bahrain real estate market Archives - IRIS Property Management W.L.L

Aug

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

Posted on August 17, 2023 in Blog

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.

Jun

Discover the Splendor of Bahrain Properties: Unveiling a World of Possibilities

Posted on June 22, 2023 in Blog

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Welcome to the captivating world of Bahrain properties, where luxury, beauty, and endless opportunities await. At Iris Property Management, we take pride in offering we pride ourselves on offering the finest selection of properties in Bahrain, providing you with a gateway to a life of unparalleled elegance and comfort. Allow us to guide you on a journey where exceptional craftsmanship, breathtaking designs, and unparalleled amenities converge.

Property World Bahrain

Bahrain’s property world is a realm of endless possibilities, where architectural marvels and stunning landscapes come together to create a breathtaking tapestry. As the property world in Bahrain continues to flourish, it presents a myriad of opportunities for those seeking a home that transcends the ordinary. As a global hub of business, culture, and leisure, Bahrain attracts discerning individuals who seek a residence that transcends the ordinary. Whether you are a seasoned investor or a prospective homeowner, the best Bahrain properties offer a haven where dreams become a tangible reality.

At Iris Property Management, we understand the importance of finding the best Bahrain properties that align with your unique vision and aspirations. Our team of experts is dedicated to curating a portfolio that showcases the pinnacle of elegance, quality, and luxury. Each property we present is meticulously selected to meet the highest standards and encompass architectural brilliance, sophisticated interiors, and state-of-the-art amenities, ensuring an exceptional living experience for our esteemed clients.

Best Bahrain Properties

Our collection of the best Bahrain properties encompasses a diverse range of options, tailored to suit various lifestyles and preferences. From lavish villas that exude opulence to contemporary apartments that redefine urban living, our collection encompasses a diverse range of choices to suit every lifestyle. Whether you prefer the tranquility of beachfront living or the excitement of a bustling cityscape, our properties are strategically located in the most sought-after neighborhoods, offering convenience and access to world-class amenities.

Investing in the best Bahrain properties not only offers an unmatched living experience but also presents a lucrative opportunity for financial growth. With a thriving economy, a favorable investment climate, and a steady increase in property values, Bahrain has emerged as a hotspot for investors seeking substantial returns. Our team of experts possesses in-depth knowledge of the local market trends, enabling us to guide you toward the most promising investment options that align with your financial goals.

Beyond the tangible allure of our properties, Iris Property Management is committed to delivering an unparalleled level of service to our esteemed clients. We pride ourselves on providing exceptional service to our clients at every stage of the property journey. Our dedicated team of professionals is here to assist you with personalized guidance, tailored solutions, and a seamless experience. We understand that purchasing or leasing a property is a significant decision, and we are committed to making the process smooth and hassle-free.

In a world brimming with possibilities, let Iris Property Management be your gateway to unlocking the true essence of Bahrain’s real estate landscape. With our expertise, attention to detail, and unwavering commitment to client satisfaction, we assure you that your journey toward finding the best Bahrain properties will be an extraordinary one.

It’s time to embark on a new chapter of your life, where luxury, comfort, and sophistication intertwine. Discover the world of Iris Property Management and experience the pinnacle of refined living in the heart of Bahrain. Unveil the possibilities. Explore our portfolio of Bahrain properties today.

Jun

Empowering Communities: RERA Association Management in Bahrain

Posted on June 16, 2023 in Blog

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RERA approved real estate broker

In the realm of real estate, building thriving communities goes beyond the bricks and mortar. It requires a harmonious blend of vision, organization, and expertise. At Iris Property Management, we take immense pride in our commitment to empowering communities through our comprehensive RERA association management services in Bahrain. As a trusted partner, we strive to enhance the quality of living, foster unity, and provide unmatched support to homeowners associations across the region.

A homeowners association serves as the backbone of any community, ensuring seamless operations, maintenance, and a vibrant living environment for residents. With the ever-evolving landscape of property management, it is essential to have a reliable and professional association management team by your side. This is where our expertise as a RERA approved real estate broker comes into play.

RERA (Real Estate Regulatory Authority) is a regulatory body established to promote transparency, accountability, and professionalism in the real estate sector of Bahrain. Being a RERA-approved real estate broker, we adhere to the highest industry standards and guidelines, offering you peace of mind and confidence in our services.

Our RERA association management services encompass a wide range of essential functions, tailored to the unique needs of each community. From financial management to maintenance coordination, we provide comprehensive support to ensure the smooth running of your homeowner’s association.

Financial Management:

We understand the significance of transparent and efficient financial management for a homeowners association. Our dedicated team handles all financial matters diligently, including budgeting, invoicing, and expense tracking. With meticulous attention to detail and regular financial reporting, we ensure complete transparency and accountability.

Maintenance Coordination:

Maintaining a pristine and well-functioning community requires meticulous planning and coordination. Our experienced team takes charge of coordinating maintenance services, including repairs, landscaping, and common area upkeep. We work closely with trusted vendors and contractors to ensure timely and cost-effective solutions.

Governance and Compliance:

Navigating the legal and regulatory aspects of homeowners associations can be complex. As a RERA approved real estate broker, we offer expert guidance on governance, compliance, and legal matters. We assist in drafting and enforcing association bylaws, ensuring that your community operates within the framework of the law.

Communication and Conflict Resolution:

Effective communication and conflict resolution are vital for fostering a sense of unity and harmony within a community. Our team excels in facilitating transparent and timely communication among homeowners, addressing concerns, and resolving conflicts in a fair and professional manner.

Community Engagement and Events:

We believe in nurturing a vibrant and engaged community spirit. Our association management services include organizing community events, social gatherings, and fostering opportunities for residents to connect and build lasting relationships. We strive to create a sense of belonging and enhance the overall quality of life for homeowners.

Partner with Iris Property Management for RERA association management services in Bahrain and experience the difference that professionalism, dedication, and expertise can bring to your community. With our unwavering commitment to empowering communities and our deep understanding of the local real estate landscape, we are confident in our ability to exceed your expectations.

Take the first step towards a well-managed and thriving homeowners association. Contact us today to learn more about our RERA association management services and discover how we can enhance your community’s living experience.

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!

Apr

The Benefits of Renting an Unfurnished Apartment for Both Landlords and Tenants

Posted on April 26, 2023 in Blog

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Fortune moves both ways with an unfurnished apartment for rent in Bahrain available at Iris property management. Want to know how? Let’s step at home!

Perks of an unfurnished apartment for rent in Bahrain for the tenants

Lower Rent: Unfurnished apartments typically have lower rental costs than furnished flats, which can save tenants money in the long run.
Personalization: By renting an unfurnished apartment, tenants have the freedom to personalize the space according to their own tastes and needs, which can create a sense of ownership and comfort.
Flexibility: Unfurnished flats allow tenants to choose their own furniture and appliances, giving them the flexibility to select items that suit their lifestyle and budget. These furnished designs can be revamped anytime. Landlords don’t hold you accountable for their furniture as it is unfurnished.
Lower Utility Costs: Unfurnished flats often come with lower utility costs as tenants can choose their own energy-efficient appliances and lighting options.

Perks of an unfurnished flat for the landlords

Lower Initial Costs: Renting out an unfurnished flat allows landlords to avoid the upfront costs of purchasing furniture, appliances, and other furnishings, reducing their initial investment.
Long-Term Rental Stability: Unfurnished flats are typically rented out for longer periods, as tenants are more likely to settle in and establish a sense of home.
Reduced Maintenance: Furnished apartment require regular maintenance and upkeep, including cleaning, repairs, and replacement of furniture and appliances. In contrast, an unfurnished flat can be less demanding in terms of ongoing maintenance, saving landlords time and effort.

Best deals for tenants at Iris

IRIS Property Management is leading the way in projecting trends and giving a reality check. Property management, facility management, property maintenance, sales and leasing, and HOA management are just some of the many services offered by Iris Properties to assist clients in making the right decision.

Invention without bounds

For a truly otherworldly stay, we renovate, re-invent, and manage your home. All of our rentals come with central air conditioning, fiber optic internet, a fully equipped kitchen designed to your specifications, and regular maintenance. You have the option to choose between furnished and unfurnished flats.

High-end and location-specific housing options for the customer

An International School, hospitals, a shopping and dining hub, and the airport are all within a five-minute drive of a family-friendly apartment complex.

Elegance

Both an indoor and outdoor pool, as well as private parking, round-the-clock security, a lobby, and CCTV, are accessible. A movie theater, sauna, steam room, games room, playground, basketball court, barbecue area, squash room, 24-hour convenience store, and coffee shop are all available.

Landlord advantages

Find tenants in a quick time: We are pleased to report that our selected projects are 90–100% occupied thanks to our successful multi-national leasing team.
Real estate experts’ guidance: Our property agent is at your aid anytime anywhere. Our marketing strategy begins with a thorough assessment of the structure and each unit.
Real time update on current market rates: Stand out from the competition and price it an unbeatable resale value. We can provide advice regarding the market rates that can be achieve.
Legal costs are covered by us
Smooth transactions of payments: Secured, safe and speedy transactions.

What’s more?

Latest updates in the real estate market sector
Promoted advertising via local & foreign online marketing portals:
Local and foreign advertising through banners, sponsors, and featured listings
Press coverage in print media
Lead reports, ROI, and market research delivered weekly and monthly
Promotions for business clients
Background checks on all tenants’ safety
A solid local presence maximizing exposure with outside agencies through sponsored event

Are you too looking for such an advantage? Then contact Iris Property Management today!

Apr

Your Ultimate Guide to Finding the Perfect Property or Flat in Amwaj Island

Posted on April 12, 2023 in Blog

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Looking for a 3 bedroom apartment in Amwaj Island? No need to keep looking! This seaside location, with its impressive collection of features and amenities, is perfect for those in search of peace and convenience. Whether you’re looking for a luxury beachfront villa or a sleek high-rise apartment with panoramic city views, Amwaj Island has it all!

Let’s track down Amwaj Islands’ value!

Amwaj Island consists of 6 islands and offers a unique lifestyle and living experience.
Apartments for rent + healthcare facilities + modern education and learning
Average price for apartments for rent is 450 BD(I BHK) 635 BD,(2 BHK)920 BD, (BHK)
Iris Property management is the property finder in Bahrain Amwaj, best for 3 bedroom flat for rent in Amwaj.

The procedure for buying a property in Bahrain

The procedures for purchasing property in Bahrain are similar to those in other parts of the world.
Foreign nationals are permitted to own freehold residential properties in certain locations and can buy residences constructed on reclaimed ground in places like Juffair, Seef, Amwaj Islands, Reef Island, Durrat Marina, and Durrat Al Bahrain
Expat investors, property owners, and retirees can apply for a Self-Sponsorship Residence Permit as a freehold property owner for life.
There is an annual increase when renting an apartment in Amwaj islands, up to 10%. Thus flats for rent on Amwaj Island are economical!

Why Iris Property Management?

15 years renting luxury homes to happy tenants. After a decade of leasing properties and building customer loyalty, we understand their expectations. We outperformed.

Undefined 1 BHK

Two people share one-bedroom, two-bathroom apartments. Home needs space and proximity. Healthy relationships respect closeness and distance. All luxury one-bedroom apartments have two bathrooms.

Limitless innovation

We renovate, re-innovate, and maintain homes for an otherworldly experience. Each rental includes central air conditioning, fiber optic internet, an open kitchen in your preferred style, and maintenance.

Customer-centric homes

Luxurious and location-based. A kid-friendly apartment complex is five minutes from an International School, hospitals, a retail and dining district, and the airport.

Elegance

A well-equipped indoor and outdoor pool, private parking, 24/7 security, reception, and CCTV are available. A movie theater, steam room, sauna, games room, playground, basketball court, BBQ area, squash room, 24-hour store, and coffee shop are also available. We use cutting-edge technology. Dishwashers and smart washers relax you.

Extras

Spacious living and dining area; modern open kitchen; 3 bedrooms; 5 bathrooms
Maids’ room
Laundry Large Terrace/Balcony
Separate gym for ladies
10 years’ Service Charge Free(Selected properties only)

Non-Bahrainis who own freehold property are eligible to receive residence permits through personal sponsorship, with a total value of at least BHD 50,000.

The applicant must have a current health insurance certificate, an accurate passport copy, a legible copy of the ID, a certificate of good behavior and behavior, a duplicate of the lease contract, a certified copy of the company’s articles of incorporation, and a source of income that provides at least 500 Bahraini Dinars (BD) per month. Amwaj has something to suit your needs and your budget. You can find a rental that suits your needs, whether it’s a quiet place to unwind after a hard day at work or a sunny spot to get some vitamin D. Don’t put off contacting us any longer; we’d be thrilled to assist you in making your ideal relocation a reality.

IRIS Property Management W.L.L

Tag Archives: bahrain real estate market

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

Why do people invest in real estate?