112 – corroborates expectations that the market is stabilising, although it has yet to settle down and is characterised by frequent, although ultimately minor, fluctuations in rental rates.

We retain a broadly sanguine outlook on the Kuwaiti economy's prospects in 2012 and 2013. Elevated global READ MORE >

FEATURED COMPANIES

  • Company Monitor
  • Tamdeen Group
  • MORE

Executive Summary 5

SWOT Analysis 7

Kuwait Real Estate/Construction SWOT 7

Kuwait Political SWOT 8

Kuwait Economic SWOT 9

Kuwait Business Environment SWOT 10

Real Estate Market Overview 11

Market Analysis – Office 17

Supply And Demand 17

Rents And Yields 18
Table: Historic Rents – 2011-2012 (KWD per m2/month) 18
Table: Net Yield, 2011-2013 (%) 18
Table: Terms Of Rental Contract/Lease – H112 19

Industry Forecast Scenario 19
Table: Forecast Rents (KWD per m2/month) 19
Table: Forecast Net Yield, 2009-2017 (%) 19

Market Analysis – Retail 20

Supply And Demand 20

Rents And Yields 21
Table: Historic Rents – 2011-2012 (KWD per m2/month) 21
Table: Net Yield, 2011-2013 (%) 21
Table: Terms Of Rental Contract/Lease – H112 22

Industry Forecast Scenario 22
Table: Forecast Rents (KWD per m2/month) 22
Table: Forecast Net Yield, 2009-2017 (%) 22
Table: Kuwait Retail Sales Indicators, 2008-2016 23

Market Analysis – Industrial 24

Rents And Yields 24
Table: Historic Rents – 2011-2012 (KWD per m2/month) 24
Table: Net Yield, 2011-2013 (%) 25
Table: Terms Of Rental Contract/ Lease – H112 25

Industry Forecast Scenario 25
Table: Forecast Rents (KWD per m2/month) 25
Table: Forecast Net Yield, 2009-2017 (%) 26

Forecast Scenarios 27

Infrastructure Report 27
Table: Kuwait Construction And Infrastructure Industry Data, 2008-2016 27
Table: Kuwait Construction And Infrastructure Long-Term Forecasts, 2013-2021 27

Construction And Infrastructure Outlook 28

Macroeconomic Outlook 29
Table: Kuwait – Economic Activity, 2011-2016 31

Real Estate Risk/Reward Ratings 32

Real Estate/Construction Risk/Reward Ratings 32
Table: Middle East And North Africa Risk/Reward Ratings 32

Kuwait’s Business Environment 32
Table: BMI Business And Operation Risk Ratings 33

Institutions 33
Table: BMI Legal Framework Rating 34

Infrastructure 35
Table: Labour Force Quality 37

Market Orientation 38
Table: MENA – Annual FDI Inflows 39
Table: Trade And Investment Ratings 41
Table: Top Export Destinations 42

Operational Risk 42

Competitive Landscape 43

Company Monitor 46

National Real Estate Company (NREC) 46

Pearl Of Kuwait Real Estate Company 48

Salhia Real Estate Company 50

Tamdeen Group 52

United Real Estate Company (URC) 54

Demographic Data 56
Table: Kuwait's Population By Age Group, 1990-2020 ('000) 57
Table: Kuwait's Population By Age Group, 1990-2020 (% of total) 58
Table: Kuwait's Key Population Ratios, 1990-2020 59
Table: Kuwait's Rural And Urban Population, 1990-2020 59

BMI Methodology 60

How We Generate Our Industry Forecasts 60

Construction Industry 61

Bank Lending 62

Real Estate/Construction Business Environment Rating 62
Table: Weighting Of Indicators 63

Sources 65

Company Monitor
National Real Estate Company (NREC)
Pearl Of Kuwait Real Estate Company
Salhia Real Estate Company
Tamdeen Group
United Real Estate Company (URC)

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