IRIS Property Management W.L.L

Tag Archives: Commercial property for rent in Bahrain

commercial property for rent in Bahrain

Post the pandemic, commercial real estate continues to evolve and take shape. With return-to-work policies now gaining momentum, the demand for commercial property in Bahrain is picking up pace.

So, what trends can we expect to witness in the real estate market in Bahrain? On one hand, we can see a steady increase in the demand for office spaces and commercial property while on the other hand; there is a measurable decline in the rental rates in Bahrain. 

A deeper dive into the trends in real estate this year leads us to the following observations:

Surge in foreign investments in Bahrain

The burgeoning economy in Bahrain is attracting international investors from every quarter of the world. So much so that Bahrain has access to an economy worth US$2 trillion, making it one of the fastest-growing economies in the world. 

The favorable geographical location, beneficial Government policies and efficient workforce are just some of the features attracting investors into the country.

This increase in international investments has a direct impact on the country’s infrastructure and consequently a surge in the demand for residential and commercial flats in Bahrain. 

Increase in the demand for office spaces

The pandemic period witnessed a steady decline in the demand for commercial or office spaces in the country. The new work-from-home culture gained impetus not only in Bahrain but throughout the world. Commercial Real estate in Bahrain took a heavy blow.

However, post the pandemic period, companies and industries are now resuming operations and demanding physical presence at offices and workplaces.

As a result, the demand for commercial property for rent in Bahrain has seen a progressive increase to the extent that commercial real estate in Bahrain is projected to grow at 2.80% annually, resulting in a market volume of US$23.7bn by 2028.

Iris Property Managers, a top real estate company in Bahrain offers attractive commercial property in Bahrain.   

Demand for co-working spacing

Another commercial real estate trend to watch out for in 2024-25 is the demand for high-quality co-working spaces. 

Co-working spaces or shared workspaces fit several companies in a single building. These companies share common facilities making it a more feasible and viable option. 

Commercial property for rent in Bahrain is picking up pace in this new sector of shared workspaces. 

Modern and Inviting commercial constructions

What’s more? The demand for high quality and attractive offices is what’s in trend. Employers and company owners are enticing employees back to offices with more attractive workspaces. Therefore, the demand for more appealing and inviting commercial property in Bahrain is on a skyward course. 

Integrated commercial property 

Top real estate companies in Bahrain like Iris Property Managers are leaning towards integrated and mixed-use projects. So, what are integrated projects? In simple words, integrated constructions combine residential, retail and commercial spaces in a single project.  

The mixed-use property encourages community living, is convenient and of course trending. 

Conclusion

On the whole, the period of economic instability is a thing of the past. The commercial real estate industry in Bahrain is looking towards upward growth

Iris Property Managers in Bahrain is a leading real estate company with a solid footing in residential and commercial property in Bahrain. 

Whether you are looking for properties for sale or rent in Bahrain, Iris Property Managers is a professional real estate company dedicated to serving customers across the Kingdom. 

Our years of experience in real estate have made us one of the top real estate companies in Bahrain. 

Commercial Villa for rent in Bahrain

In the post-COVID era, time is money in the business world, and Bahrain’s companies have demonstrated rapid growth. Bahrain launched Economic Vision 2030 in 2008 to go from being a regional leader to a world player. After four years of debates among thought leaders, its primary goals are sustainability, justice, and competitiveness. Also, more and more people are moving to Bahrain, especially places like Amwaj islands, where they can buy land in the approved freehold area. Plus, more & more people are settling, which is why there is cash flow. What’s better is that you can network with big businesses in Bahrain. Thus, Bahrain is perfect for renting a commercial villa.

Amwaj is the kingdom’s island paradise for residents! You can get a new thrill with scuba diving, wakeboarding, kayaking, canoeing, and fishing. The area features several supermarkets, medical facilities, and modern educational facilities only a few walks away. Amwaj also has a unique way of life with its six islands that are all linked.

Iris Property Management offers access to a wide range of both commercial and residential villas for rent in Bahrain. Here are some of the unique features of these villas:

1) Waterfront Villa

Embrace luxury living with this exquisite Villa nestled in the tranquil heart of Amwaj Islands. This two-story masterpiece is a picture of style and comfort, with plenty of room for everything you want.

2) Spacious rooms

Enter through the welcoming large living rooms, where you can wanderlust through the large windows that touch the ground. Then, Embrace the grace of having your private swimming pool. Remember to get your group of friends as this Villa has six spacious bedrooms. Five of them are en-suites and equipped with built-in wardrobes. The land is well-protected by a fence, and extra features like a maid’s room and a laundry room make your life easier.

Besides, there is a 50 BD EWA cap on the rent for this house, which is 1500 BD. You can sign a 1 or 2 year lease to secure this beautiful home. Take the chance to live the best life possible in the Amwaj Islands. You’ll have a life of wealth, peace, and style. Take the best chance at this Villa for rent!

Why choose Iris Property Management?

With 15 years of experience, Iris Property Management provides high-end homes to happy renters, which builds strong customer loyalty. The company focuses on new ideas and renovations to give people the best living experience possible. The rentals have central air conditioning, high-speed fiber optic internet, a modern open kitchen, and complete upkeep services.

The properties that Iris manages are classy and in great spots. They have features like pools, private parking, and security on duty 24 hours a day, seven days a week, a reception area, and CCTV monitoring. There is a movie theatre, a steam room, a sauna, a games room, a playground, a basketball court, a BBQ area, a squash room, a 24-hour store, and a coffee shop for fun and relaxation. You can also get dishwashers and innovative dryers.

The homes have large living and dining rooms, modern open kitchens, three bedrooms, five bathrooms, a maid’s room, a laundry room, a large terrace or balcony, and a separate gym for women. Some homes don’t charge service fees for ten years. Iris Property Management helps eligible non-Bahrainis get residence permits through personal sponsorship. It includes people who own freehold land in Bahrain. Applicants must show a current health insurance certificate, copies of their passport and ID, a certificate of good behavior, a lease contract, and documented articles of incorporation for their business. Contact Iris Property Management to see such properties!

commercial flats for rent

Are you planning to settle in Bahrain and open a business? Then we’ve got you covered Boss! You shall get all the answers you are looking for!

In this blog, we shall answer

  • Is Bahrain ideal for expat to purchase commercial flat?
  • Rules for expats
  • Hacks to get flats for rent in high rise tower
  • Where to buy commercial flats from and why?

Let’s begin with the first question!

Is Bahrain ideal for expat to renting commercial flat?

The number of businesses in Bahrain has been on the increase. Many expats are willing to settle for many reasons.

  • Bahrain ensures safety & peace for residents and residents.
  • You get to network with the top people in business who have settled here.
  • The affordable living cost allows you to remain stress-free. Thus Bahrain has a feasible Living cost in Bahrain for family
  • You get meals from different countries, so the food is fine here.
  • You can rent a car & make your travel easy, even public transportation is easy.
  • Hospitals, schools, and entertainment options are closely connected to different cities & towns.
  • The language barrier won’t affect them as most speak English there.

Bahrain rules for expats

Obtain the necessary work permits. Foreign employees must get authorization from the Labor Market Regulatory Authority (LMRA) and the Ministry of Interior before signing a work contract and being hired. The extent of Bahraini authorities’ background checks and screening differs depending on the applicant’s planned work position and country of origin.

Limitations of renting in Bahrain

You require a license & documentation for almost everything. So to answer your question, yes, you can take a commercial flat for rent in Bahrain. Also, lately, it is observed that companies spend big money on commercial offices. If some find it expensive, they have begun investing in fully furnished office spaces for rent.

Hacks for renting a commercial flat in Bahrain

Hack no 1

You can take advantage of renting laws in Bahrain & make the best out of it. Here’s what you need to know

  • Rent can be increased if the tenant is under occupancy for at least two years.
  • 5 % increase in residential rents & 7 % increase for commercial and other types of rent.
  • Choose areas that are under development or that have development projects coming. The most favorable areas are likely Seef, Juffair, Amwaj Manama, and Diyar Al Muhraqq.

Hack no 2

People from the surrounding area will come to you after you open your office in a city. Individuals with similar interests will make an effort to get to know you. It would be beneficial if you got yourself noticed. Events can be used to do this.

Where to get office space for rent?

Discover Iris Property Management:

  • With a 15-year legacy of renting luxury homes to delighted tenants, we excel in exceeding expectations.
  • Our commitment to limitless innovation ensures an otherworldly experience with central air conditioning, high-speed fiber optic internet, custom open kitchens, and prompt maintenance.

Our customer-centric homes are strategically located near essential amenities, and we redefine elegance through

  • secure parking,
  • 24/7 security,
  •  Cutting-edge technology,
  • Smart commercial flat

Choose Iris Property Management for an exceptional commercial experience that combines aims for clients walking into your office!

Office flat for rent in Bahrain

The lucrative opportunities are available in “shared workspace,” “flexible office,” and “workspace as a service.” That’s where the money is being invested. With hustle culture, there is a startup craze in the 21st century. The trend of entrepreneurship has spiked in demands for opulent workspace solutions. It is no secret that a sophisticated, fully fitted office gets high-paying clients to sign!

First impressions create last impressions! You may be an owner who knows the importance of branding and spends heavily. Products & services aren’t the only parts of a brand. Most business. Owners invest heavily in other aspects, such as operations, marketing, products, and services. Yet they forget the one part of the whole process: Their office.

To ensure a successful office experience, companies should invest in proper equipment and supplies and implement a cleaning schedule and routine. Excellent office space is designed using psychology & sophistication to enhance productivity, inspire creativity, and evoke happy senses. Subtle distinctions define the order of the first, second, and third. So why settle for less? You can either rent out such properties or use them. Both, as seen, offer multiple advantages. Rent in Bahrain is feasible, convenient & is protected by the law. It provides sumptuous options that allow indulging in short-term agreements with sophistication and convenience. We have covered the whole topic of it in another blog. It is accessible for viewing on our website.

If you are looking for a business-oriented real estate dealer, choose none other than Iris. Iris property management is the realm of wealthy business endeavors, where aspirations meet grandeur lies an exquisite opportunity: Fully fitted office spaces for rent in the illustrious kingdom of Bahrain. Within the regal charm of these prestigious establishments, the stage is set for businesses to flourish amidst an aura of sophistication and refinement.

Explore the epitome of office spaces that redefine elegance and prestige. Our projects cover everything based on the Property Type, Office & Business Center & Location you want. Be it furnished or unfurnished in wealthy cities such as Juffair. We bring our 15 years of unrivaled experience to keep you ahead of the game. We are on good terms with landlords, which helps you seal luxurious deals quickly! Our property management ensures to give you the best help. We have your back to make your property reach the clients you wish.

We start by carefully examining and aligning our strategy with market conditions in the ever-changing market. Then we promote your products through sponsored ads, featured and premium listings, and appealing banners on recognized local and global online marketing portals. Strategic press coverage leverages print media. Weekly and monthly lead reports, R.O.I. research, and market assessments enable data-driven decisions.

We customize promotions for business accounts to build solid partnerships. Every tenant is background-checked to maintain safety and integrity. Our deep local experience helps us negotiate market complexities to get the best results for all stakeholders. We partner with other agencies and sponsor events to reach a unique audience. These enhanced techniques elevate our offerings, solidifying our real estate leadership. We offer more leverage than mentioned here! To know more, visit our website!

property management companies in bahrain

One of the hottest markets in the world is the real estate market. However, in the Gulf region, it is a multi-billion-dollar empire. In Bahrain, which is a rapidly developing country in the Arabian Peninsula, several real estate firms can provide you with property management services.

However, not all of them can meet your requirements, and expectations. When you are going to purchase a home or rent a property, then you must choose a reliable firm that can help you out, without robbing your bank account.

How to choose a reliable property management firm?

So, how do you know whether a property management firm is reliable or not? How do you know that they are capable of taking care of everything for you? Since you are dealing with a lot of money, it is vital that do not hasten the process.

You see, a property management firm has several responsibilities and services to provide you with. They have to take care of the seller, buyer requirements, pest control, tenants, and even building maintenance.

Since we are dealing with Bahrain here, most of the properties are apartments and independent homes. But it is heartening to note that many buyers prefer getting apartments for themselves, due to the prime localities, and price quotes.

1)     They are professionals.

As one of the best property management companies in Bahrain, we are professionals in the business. A good real estate firm or agency knows the importance of being professional in the business.

Some firms have hidden agendas or schemes. Hence, the agents or representatives must inform you about everything before you sign on the dotted lines. Moreover, they should not compel or pressurize clients to give in to things.

2)     They have a website.

A genuine real estate or property management firm has a functioning website. Once you visit the website, you know that they are the real deal, and are not there to waste your time. The website is not your ordinary website with the basic details.

You can get images, and specific details like the size of the apartment, home, and other features. These are important for any client to decide on whether they want to buy it, rent it, or lease it out. You can find all the details & information that you are looking for.

3)     They provide polite customer support.

A worthy property management firm provides you with polite customer support and service. You know that they can handle your requirements, needs, and finances. A good firm provides you with exceptional services by exceeding your demands.

As you know, most of the properties are quite expensive. But firms can negotiate with the seller to ensure that it comes within the price affordability of the buyer. This is a crucial feature that you may want to note in a real estate firm.

The above were some of the vital features of a good real estate firm, which is something you may want to delve into before dealing with them. We are the number one building management in Bahrain, why not hire us to see our abilities?

Please don’t hesitate to communicate with us through our toll-free number or email, and we will try to get back to you as soon as possible.

commercial flat for rent in bahrain

Real estate investments are one of the most promising investments on earth. Commercial spaces hold significant value in the real estate market. If you are residing in Bahrain and considering investing, why not explore the potential of investing in one of the upscale commercial spaces to witness your capital grow? To provide insights into this opportunity, we have researched the advantages of investing in a commercial flat for rent in Bahrain.

Decoding commercial real estate investment:

The word ‘commercial’ itself explains the kind of properties that are a part of this category of real estate-hotels, restaurants, entertainment parks, etc. Owing to their huge sizes, the amount invested and return on investment will always be high. However, there can be market risks and the tenant being in a tough spot financially.

The nature of investment and usage of commercial property are a few factors that affect its rental amount. The cost of acquisition, maintenance, and operations is to be borne by the tenant in the case of commercial properties. Besides these, commercial property becomes lucrative when the location and the brands it has been desirable.

Time v/s money:

In every investment, the risk lies between time v/s money. In commercial real estate investments, the duration of the lease is long. Speaking of whether one should or shouldn’t, there are both upsides and downsides to it. The numbers look high for renting a commercial real estate property but only a few people can afford to own such a space. Further, it boils down to a lot of the above-mentioned factors such as location, associated businesses, type of property, connectivity, and of course market conditions.

A downside in the time v/s money equation in commercial real estate investments is the longer duration of vacant properties. The tenants must turn up for the location and condition of the property.

Condition and future plans:

The condition of the property and future plans of an investor can determine the course of investment. For example, whether semi furnished flats for rent in Bahrain are available or unfurnished, will determine the rental yield. The condition of the property and future plan of the investor will attract a particular kind of business.

The advantages of commercial semi furnished flats in Bahrain

Are you a business owner looking for a convenient and flexible space to set up your operations in Bahrain? Consider renting a commercial semi furnished flat! These flats provide an ideal solution for businesses seeking a ready-to-use space with essential amenities. Commercial semi furnished flats in Bahrain come equipped with basic furniture, fixtures, and appliances, allowing you to save time and money on outfitting your office or retail space. With the flexibility to personalize and customize the layout according to your business requirements, renting a commercial semi-furnished flat offers a convenient and cost-effective option for establishing your business presence in Bahrain’s thriving market.

Market conditions:

The market conditions are subject to a gazillion factors. These factors will influence the rental percentage. While a few tenants will be capable while others may not be financially equipped to live up to the fluctuations. However, there are landlords who in order to keep the tenants yielding rental income have different comfortable schemes to hold their tenants.

Overall like any investment, there are pros and cons of investing in commercial real estate too. If any investor is capable of bearing the slight fluctuations of the market and sustaining it, it’s a good option. For example, an investment of 5 to 6cr is likely to yield 15-20 lakhs of annual rental income. So, choose your investment strategy wisely!  Please contact Iris Property Management to inquire about investing in commercial flats in Bahrain. Our property agents are happy to assist you at any time.

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May 2024
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