Bahrain Property Market - IRIS Property Management W.L.L

Nov

Bahrain Real Estate Investment: A Comprehensive Guide

Posted on November 17, 2023 in Blog

Finding Chances in the Real Estate Boom in Bahrain

Bahrain is becoming a big name in real estate. Property sales, home values, and business opportunities have shown significant growth in recent times. Real estate deals surged to a substantial BHD 1.2 billion (US$3.2 billion), marking a 14.5% growth in the first half of 2023.What’s causing this rise? This blog talks about that, the best places to spend money and how important real estate agents are in this hot market.

What caused Bahrain’s house prices to soar?

Bahrain’s real estate market is very strong for many reasons. The kingdom is a great place to invest in real estate because it has a strong economy, a strategic location, an environment that is friendly to investors, is safe and stable, and the government is working to improve infrastructure and create jobs while also promoting tourists.

Ideas and Trends about the Market

The value of all real estate deals in 2022 was BHD 4.8 billion, which is about $12.6 billion. Every house cost around BHD 1.2 million ($3.2 million) in the first half of 2023. Because foreigners don’t have to pay extra taxes on real estate investment and Manama, Muharraq, Juffair, Seef, Amwaj and Riffa are all great places to put your money to work.

The government gives help and works on projects

A big part of what keeps the real estate market going in Bahrain is the government. They spend a lot of money on facilities, try to bring in tourists, and make rules that are easy to follow.

Navigate the world of real estate with the assistance of Iris Property Management

How to get the most out of economy and occupancy when managing properties.

The main responsibility of IRIS property managers is to ensure the smooth operation of the projects they oversee, increasing occupancy and generating a steady income. We offer high standards, tight budgets, and good communication through a strong Property Management system. Our property managers oversees the building’s operations funds and support staff. They also serve as the primary point of contact between owners and tenants in pricing negotiations.

Maintenance on properties is easy and works well.

A group of qualified repair engineers works for IRIS to take care of properties without any problems. They provide customized services that pay close attention to details.

Businesses that sell and rent properties can maximize their revenue by employing Iris’s intelligent marketing strategies.

Our team has been working in the Bahrain real estate market for 15 years, and with this experience, we can assure our clients of achieving high occupancy rates and profits in their properties. We evaluate properties in a systematic way and give help on what prices are fair in the market. We also leverage our extensive experience and network for the sale and rental of homes and all other types of properties.

Home Owners Association Management: Making It Easier to Handle Money and Office Work

Our hardworking Home Owners Association Managers handle all the papers, money, and running the group. As part of their services, they set up associations, handle finances, run companies, and keep an eye on subcontractors.

You can get ahead with our help.

Check how the market is doing and make changes to the plans you already have.
Smart advertising on websites in your own country and others
Get press attention and join important groups
Details about leads, returns on investing, and the market
Background checks on renters and promotions to business accounts
Helped events give people in the area good skills and chances to meet new people.

You can look at the options, learn about the market trends, and start your successful real estate journey in Bahrain with our full help. Let IRIS Property Management be your trustworthy partner as you make the most of Bahrain’s growing real estate market.

Aug

Your Best Source about the Bahrain Real Estate Market – Iris Property Management

Posted on August 17, 2023 in Blog

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Bahrain stands out as the prime GCC country for real estate investment. Explore lucrative opportunities in this thriving real estate market. Even remote areas are seeing massive developmental plans and strategies from the government. The government is coming up with new real estate plans for the entire kingdom.

So, if you are planning to invest in real estate in Bahrain, then you may want to know a few things.

Why do people invest in real estate?

But first, why do people invest in real estate? Compared to most investment plans for an individual, the real estate market is one of the sectors that you can consider in investing. Moreover, people want to invest in homes, apartments, and other forms of real estate.

Having real estate is like a backup plan in case something goes haywire with your life. It has more value than investing in gold and other precious metals. This has caused a major leap in the Bahrain real estate market.

Today, you can find several options to invest your money, like mutual funds, stocks, and even fixed deposits. However, investing in real estate is one of the most reliable sources & avenues of income, which is profitable too.

Benefits of investing through a real estate company in Bahrain

The best way to invest in real estate would be to contact a reputed real estate company like Iris Property Management. We can provide you with phenomenal real estate services, without no hidden rates or agendas.

1) You get the real deal

A reputed real estate firm that has been operating in Bahrain for more than 10 years, knows the kingdom like the back of its hand. You see, real estate value increase with time, and it can provide you with tremendous amounts of cash when you require it.

Besides, you can also give your real estate property for rent. Rents tend to increase every year depending on the market.

2) The housing market never crashes

A good real estate firm is aware that the housing market never crashes. That is right. Though the financial crash may happen, real estate remains unaffected. Though it may be dull for a few months, things get back to normal quickly.

3) There is a good cash flow

There is good cash flow in real estate. The investment that you have to do is quite less than the ROI. Once you are done with the operational and other mortgage payments, you will see the cash flowing.

This offers you with a steady income every month or year. Moreover, when you face a financial emergency, you can sell the real estate property, and take care of things. One must be prepared for emergencies.

4) There are plenty of tax benefits

In the Gulf region, there are plenty of tax benefits for homeowners. Moreover, the government provides tax breaks for maintenance costs, insurance, and property depreciation. You can get low tax rates for a long-term investment.

As you can see, real estate is one of the best investments that you can do for yourself & your family. If you are keen on investing in real estate in Bahrain, then please do give a call to Iris Property Management to find out more.

May

An overview of the Bahrain property market by the best Bahrain real estate agents

Posted on May 30, 2023 in Blog

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The Economic Vision 2030 initiated by the government in the late 2000s was the boost that Bahrain needed. It expanded Bahrain’s economy in terms of resilience, diversity, and competition globally.

Tourism, banking, logistics, and manufacturing were a few of the strategic industries targeted by the plan because of their impact on the property market. The construction of large-scale public works like the Bahrain Bay Development and the Dilmunia Health Island has now resulted in thriving new neighborhoods and increased interest in real estate.

With its economy boosting a large number of businesses came and opened avenues for their businesses. After the pandemic, real estate investments in Bahrain surged in value.

Prices for luxury apartments rose by 5% Bahrain’s real estate sector showed a strong comeback, boosting the economy even after the pandemic. Presently, the Prices for luxury real estate have gone up high. High-quality assets now are the norm.

Bahrain’s primary wealth comes from oil and petroleum. The global oil demand keeps rising as a result there is an endless cash flow.

The luxury real estate sector is estimated to be valued at over a trillion dollars worldwide. We promise to explain everything as soon as possible.

Rents have been in demand since individuals discovered the cost of living to be 17% less than in the United States. The cost of living here is even cheaper than in other Gulf countries’ megalopolises. This means you will reap profits even in a metropolitan area in Bahrain

Villa developments remained popular in the residential sector, with mid-range home prices increasing by 5.2%. However, demand for premium developments has been hampered by the higher cost of borrowing, resulting in a quarterly decline of 1.3% in the value of luxury apartments. As end-users continued to tighten their belts, the demand for moderately priced and inexpensive villas remained robust in the rental market. In the office market, demand was robust for both middle- and upper-tier buildings, and rents rose by 15% annually.

The rental industry has generally tracked the sales market in its upswing, with villa rental prices increasing by 4.5% year over year, reaching an average of BHD 1,139 per month. The number of new company registrations increased by 35.4% annually. The economy expanded more as a result of this.

It’s becoming increasingly apparent that the island nation of Bahrain is prepared to create its future through a commitment to environmentally responsible and technologically advanced real estate development. Its laws favor the landlord and the tenant Rent increases after every 2 years according to the lease law in Bahrain. It can go up to 5% for renting homes and 7% for homes for small and large businesses. Any correspondence regarding rent must be made at least three months in advance. This doesn’t make it burdensome for the tenant.

Cost-benefit analysis calculation: No portion of salary will be taxed away only the yearly tax obligation will be the 1% that goes towards social insurance. Thus they end up saving a lot of money because of this.

There are parts of Bahrain where one is allowed to own land. This adds to the leverage. Freehold property worth at least BHD 50,000 is required for a non-Bahraini to qualify for a residence permit through personal sponsorship.

Iris property management in Bahrain has more than 2000 satisfied clients and over 20 years of experience. Visit the website to know more!

Mar

3 Top Bahrain Property Market Insights to Help You Invest for a Better Future

Posted on March 25, 2022 in Blog

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With the real estate market booming in Bahrain but not as projected, due to the obvious reasons of the pandemic, the Bahrain property market is seeing a surge in sales of affordable yet big size housing solutions. Whether it is an apartment or a villa, people are looking for spacious properties with less cost. The average drop in luxury villa prices is recorded to be about 1.2% every quarter of 2021.

While you must consider these places and facts that come in handy to get acquainted with Bahrain’s property market, investing in real estate becomes a lot easier.

1) Rise in commercial properties in Bahrain Bay:

The Kingdom of Bahrain has consistently made a significant contribution among the GCC for businesses to build a base here. With the foundation of RERA in 2018, beyond hospitality and tourism, Bahrain has seen a number of real estate investors approaching a variety of industries to begin a wave of revolution. Many successful businesses want to expand their branches in Bahrain due to its lucrative and fair trade policies. Offshore REITs investing companies aim at setting up in Bahrain bay due to its close vicinity to the Bahrain international airport and a host of five star hotels. Bahrain Bay’s strategic location is close to the Bahrain Financial Harbour from the Al Fateh highway and connects King Faisal Highway to the old Manama souk. This makes it ideal for carrying out business related activities smoothly. Bahrain Bay’s architectural significance is that the design of the ripples has been planned by the same American architectural firm who planned the world’s tallest building, Burj Khalifa.

2) High-end vs dated properties:

As there is a lot of surplus in the rental market, Bahrain real estate agents such as Iris Property Management have noticed that only high-end properties are fetching good rental prices. Whereas the dated old properties are not getting adequate rent. The Seef district was originally created as a land reclaimed area in Manama. But due to its strategic location in the commercial center and the heart of the capital of Bahrain, Manama, its residential land, property and rental prices have surpassed all the expectations. Bahrain’s expatriate community is interested in the purchase of properties from the ten freehold areas in Bahrain like Amwaj island, Abraj Al Lulu, Al Juffair, Al Reef Island, Durrat Al Bahrain and Durrat Marina. Those renting out or leasing might want to consider Amwaj Islands, Juffair, Adliya, Seef, and Reef Island.

3) Real Estate Investment in Bahrain yields 6% more than USA and Europe: A lot of investors in the Gulf countries have reported that they have yielded 6% better rental returns than USA and European economies even during the pandemic. The relatively stable economy and the real estate market of Bahrain with Bahraini Government creating policies in the interest of the investors and property owners from time to time has helped Bahrain’s real estate market to bounce back. When it comes to investing into the property market in Bahrain, the right action at the right moment reaps rich dividends. Get in touch with Iris Property Management before it’s too late and begin investing in the Bahrain real estate market today!

Oct

7 Ways Luxury Real Estate Really Gives You Extra for a Classy Living

Posted on October 8, 2021 in Blog

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When it comes to a classy living we know that there is no substitute to Bahrain’s luxury real estate. The property market in Bahrain is showing tremendous growth despite the fact that the world is going through tough times. The real estate market in Bahrain is booming due to the foreign direct investment from Kuwait, UAE, Ireland, and Saudi Arabia. To encourage more foreign investment Bahrain’s corporate and personal taxes have been kept the lowest among the Gulf countries.

Moreover, it is easier than ever before for expatriates to get a freehold real estate in Bahrain. This means the dreams of those looking for a luxury property on the Bahrain islands is now a reality. While it can sometimes be difficult to find luxury real estate in Bahrain, however, we have compiled a list of things to look for in a luxury property to make things easier for you.

Private garden:
A nice and lavish landscaped private garden with fruit orchards, foliage and exquisite plants is one of the main characteristics of a luxury home when you look at the property even before you enter. It immediately makes a huge difference. Now you have the space for all your gardening or farming things. It helps absorb noise and pollution and gives you a home for your beloved pets. If you go for a luxury ranch house, do horse riding at home without any worries.
Private pool:
A luxury villa or a condominium will have a private roof-top or indoor pool. This means you get the exclusive access to control your pool, use and keep it according to your wish. On a really hot summer day, Bahrain’s weather can go too unforgiving but you will still be chilling in your own private pool without having to worry about anything else.
Enjoy an upscale neighborhood:
A luxury home allows you to take pride in the address, and expand your social circle. Your kids get to socialize with a luxury community and understand their lifestyle as well. With a lower crime rate and an access to top class healthcare facilities, you can bet upon luxury residences for your family friendly upscale neighborhood.
Highly secure:
Gated 24x7x365 security with automatic gate open and close, automatic garage open and close, 24×7 live recorded CCTV cameras in the estate, state-of-the-art home automation systems make your luxury home a highly secure place. Moreover, as we get better at technology, you always get to upgrade to the latest security systems and access control systems for your place.
Waterfront or beachfront
If you are looking for a calm place, opt for a lakefront or waterfront property. If you are looking for the waves and sunshine, go for the beachfront property. With beaches you can host a number of activities like beach volleyball, surfing and ferry rides. With a lakefront, you can opt for fishing, swimming and use your RV as well.
3 – 7% annual appreciation
Depending upon your location and the cost of real estate at that location when you purchase your property, you can experience 3-7% gain in the prices every year. That means it is a prosperous investment to stay in a luxury home rather than a normal home. You get more resale value if you sell your luxury home after a few years rather than selling a normal home after the same number of years.
Maid quarters
You want someone to take care of your day to day business. A servant’s quarters furnished within your luxury condo is a great addition. Check for such properties with Iris Property Management at attractive prices.

Conclusion:
It is not so difficult to get a luxury residence at the right price if you look at the right place. With luxury amenities like a private garden, private pool and maid quarters; exotic locations like waterfront and beachfront; a highly secure and family friendly neighborhood, luxury real estate in Bahrain promises the life of your dreams. With great gains on property value year after year, luxury real estate makes a profitable investment. To know more please contact Iris Property Management.

IRIS Property Management W.L.L

Tag Archives: bahrain property market

Bahrain Real Estate Investment: A Comprehensive Guide

Finding Chances in the Real Estate Boom in Bahrain