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Visit Bahrain
Real Estate

  • Introduction
  • Buying a Property
  • Renting
  • Mortgages
  • Major Real Estate
    Development Projects

Introduction Listen to this page using ReadSpeaker Listen

Bahrain's property market has soared in the past few years. Easing of residence and ownership restrictions has made property in Bahrain more attractive.

Demand and supply for residential sector in real estate can be broken down into two categories, namely: Housing units and Flats.

Despite the increasing activities in the real estate sector, there exists shortage of housing in Bahrain, especially in the low to medium income family range. In Bahrain, about 3,000 marriages are conducted each year and assuming a 50 percent requirement of housing units, about 1,500 houses are needed per annum on a continuous basis.

In Bahrain you can find a wide spectrum of properties from well furnished 1 roomed apartment to exclusively furnished business suites, which fill all your requirements.

Over the next few years a whole swathe of real estate projects will come on stream that will make property investors look further at this market. International Property Brokers forecast that the focus in Bahrain will be switching to residential property in the next few years.


Buying a Property

Essentially it has been possible for foreign investors to purchase real estate in Bahrain since 2001 when a royal declaration was issued to that effect.

The declaration was fully endorsed and sanctioned in 2003 and it states that foreign buyers are permitted to buy certain types of property in certain areas of Bahrain.

In terms of the property buying process in Bahrain it proceeds in a similar way to the majority of buying processes worldwide. Investors are advised to seek independent legal assistance throughout the entire purchase process of course and the legal property ownership rights in Bahrain are sophisticated and well developed, meaning the purchaser is protected once permission to purchase has been granted and deeds of ownership transferred into the investor's name.

Foreigners are allowed to own land in the following Areas:

  1. Where Building zones are for 3,5 and 10 storey buildings in the following Areas
    • Seef Area
    • North Sanabis
  2. Where Building zones are for 10 storey buildings in the following locations:
    • Ahmed Al Fateh District
    • Hoora District
    • Bugazal District
    • North Manama District including Diplomatic Area
  3. Amwaj Islands
  4. Durrat Bahrain
  5. Bandar Al Seef
  6. Riffa Views
  7. Bahrain Financial Harbour
  8. Reef Island
  9. Danat Hawar
  10. Al Areen

Renting

Renting accommodation in Bahrain is a straightforward, well-established practice. Major international and local real estate agencies are available.

There's a wide range of apartments and villas available in Bahrain, both within and outside enclosed compounds.

Rental costs vary enormously for villas of different sizes, some with swimming pools, others without, and between old and new apartment blocks, in good, bad and indifferent locations.


Mortgages

Mortgages are available to individuals. Mortgage rate in Bahrain is approximately 6%. There are several banks and finance companies that are financing the purchase of real estate for both locals and foreigners.


Major Real Estate Development Projects

Bahrain invested in people, creating the best education system in the region and a highly skilled workforce. The Kingdom invested in new economic sectors and in its infrastructure. In roads, in power, in water, in telecoms and in IT that will meet demands in 20 years' time, not just today.

Now Bahrain is investing in world-class projects. Across the island, major new developments are catching the imagination of Bahrainis and of the world.

Bahrain Financial Harbour www.bfharbour.com

World Trade Centre www.bahrainwtc.com

Bahrain Bay www.bahrainbay.com

Amwaj Islands www.amwaj-islands.com

Reef Island www.reef-island.com

Durrat Al Bahrain www.durratbahrain.com

Riffa Views www.riffaviews.com

Marina West www.marina-west.com

Abraj Al Lulu www.abrajallulu.com

Al Areen Development Project www.alareenresort.com


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