(MENAFN) The State of Kuwait real estate sector recorded sales of about USD3.17 billion in the first quarter of the year, marking a decrease from USD4.04 billion for the prior quarter, Kuwait Times reported.
The aforementioned figures are released in the Kuwait Real Estate Market report, which additionally showed that the total number of deals made during the quarter slumped to 1756 deals from 2169 made in the previous quarter.
The average deal value for the quarter reached USD1.8 million compared to UDS1.87 million for the fourth quarter of last year, the report added.
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