KIB Real Estate Appraisal Department reinforces market leadership with notable 2025 achievements

As part of its commitment to delivering professional real estate appraisal services in line with the highest standards, the Real Estate Appraisal Department at Kuwait International Bank (KIB) continued to strengthen its position as one of the leading specialized departments in this vital sector. In 2025, the department achieved notable milestones that reflected the depth of its expertise and the high caliber of its team.

Over the past year, the department valuated more than 23,400 properties of various types, including residential, commercial, investment, and industrial assets. This was achieved through an extensive network of engagements with government entities and institutions, local banks, private-sector companies, and individual clients, underscoring the high level of trust placed in the department and its specialized services.

The Real Estate Department also continued to develop the KIB Aqari platform, which it launched in 2023 as the first fully integrated digital banking platform enabling end-to-end real estate appraisal services through digital channels. The platform contributes to streamlining procedures and accelerating request processing, in line with best modern practices in the banking and real estate sectors.

The Real Estate Appraisal Department at KIB is committed to preparing accurate property reports that comply with international standards and best practices by applying the three internationally recognized appraisal approaches: the cost approach, the income capitalization approach, and the sales comparison approach. The values derived from these methods are carefully analyzed, with appropriate weighting assigned to the most relevant approach based on the property type to determine the final fair market value that reflects the price at which the property could be sold in a balanced market under normal supply and demand conditions within a reasonable marketing period. Additional appraisal methods are also applied for properties of a specialized nature.

These reports include detailed cost breakdowns, income analyses, and supporting photographs and information to ensure the highest levels of transparency and credibility. This distinguished performance is underpinned by more than fifty years of experience in real estate appraisal, supported by a highly qualified team of engineers and experts with deep expertise, ensuring the delivery of accurate and reliable services that meet the needs of a wide range of sectors.

In this context, Eng. Ali Al-Shakhss, Executive Manager – Real Estate Appraisal Department at KIB, stated: “The achievements delivered by the Real Estate Appraisal Department in 2025 reflect our ongoing commitment to providing accurate and reliable appraisal services based on global professional standards and advanced digital technologies. Through the continued development of the KIB Aqari platform and the enhancement of our team’s capabilities, we aim to support decision-makers and contribute to the stability of the real estate market, in line with the Bank’s strategic focus on sustainable development.”

On the corporate responsibility front, the department continues its commitment to implementing its Environmental, Social, and Governance (ESG) framework by organizing real estate forums, workshops, and training programs in collaboration with Kuwait University and other stakeholders in the real estate appraisal sector. This reflects its ongoing role in supporting knowledge development and contributing to sustainable academic engagement.
The department’s achievements throughout 2025 also included the preparation of economic feasibility studies for various projects and the calculation of discounted cash flows in collaboration with the Real Estate Advisory Department, the assessment of completion ratios for real estate projects, and the introduction of an estimated construction cost calculator tailored to the private residential sector. These initiatives support decision-makers and facilitate more effective financial planning for construction.

It is worth noting that the Real Estate Appraisal Department at KIB continues to enhance its services and strengthen its professional capabilities in line with the evolving requirements of the real estate market, while supporting sustainable development in the State of Kuwait.