IRIS Property Management W.L.L

yourmail@company.com
Login

Tag Archives: buy real estate in bahrain

expatriates flat for rent in bahrain
15
Feb

A Comprehensive Guide for Expatriates on Buying Property in Bahrain

Posted on February 15, 2024 in Blog
No Comments

Before we step into the requirements for an expatriate to buy property in Bahrain, let’s define the term expatriate for clarity.

An expatriate is a person who lives outside his/her native country. It is defined as an individual who is living and /or working in a country other than the country for his/her citizenship. 

Navigating the Bahrain Real Estate Landscape

Bahrain attracts several foreigners who have comfortably made Bahrain their home. The booming economy, favorable infrastructure and vibrant atmosphere are what attract foreigners to the Kingdom of Bahrain. 

Foreigners often express the desire to own property in Bahrain. Therefore, let’s understand the requirements for expatriates to buy property in Bahrain. 

Expatriates can own property in Bahrain, but it’s not without restrictions. There are certain regulations and limitations when it comes to foreigners investing in Bahrain real estate property. 

Here are the guidelines for expatriates to buy property in Bahrain

Freehold Properties

Foreigners or expatriates can buy real estate in Bahrain only if is designated as freehold property. “Freehold” as the name suggests refers to that property which is ‘free from any hold’. The owner of the property must have complete rights to the property, in perpetuity and without any restrictions. 

Designated areas

Expatriates can buy flats for sale only in specific areas in Bahrain. This is the main difference when it comes to local nationals and foreigners purchasing property in Bahrain. Local nationals can buy real estate anywhere in Bahrain. However, foreign nationals can buy property only in specific or demarcated areas in Bahrain. 

Required approvals 

While purchasing real estate in Bahrain foreigners must get special approvals and permissions from different Government departments. The Government of Bahrain permits flats for expatriates after they obtain approvals from various agencies like the Ministry of Housing.

It is advisable to consult a good real estate agent before investing in real estate or property in Bahrain. Iris Property, considered one of the best property management companies in the country offers expert advice and guidance to foreigners looking to buy real estate in Bahrain.  

Residential permit for foreign nationals or expatriates

The Government of Bahrain has taken several steps to boost foreign investment in the country. One of the systems in place in Bahrain is that foreign nationals can apply for residential permits if they invest in property in Bahrain. The Government stipulates an investment of a minimum amount to be qualified under this rule.

However, the residency permit granted is usually not a permanent one and may require renewal at regular intervals. Also, proof of continued ownership of the property will have to be furnished with the relevant authorities from time to time. 

Purchasing flats for expatriates in Bahrain may involve more paperwork than local nationals. The process may be a bit more complex than normal procedures, but with a good real estate agent in Bahrain, it is possible to experience a smooth process. 

Conclusion

Bahrain has always been a welcoming country. Foreign nationals can purchase property in Bahrain without much hindrance. However, appointing the right property management company in the country can ensure an obstacle-free process. Iris Property Management is a real estate and property management company in Bahrain. The company is known for its years of experience in the field of real estate property, management and development. 

bahrain real estate agents
18
Jan

How to Find the Best Real Estate Agent in Bahrain?

Posted on January 18, 2024 in Blog
No Comments

The Bahrain real estate market is booming. The flourishing economy has led to an influx of investors from around the globe. This has naturally contributed to a growing population and an increase in the demand for residential and commercial spaces. As an investor, it is important to select the right real estate agent before investing in the Bahrain property market. Selecting a real estate agent without proper groundwork can lead to wrong investments.

Here’s how you can select the right real estate agent in Bahrain

Compile a database 

It would be a good practice to compile a database of all real estate agents in Bahrain. The Bahrain real estate market is mammoth. The presence of innumerable real estate agents makes it difficult to select the right one that will deliver all your requirements. Compiling a database can give you an idea of the size of the property market in Bahrain. 

Check the agency credentials 

Confirming the credentials of the real estate agency will give you the surety that you are dealing with a trusted name in the industry. Ask for the agency licenses, permits and other legal documents before you select your real estate agent. 

Proactive real estate agent

Make certain that the real estate agent you select is proactive and responds to your queries on time. Investing in residential or commercial property requires large investments and often involves hard-earned life savings. So, it is pertinent that your real estate agent is aware of your investment and remains in communication throughout. A good real estate agent will keep their clients informed of all the developments in the transaction. 

Do not hesitate to ask questions

While selecting your Bahrain real estate agent feel free to ask questions. Do not hesitate. After all, it’s your money that is being invested. You can enquire about the best property deals, the compliances, documents and other requirements. 

Property knowledge

The Bahrain property market is vast. A real estate agent who has a thorough knowledge of the local market is essential. A good real estate agent will inform customers of the local amenities available in the neighborhood and surrounding areas. This gives the prospective buyer an idea of where to invest.

Testimonials and recommendations

A good real estate agent will offer its prospective customers a list of its clientele base. Contacting these clients will give you first-hand experience of the agent. You can also determine the way the agency operates. Testimonials and reviews are always the best way to ascertain the efficiency of the real estate agent. 

Conclusion

The Bahrain real estate market is highly volatile and dynamic. Choosing the right real estate agent can make the process less cumbersome. This allows you to make more informed decisions. Iris Property Managers is regarded as one of the best property management companies in Bahrain. With in-depth knowledge of the Bahrain real estate market, Iris has managed to remain a trusted name with its large clientele base. 

Bahrain real estate investment
17
Nov

Bahrain Real Estate Investment: A Comprehensive Guide

Posted on November 17, 2023 in Blog
No Comments

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.

buy apartment in bahrain
29
Sep

Unlocking Investment: Buying Flats and Apartments in Bahrain

Posted on September 29, 2023 in Blog
No Comments

If you have ever seen a flat for sale in Bahrain & wished to buy it, you made the right decision. Bahrain has lately been Arabia’s constant evolution. From centers to beautiful places to business centers, Bahrain has it all. Every part of it is under continuous change. These are slowly laying the foundation of rising real estate tomorrow. We all know that real estate price increases when surroundings evolve. The more the development around the real estate, the higher the price. It guarantees prosperity for the real estate property seller and buyer. Hence, it’s a mutually beneficial scenario.

Two obvious developments are happening in Bahrain that are future-centric now:

  • A new rail network will go into the limelight in the coming years.
  • Besides, the number of sea reclamation projects in the area will increase your real estate price by 3x.

Remember that Bahrain is 17 times less than the US. So buying here is securing your future and family. Also, if you are an expat & you buy a property above 50,000 BHD, you have the right to issue a residence permit. However, the property should be located in the following locations. These include below listed Bahrain’s freehold areas.

  1. Juffair
  2. Seef
  3. Amwaj Island
  4. Manama
  5. Riffa
  6. Busaiteen town
  7. Durrat Al Bahrain
  8. Muharraq

Another high-return investment feature of Bahrain is that the number of freehold areas is supposed to increase in the coming years. The government is thus attracting foreign investments here. Also, expats or foreign investors have to pay a municipal tax of only 10% on Bahrain-owned properties. As a result, Bahrain’s real estate looks promising.

To make the most out of these, you will need a real estate company that caters to all needs. For instance, you will need a real estate company that caters to;

Why should you choose such a real estate company?

Property management enhances the real estate value. It makes your property look more attractive to those needing a rent in Bahrain. One of the benefits of buying real estate in Bahrain is the amount you can earn from renting it. Renting gives you two times the compound value. When you hire a property management company, it solves all of your tenant issues.

Therefore, you barely have to present to solve the problem as the property manager handles everything. From legalities to repairs & maintenance of property, you can be stress-free. Peace of mind is an invaluable luxury. It also saves tons amount of time that you can use to grow your other businesses or improve your productivity.

If the real estate company makes sales & leasing for you, you can pack your bags and go on a holiday while making profits on the other side. You can sit & make money without doing anything. That is what a successful business is like. We’ve often seen successful people in the industry going on holidays while we are working 24/7. Successful investors see the value of a property & know where to invest. Iris is one such real estate that can increase your Bahrain property investment returns. It is no scam of shares or stocks.

A well-known fact is that Bahrain’s real estate has increased between 5-7% this year. Choosing to buy a property from Iris is a luxurious leverage. Buying an apartment in Bahrain on Iris is the smartest real estate investment choice you will ever make. You will find 99 reasons why Iris is the best real estate in Bahrain on the website. What are you waiting for? Visit the Iris Property Management website now!

real estate company bahrain
17
Aug

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

Posted on August 17, 2023 in Blog
No Comments

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.

Bahrain apartments for sale
18
Jun

Discover Your Dream Home in Bahrain with Iris Property Management

Posted on June 18, 2023 in Blog
No Comments

Are you in search of a perfect home in the vibrant and enchanting Kingdom of Bahrain? Look no further! Iris Property Management is here to assist you in finding your dream apartment or house for sale in this beautiful island nation. With our extensive knowledge of the real estate market and commitment to exceptional service, we are the premier choice for anyone seeking to buy a flat or house in Bahrain.

Finding Your Ideal Apartment or House:

Bahrain, known for its rich history, cultural heritage, and stunning landscapes, offers a diverse range of real estate options to suit every taste and preference. Whether you’re looking for a luxurious apartment with breathtaking sea views or a spacious house nestled in a tranquil neighborhood, Iris Property Management has an extensive portfolio of properties that cater to various budgets and requirements.

Apartments for Sale:

If you are searching for apartments for sale in Bahrain, Iris Property Management has an impressive selection that will surely capture your attention. From modern high-rise buildings in the bustling city center to elegant waterfront residences, we have something for everyone. Our team of experienced professionals will guide you through the entire process, ensuring that you find an apartment that meets all your needs and desires.

Buy a Flat with Confidence:

Investing in a flat in Bahrain is a wise decision, considering the country’s thriving economy, stable real estate market, and favorable legal framework for property ownership. Whether you are a first-time buyer or an experienced investor, our team at Iris Property Management will provide you with the necessary insights and assistance to make an informed purchase. We understand that buying a flat is a significant financial commitment, and we are dedicated to helping you make a confident and secure investment.

Houses for Sale:

For those seeking a more spacious and private living environment, Bahrain offers an array of beautiful houses for sale. From contemporary villas in exclusive gated communities to traditional Bahraini-style residences with charming courtyards, Iris Property Management has a collection of houses that exemplify luxury, comfort, and style. Our expert agents will work closely with you to understand your preferences and find the perfect house that reflects your unique lifestyle.

Your Trusted Partner in Real Estate:

At Iris Property Management, our commitment to customer satisfaction is unwavering. We pride ourselves on delivering personalized service, ensuring that every client receives the attention they deserve throughout the entire buying process. Our experienced team possesses in-depth knowledge of the Bahrain real estate market and maintains strong relationships with property developers and owners, enabling us to offer you a wide selection of high-quality properties.

Conclusion:

If you’re ready to embark on a journey to find your dream home in Bahrain, Iris Property Management is your ideal partner. With our extensive range of apartments and houses for sale, we have the perfect property waiting for you. Let us guide you through the process, providing you with the expertise and support needed to make a confident decision. Contact Iris Property Management today and take the first step towards owning your dream home in the captivating Kingdom of Bahrain.

Remember, when it comes to finding the right property, Iris Property Management is here to make your dreams come true!

CATEGORIES

CALENDAR

April 2024
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
282930  
Back to Top

Iris Properties © 2024 | All Rights Reserved