Kuwait’s booming real estate market will level off over the next two years before picking up speed again, an industry expert was quoted as saying.

The comments were made by Al Mazaya Holding CEO Khalid Esbaitah in the latest annual Kuwait guide from the Oxford Business Group (OBG), titled ‘The Report: Kuwait 2008’.
“I think we will probably see a levelling off in the market in the next two years, and after that we will see a substantial increase. In my opinion, in two years, the price range will stabilise and, if anything, probably start to come down shortly after,” he was quoted as saying.
Al Mazaya is one of the country’s major real estate players.