IRIS Property Management W.L.L

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Top real estate companies in Bahrain

There are many foreign investors who are choosing to invest in Bahrain over Dubai for several reasons and real estate companies in Bahrain are more than excited to offer you with the best commercial real estate investment opportunities. The pool of skilled talent available in the Kingdom of Bahrain is now attracting foreign investors who trust Bahrain over Dubai because of the fact that the cost of living in Bahrain is a fraction of the price to Dubai. Starting a venture in Bahrain is easier as an expatriate as the laws are favorable alongside the commercial real estate. Not just so, but hiring talent is cheaper in Bahrain than Dubai as well as residing at your own home is also possible with little money than Dubai. Many top industry leaders in the world have already set a foot and made their mark in Bahrain due to its business favorable climate.

Discover why the top 5 real estate companies in Bahrain are ready to help you choose the perfect property to get started with business in Bahrain.

1) Real estate accounts for 6% of Bahrain’s GDP rising with a rate of 2.3% year on year
While real estate is not just an appreciating asset with great returns but an income generating asset class as well. Bahrain’s real estate boom is apparent from the fact that the restrictions have been lifted post COVID and there is a major recovery seen in the tourism sector. The appreciation expected in the real estate sector is 8-10% as these are the numbers from the past.

2) Retail, F&B and community sectors are booming with market being undervalued in 2022
Major food chains across the world want to start their business in Bahrain as the market is progressive. Buying real estate during the time it is undervalued helps long term capital gains and build assets. Similarly, the retail and community sectors have seen an increased buying with a dip in Q2 2021. This is helping investors to take the opportunity for increased real estate buying as well as make the most out of the market conditions.

3) Bahrain offers Residency by Investment in real estate
If you own a property worth 200,000 BHD, you can avail a Golden Visa allowing you a residency by investment in Bahrain. This golden residency is available for all nationalities around the world without any exception. This golden opportunity allows you to bring in family members including father or mother, wife and children, as well as grandchildren while working in Bahrain. Apart from this, for 70000 BHD property owners, residency by investment will apply for a span of 10 years with less privileges than a golden visa.

4) For Expatriates, cheap real estate in Bahrain accounts for tax free residential permit
Although the expenses of utilities have a major price difference for natives and expatriates, cheap real estate for expats in Bahrain is the gateway to a tax free residential permit. Which is one of the reasons why the top real estate companies in Bahrain like Iris Property Management highly recommend purchasing own property in Bahrain for commercial as well as residential use. The culture of Bahrain is relaxed for the expatriate community here providing freedom to carry out trade and business effortlessly.

5) Today is the right day
When it comes to the present market conditions in the real estate sector, the increased buying from expatriates across the country has led to a weak property market. This is the ideal condition for property purchase. When the supply of real estate will diminish, the property market will be at an all-time high, leading to scarcity of properties to purchase. Connect with Iris Property Management for your prosperous real estate investment at great prices.

Final Thoughts:
Discover the real reasons why everyone is crazy about investing in real estate in Bahrain over Dubai. Some of the reasons include Bahrain’s real estate market share in GDP is rising, commercial real estate market is undervalued means the right time for buying, golden visa perks for residency in Bahrain, cheap real estate perks for tax free residency in Bahrain and the right moment to invest in Bahrain’s real estate market. Connect with Iris Property Management to start investing in real estate in Bahrain today!

bahrain real estate market

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!

rera approved real estate companies in bahrain

Investing into property whether you are renting or buying is a huge decision. Making sure you know your rights and in order to protect them, RERA (Real Estate Regulatory Authority) has been formed in Bahrain to promote real estate investments in the Kingdom of Bahrain. It was formed on 1st March 2018 to work on the vision of His Royal Highness Prince Salman bin Hamad bin Isa Al Khalifa the Crown Prince and Prime Minister.

Let us go through some of the facts you must know before getting started to venture into real estate in Bahrain.

  1. RERA approved Brokers can only sell property in Bahrain
    It is the duty of the developer of the real estate project to provide correct information about the property to the broker or buyer. This regulation by RERA starting from 2018 has allowed only RERA approved brokers to sell and rent out properties in Bahrain. Even the developers are RERA approved. This has solved many problems in the real estate market and created transparency to attract new buyers.
  2. Properties for sale and rent are regulated by RERA
    RERA registered properties are only sold or rented out legally in the Kingdom of Bahrain. All the RERA rules and regulations apply to all the properties in Bahrain for sale or rent whether freehold or leasehold. This helps homeowners, property owners and tenants to protect their rights and avoid any conflict. Work with one of the best RERA approved real estate companies in Bahrain. Get in touch with Iris Property Management today!
  3. Brokers are not valuers, RERA has pricing strategy
    As per Bahrain Valuation Standards (BVS) 2019, a RERA certified valuer can assess the value of the property in question. Brokers do not have the authority to conduct a real estate valuation in Bahrain. The RERA conducts training for certification of real estate valuers. This promotes greater transparency and accuracy of real estate valuation in Bahrain creating greater transparency, efficiency, and consistency in the market.
  4. Brokers are a bridge between builder and buyer
    Negotiating the best prices between the developer or builder and the buyer is a win-win situation for both the parties. Getting people to buy properties that they love at the prices that they can afford is the RERA approved real estate broker’s work. They lead a team of real estate agents to close the deal. A broker keeps the track of all the properties sold or rented out and reports to RERA.
  5. RERA protects the rights of citizens and investors in Bahrain
    As 55% population in Bahrain is of expatriates, there was a need to regulate and make the real estate market in Bahrain compatible with the international real estate standards. This led to the foundation of RERA (Real Estate Regulatory Authority) in Bahrain to protect the rights of both Bahrain citizens and international investors in Bahrain. Since the inception of RERA, the process of acquiring or selling real estate properties in Bahrain has become more transparent creating a boom in the market.

Get in touch with Iris Property Management to find a suitable property in Bahrain for home or business.

Bahrain real estate market

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.

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