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Area
Average Rate (KD/m2)
Neira
2,500
Jahra
2,750
Farwaniya
3,750
Hawalli
4,000
Salmiyah
4,250
Kuwait City (Ahmed Al Jaber St.)
10,000
Kuwait City (Fahad Al Salem St.)
12,000
Area
Average Rate (KD/m2)
Hawalli
4,000
Neira
6,000
Sharq
10,000
Kuwait City (Ahmed Al Jaber St.)
10,000
Kuwait City (Fahad Al Salem St.)
12,000
Watiyah
15,000
Neira Financial Hub | 43
The office area makes up a major part of the project, laying out a complete plot size of 182,939 m2 with an expected average selling
price of 6,000(KD/m2). This will add to 27% of the project’s total revenue while generating 1,097,634,000KD. Reviewing the current
average commercial land rates (KD/m2) in Kuwait the price exceeds only in Hawalli at 4,000(KD/m2) yet still managing to remain lower
than Fahad Al-Salem St. 12,000(KD/m2).
Operation of hotels and the different facilities they accommodate, create a total plot size of 228,674m2 with a forecast of an average
selling price of 2,500 KD/m2. Joining the plot size with the selling price results in the expected revenue of KD571,685,000 equaling
14% of the total revenue. The average commercial land rates are in contrast with those of the mixed use plots since they share an equal
value in price/m2.
The total expected revenues for the inception of the Neira Financial Hub is KD4,038,381,200 covering a total plot size of
4,644,308m2.
Average Commercial Land Rates (KD/m2)
Area
Neira
Jahra
Farwaniyah
Hawalli
Salmiyah
Kuwait City (Ahmed Al Jaber Street)
Kuwait City (Fahad Al Salem Street)
0
2000 4000 6000 8000 10000 12000
Value (KD/m2)
Average Commercial Office Land Rates (KD/m2)
Area
Kuwait City (Ahmed Al Jaber Street)
Kuwait City (Fahad Al Salem Street)
Watiyah
0
2000 4000 6000 8000 10000 12000 14000 16000
Value (KD/m2)
Hawalli
Neira
Sharq
Source: KFH Report
Source: KFH Report