Kuwaiti real estate sales rose 41% in the year to November, on high sales of residential and commercial property, official data showed on Monday.

Sales in the Gulf Arab state rose to 193.15 million dinars ($672.6m) from 137.01 million dinars in November 2008, the data showed.

Residential property deals, which represent the biggest portion of total real estate transactions, were up 36% to 87.56 million dinars, compared to 64.38 million dinars a year earlier.

arabianbusiness.com