Real estate market in Kuwait

the rent are less than it used to be one year ago.
there is a misconception about the real estate market. people are mixing between transaction value and rent rates.
the transactions dropped significantly, but the occupancy rate is above 90% in all over Kuwait according to a field survey sponsored by KFAS (Kuwait Foundation for the Advancement of Science).
as long as the occupancy rate is high, there is a slight chance of rent drop.

Changes to expat rules, i.e. salary limits for certain visas, proposed higher charges for utlilities, reducing menial worker numbers will add up to fewer expat workers to rent the continuingly expanding source of flats available.

The Law of Supply and Demand will come into force and prices will drop if these things continue.

New proposals to allow foreigners to buy and own apartments will provide an uptick in luxury prices but a downward pressure in mid- to lower priced rental proprieties..

the real estate market of kuwait is a closed market , and the Traders in the market have a high financial solvency , there are many old building you see in the investment zone such as Salmyiah, hawali , kuwait city .. Etc , Whay ? Because they have more enough money , Therefore, the rental rates can be increased and not be going down at all , Especially after the water and electricity charges increased

You might have noticed, in yesterday's  news, that some "investment owners" are dropping their initial rents.

This will continue as long as unbridled construction of "investment" apartment buildings persists in the current economic and political climate.