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Exploiting the land use for residential buildings will constitute a total plot size of 594,552m2 with an estimated average selling price
of 800KD/m2. This will generate a total revenue of 475,641,600KD, resulting in 12% of the total revenue. Neira’s pricing of residential
investment land rates is the lowest in comparison to other lands in areas across Kuwait with tripling demand prices.
Area
Average Rate (KD/m2)
Neira
800
Farwaniyah
832
Fahaheel
917
Salmiya
1,200
Bnaid Alqar
1,375
Bnaid Alqar (seaside)
2,825
Moqwa Al-Sharqi
2,900
Average Residential Land Rates (KD/m2)
Neira
Farwaniyah
Fahaheel
Salmiyah
Bnaid Alqar
Moqwa Al-Sharqi
Bneid Alqar (Sea Side)
Value (KD/m2)
0
500 1000 1500 2000 2500 3000
Area
Neira Financial Hub | 42
The utilization of villa development plots will acquire a total size of 594,552 m2 with an expected average selling price of 300 KD/
m2. The expected revenue of this specific land use will produce KD 178,365,600, building up 4% of the total revenue. The average
residential land rates injected in the marketplace today surpass those Neira is submitting. Residential rates of Shamiyah and Adailiyah
stipulate 800 KD/m2 and 900KD/m2 correspondingly, while Neira’s tender is at 300 KD/m2.
Exploitation of mixed use facilities that will incorporate residential, office, and retail land will mark 686,022 m2 of the land and will
give an expected average selling price of 2,500 KD/m2. Neira’s inquisition of the categorized land space will produce expected revenue
of KD1,715,055,000, accounting for 43% of the total revenue making it the primary source of revenue for the project. Reviewing the
current average commercial land rates KD/m2 in Kuwait (Fahad Al-Salem St.) and Farwaniyah, where prices soar up to 12,000 KD/m2
and 3,750 KD/m2 Neira manages to break this number by providing a reasonable price of 2,500 KD/m2.
Area
Average Rate (KD/m2)
Neira
300
Mubarak Al Kabeer
475
Bayan
520
Aqailah
590
Qortuba
600
Adailiyah
800
Shamiyah
900
Area
Average Residential Villa Land Rates (KD/m2)
0
200
400
600
800
1000
Value (KD/m2)
Neira
Mubarak Al Kabeer
Bayan
Aqailah
Qortuba
Adailiyah
Shamiyah
Source: KFH Report
Source: KFH Report