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Investing in Different Property Types in Bahrain

If you are looking to invest in real estate in Bahrain, you might be wondering if it’s beneficial to invest in residential or commercial property in Bahrain. While investments in both types of properties have their pros and cons, it is advisable to invest in property that gives you the best returns with minimum costs. Also, it is advisable to consult the best real estate company in Bahrain like Iris Property Management WLL for the best deals in commercial residential property in the Kingdom.

Let’s understand the benefits and disadvantages of investing in commercial residential property in Bahrain so that you can make a more profound Bahrain real estate investment. 

Commercial property in Bahrain

Commercial property is that property that is used for commercial or business purposes. The main difference between commercial and residential property in Bahrain lies in the details of what the property is used for. Even the income generated from the property and how the property is taxed by the laws of the land influences the demarcation between the two types of properties. 

Advantages of investing in commercial property in Bahrain

Higher returns on investment

One of the advantages of investing in commercial property is the fact that commercial property yields better returns on investment. The rate of income from rents from commercial property is usually higher than the rents from residential property. 

However, many factors influence the rate of rent for commercial and residential properties in Bahrain like location, area of property, etc. 

Longer lease terms

Usually, businesses rent commercial property for a long period, unlike individuals or families who rent residential properties for shorter periods. Longer lease terms ensure owners of a longer rental period. Thereby owners can avoid the hassles of looking for tenants now and then. 

Steady flow of income

Again, business establishments like banks, multinational companies, and retail outlets rent commercial property. It becomes easier to recover rent from such entities as the rental income comes promptly every month without delays. That is why it is advisable to invest in commercial property in Bahrain. 

Disadvantage of investing in commercial property

High investment

Commercial properties are costlier than residential properties. Therefore, investing in commercial property in Bahrain may prove to be more expensive than investing in residential property. 

Difficulty in finding appropriate tenants

One of the disadvantages of investing in commercial property is that finding the best business tenant is comparatively difficult. Before renting space, businesses have to ensure that all the requirements of the business are met in the specific property. Therefore, it becomes difficult to satisfy all the needs of the tenant. 

Residential property in Bahrain

Residential property, as the name suggests is the real estate property exclusively for living purposes. 

Advantages of investing in residential property in Bahrain

Tax benefits

There are several tax benefits of investing in residential property in Bahrain. To encourage real estate investments, the Government offers several rebates for investments in residential property in Bahrain. 

No restriction on ownership

Another advantage of investing in residential property in Bahrain is that there are no restrictions on the ownership of the property. In other words, even non-nationals can invest in real estate in Bahrain, making it a very lucrative option for people looking to invest in Bahrain. 

Golden Visa

Non-Bahraini nationals owning property in Bahrain have the option of being part of the Bahrain Golden Residency Visa Program. This visa allows a 10-year long-term residency option for foreigners who own property in the Kingdom.

Disadvantage of owning residential property in Bahrain

Maintenance and upkeep of property

One of the main disadvantages of investing in residential property in Bahrain is that if you are looking to rent your residential house or apartment to tenants, you have to maintain the apartment each time a tenant leaves. So it becomes difficult and expensive to maintain the property. 

Difficulty with tenants

Residential properties are let out to individuals or families and not to businesses like banks and retail shops. Therefore, many times owners may find it difficult to retrieve rent from these individuals or families. Also, lease periods might be for shorter durations, unlike commercial rental leases which are usually for longer periods. 

Is it worth investing in real estate in Bahrain?

Statistics reveal the real estate market in Bahrain is expected to reach a whooping value of US$84.48bn in 2024. Therefore investing in real estate in Bahrain is a good option. The demand for real estate is projected to reach greater values in the coming years.

Bahrain is one of the most preferred destinations for real estate investments. Stable governance, favorable government policies, good returns on investments and iconic locations are just some of the factors that make investing in Bahrain real estate more worthwhile. Iris Property Management in Bahrain is one of the best real estate companies in Bahrain. We offer quality services to real estate investors in the Kingdom. 

Conclusion

Iris Property Management Company in Bahrain is one of the best real estate companies in Bahrain. If you are looking for houses and apartments for rent near you in Bahrain, Iris Property Management Company is your one-stop real estate agency in the Kingdom. 

With experience in the sale and rent of commercial and residential property in Bahrain, we are one of the most efficient in the business.

Our years of dedicated service in Bahrain have earned us the title of being the most reliable real estate company in the country. 

Our real estate portfolio comprises commercial and residential buildings and plots that suit the various needs of our clients. From luxury houses and apartments for rent near you to commercial flats for rent in Bahrain, we have a wide selection of properties for various clients with diverse requirements. 

Contact Iris Property Management WLL for the best deals in residential and commercial flats for rent and sale in Bahrain.  

Source about the Bahrain Real Estate Market

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.

flats for sale in bahrain

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!

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!

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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