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Tag Archives: bahrain real estate investment

buy real estate in bahrain
08
Feb

State of real estate in Bahrain 2023

Posted on February 8, 2023 in Blog
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Bahrain is a beautiful country that boasts its luxurious real estate sector. New policies, government support, foreign investment, and interest from nearby countries have pushed this sector. It has significantly risen after the pandemic and affected almost every other industry.

However, the current situation is far from that and shows a rising story. There are so many factors to this and as an experienced real estate company Bahrain, we can surely suggest you buy real estate in Bahrain. It is most likely to get you great returns.

Read on to know more.

  1. Government policies: Bahrain’s government is a pro-real estate. They are coming up with a lot of policies, and changes in RERA and offering schemes like Golden Visa wherein ex-pats are promoted to invest in real estate.  The policies are developer friendly as well. In terms of taxes too, this country is tax-free. So overall it’s a good sign for both the suppliers and the ones seeking demand.
  • Foreign investment: Interestingly the surrounding GCC and other countries are showing great interest in real estate Bahrain. Liberalization in foreign ownership of real estate projects further pushes the real estate sector towards growth. The golden visa scheme is another promoter in this domain.
  • Economy: The GDP of Bahrain is on the rise. Various reports and statisticians present the best picture ahead. The real estate sector is the major contributing sector to it.
  • Rental yield: If one were to believe the reports, the rental income from real estate in Bahrain yields around 7% income. So investing in any real estate project in Bahrain turns out to be a profitable business. Zero taxation on rental and property is another interesting factor that is an enticing factor.
  • Developmental programs: The stakeholders that are a part of this real estate economy continue to bring and discuss better initiatives. These initiatives are quite important for helping the real estate sector to grow. There are roundtables and investor initiatives happening to lobby for better real estate development and offerings.  
  • Tourism sector:  The tourism sector in Bahrain is growing more rapidly than expected. It is more so after the pandemic hit. Everyone is trying to explore newer and less commonly known places. Bahrain turns out to be a perfect place with varied offerings from entertainment, luxury, shopping, and relaxation. It is attracting investors and real estate developers to cater to the diverse interests of people.

IRIS Property Management has always been on the top when it comes to projecting trends and giving a reality check of the realty. Our core services include property management, facility management, property maintenance, sales and leasing, and homeowner’s association management.

We continuously strive to help our wide range of customers to make the best choice. Decades of experience in real estate Bahrain have got us a renowned name. We would suggest consulting with our team of experts who can guide you in choosing and managing your real estate in Bahrain.

flats for sale in juffair bahrain
09
Dec

How to Find a Perfect Flat for Sale in Bahrain?

Posted on December 9, 2022 in Blog
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Finding the perfect flat may be tricky if you’re looking to buy a flat in Bahrain. There are as many different types of flats on the market as people are looking for them. There are large houses with two or three bedrooms, single-bedroom flats, and large duplexes that have their own pool; you name it. Luckily for all these people trying to find their perfect flat for sale in Bahrain, we’ve put together this post to help you make your decision easier.

1. Know your budget

It is the most essential and fundamental thing to do when looking for a flat. Make sure you know exactly how much money you are willing to spend, from top to bottom. If you’re looking for something nice, then obviously go for it. But if you’re looking for a cheap alternative, keep in mind that Bahrain has relatively high prices.

2. Understand what you want

It is obvious that if you purchase a huge home with two or three bedrooms, you will only occupy one of them. However, there is more to consider than just the number of rooms in your new home: the size of those rooms is also significant. For instance, a big home with just one bedroom is an excellent value. However, it will be difficult for families with young children to share the area.

3. Location of the flat

Another factor to consider while purchasing an apartment is the location. If you dislike living in the suburbs, you should avoid purchasing a home there. Finally, have some fun and see what your friends and neighbors think of your new house. There are a number of methods to determine if the neighborhood is pleasant, including asking about their own apartment and whether they like it or not.

4. The Neighborhood

Many of the Bahrain apartments for sale are located in bustling areas because of the high demand, but your new home can still be in one of these areas. Instead, you can find a nice flat in an area with a lot of green space and parks, although the streets might be slightly noisy.

But to ease your hassle, Iris Property Management has got you. Their extensive network and reputation in the market can give you various options that fit your budget. There are flats for sale in Juffair and if you are looking for them then you can get the best deal from us. So, why wait? Reach out to us and find your dream home!

property agents in Bahrain
30
Nov

Things to Do Before Calling Property Agents in Bahrain

Posted on November 30, 2022 in Blog
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If you want to hire property agents in Bahrain, you should be ready to show your house within a few weeks and have taken care of all the important financial matters. This requires a while, and depending on how your home is set up (and your financial situation), it can take a long time. First impressions are crucial in the property world Bahrain, so avoid making a lousy market entry. Before deciding on Bahrain real estate agents, you should go through the following stages.

Get a Mortgage Pre-Approval from Property Agents in Bahrain

Before you hire a real estate agent, you should first look into your financing options. Your ability to purchase a home depends on various factors, including the length, cost, and rate of return of your mortgage.

Also, remember that being pre-approved for a mortgage is different from being pre-qualified for one. Even though debts, income, and assets are looked at in both stages, only a formal mortgage application is needed for pre-approval.

Market Research

The price range of residences you should look into will depend on the mortgage for which you have been pre-approved. However, if you are also selling, you must know the local market for similar properties. Remember that even if you can research real estate advertisements in print and online, all you will learn are the asking prices. By asking a real estate agent, you may find out how long homes have been on the marketplace, if there have been any price cuts, and most significantly, the final selling prices.

Even though market research is crucial, wait a while before falling in love with any particular property. When you’re ready to buy, there’s a reasonable risk the property world Bahrain won’t be available, especially if you have to sell your property beforehand. Subject-to-sale offers, or “yes, but…” offers as they are known in the real estate business, are less likely to be accepted by a seller than offers with sound financials.

Create an Impression

Most of us have watched enough episodes of “Trading Spaces” to be familiar with house staging. It would help if you also made a good impression on your real estate agent. Did you know that? When you have your house ready for an open house before an agent comes by, the agent will be able to see your house’s full potential and will be able to sell the house more effectively.

Unexpectedly, a clean bathroom will go a long way when selling your house. A neat place conveys pride of ownership and suggests that it has been well-maintained. For instance, the design of your entrance matters as much as any other interior feature. Ensure that your door, mat, mailbox, and trim are immaculate. While you might not notice the dust and insects in your daily life, observant home buyers might be turned off by your poor housekeeping. Dust and insects love light shades and fixtures.

Conclusion

The above points are to be remembered before seeking Bahrain real estate agents. You can connect with IRIS for all your real estate-related queries. IRIS was created 15 years ago with a dedication to professionalism and client service. We provide unmatched real estate services for purchasing, selling, renting, and maintaining residences and commercial properties in Bahrain.

Flats for sale in Amwaj
29
Nov

Flats for Sale in Amwaj – Things to Consider

Posted on November 29, 2022 in Blog
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One of the most important decisions you will make in your life is likely something you have been considering since you were a child: investing in a new home or apartment. The wait is over, as there are many flats for sale in Amwaj. Years of planning and saving cannot be abandoned when the time comes for you to make the ultimate choice. As a result, you must consider your options carefully before making a decision. You should be extra careful when buying a home because you may need to take out a big loan and then have payments taken out of your paycheck every month. There is a 2 bedroom flat for sale in Amwaj for your needs and requirements.

Property Price

The first thing you should do while looking for a house or apartment is to establish a budget. Knowing how much you are willing to pay for a house helps narrow your list of potential purchases. To determine whether the builder has given you an accurate quote, compare the price of the property in question to those nearby by different builders. You can compare properties in the area in which you are looking in various ways. These sources include a 2 bedroom flat for sale in Amwaj.

Carpet Price

The area of a property, also known as the super built-up area, is typically the total area, including all shafts, elevator space, stairs, wall thickness, and other features. However, flats for the sale has all the boundaries within the carpet area. This area may be 30% smaller than the built-up area or the area taken into account when determining the property’s price. When two people own separate units on the same level, the expense of maintaining the shared spaces may be divided between them.

Legal Documentation

Verify if the building is entitled to be built on its land. The developer should have been given approvals and NOCs by the area development authority, water supply, sewage, and electricity boards, and municipal corporations.  However, the relevant bank will evaluate your property paperwork before sanctioning your loan if you’re getting a home loan.

Possession

It has become common for people to have to wait longer to move into their apartments because of delays in building plans for businesses and homes. You, as the buyer, should be able to estimate when you will take control. A developer typically requests a six-month grace period, but there should be a reason for doing so, and you should be aware of it.

Banks

You should know the banks’ willingness or unwillingness to credit particular builders. Specific banks won’t lend to some builders due to a negative reputation. Therefore, you must confirm with the banks providing funding for the project you intend to invest in.

Conclusion:

Flats for sale in Amwaj are made more accessible by the Iris Property Management Company. Call us today for all your queries, and you can also visit our website to see the properties available.

Top real estate companies in Bahrain
10
Aug

Top 5 Reasons Why Real Estate Companies in Bahrain Help you make the Best Investment

Posted on August 10, 2022 in Blog
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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!

luxury villas for sale in bahrain
05
Aug

Top 3 Luxury Villas for Sale in Bahrain You Might Miss Out

Posted on August 5, 2022 in Blog
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Finding luxury villas for sale in Bahrain with a beachfront and garden is easy with the best Bahrain luxury real estate management companies. One such company offers freehold villas for sale in Bahrain at best deals. Learn more about the facilities you can experience in a luxury villa in Bahrain for sale.

  1. Luxury Villas for Sale at Diyar Al Muharraq:
    Experience the true waterfront living in brand new villas for sale. These villas will be ready to move in by March 2023 and will make a mark with the most exciting kitchen interiors. Get the opportunity to design it the way you want with your favorite designers. It features luxury 4 bedrooms with ensuites. It also features a servant room on the second floor and driver’s room through the garage. It also has a private boat dock for your yacht and an outdoor pool with a sitting area. The prices of such luxury villas for 3 and 4 bedrooms will start from 199,000/- BD to 300,000 BD as per the area of the villa. Get in touch with an expert from Iris at +97335627735 to schedule a tour to the property.
  2. Large Family Luxury Villa for Sale at Amwaj Islands:
    Explore the top luxury villa with 7 bedrooms and 8 bathrooms. It is a premium quality fully furnished luxury villa with a large private pool, big garden, sea view and direct beach access. This luxury villa has three storeys and with each of the seven bedrooms having an ensuite and a walk-in closet. Servant room, driver room, gymnasium, laundry rooms and four main living areas complete with an elevator makes this property one of the most sought after properties in Bahrain. If you are interested in buying this property, it is on sale for a modest price of BD 720,000/-. To schedule a property tour, call Iris at +97335627735.
  3. 3 Bedroom with Ensuite Luxury Villa at Floating City, Amwaj Islands:
    This 3 bedroom luxury villa with ensuites and an extra guest bathroom features a semi open kitchen, dining hall with a large patio. Complete with centralized air conditioning, the bedrooms have a breathtaking water view. Security at Amwaj islands is 24x7x365. Steer through the waters with a private boat mooring. It has a separate maid room for house help. It has an inviting and bright living area for entertainment, family dining and fun gatherings.

Conclusion:
Whether you are a small or a large family, you deserve a comfortable and luxurious life away from everyday hassle. Diyar Al Muharraq, Amwaj islands and floating city on Amwaj islands are the perfect places to find one. If you are interested in visiting these properties to experience the magnificent beauty and make it your own, connect with Iris Property Management immediately. They provide hassle free procedure of owning your dream luxury suite at the best prices in Bahrain. Iris helps you keep your property in pristine condition with their state of the art services alongside the transparent real estate dealings. Enquire now!

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