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Tag Archives: Commercial property for rent in Bahrain

trends in commercial real estate Bahrain
11
Apr

Trends in Commercial Real Estate: Insights from Bahrain’s Top Real Estate Company

Posted on April 11, 2024 in Blog
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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 flat for rent in bahrain
29
May

Is a commercial flat for rent in Bahrain good for investment?

Posted on May 29, 2023 in Blog
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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.

offices for rent in bahrain
10
Apr

Should you look for offices for rent in Bahrain? Let’s do pros and cons

Posted on April 10, 2023 in Blog
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Commercial spaces are growing vertically. People prefer to be in a commercial building than own that customized office in an exotic location. The pandemic has already shifted gears to hybrid working or coworking. So your workforce also might demand work from home rather than an office. In this context, it is wise to look for office spaces for rent in Bahrain. On the contrary, the ownership of any space uplifts your confidence. So having spoken of both, which category should you stick to? And most importantly how do you do it? Here’s more to offices for rent in Seef.

1. Finances: Every business starts with the basics of getting its finances right. A big chunk of your business finance is likely to divert towards office expenses. Installation, brand messaging, marketing board, facilities, etc. add up to huge costs. A rented office, however, can lower these costs owing to multiple players in the commercial space. Think of cutting down costs from the process of a property and interior consultant and getting all those installations done, to simply moving in.

2. Location: Seef district is a business location in Bahrain with multiple offices of MNCs. So unless you have enough wealth to build your customized office at just the epicenter of the business area in Bahrain, it is wise to look for offices for rent in Seef. With numerous offices in the commercial complex, the location is known to be a renowned place. So your business receives attention and reaches numerous people.

3. Amenities: Modern-day offices elevate the employee experience by providing numerous amenities. From a stocked pantry to Wi-Fi, secured parking, communication, etc., the rented office in any commercial space has it all. It is likely to add up to your employee’s productivity. They will feel good and contribute to work satisfactorily. More than these, the services offered by the landlord can be a great place to make friends too.

4. Networking: This factor is crucial to any business. The more you network, the more it is likely to widen your business’s reach and enhance the scope of new business leads pouring in. It is most likely that in a commercial building, while glancing through your business’s name, people will at least register the name. During festivals and corporate events, you can always get or share help with other businesses and build your reputation.

The only con of not owning your office space is the inevitable increase in rental income. Every year the landlord will accommodate the inflation through a rise in the rental amount. This situation can be tricky if your firm isn’t growing at the pace you had worked it out on paper.

However, renting an office space is a good idea for startups and medium-sized businesses. It especially makes much more sense when you are a startup and just starting. In any condition, if you were to look for offices for rent in Bahrain, consultants at Iris Property Management have the best offices to suit your needs.

Villa for rent in Bahrain
10
Feb

Get Access to the Best Villa for Rent in Bahrain at Iris Property Management

Posted on February 10, 2023 in Blog
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Bahrain is a beautiful country that comes with some amazing scenery. You can visit this country any time of the year and enjoy your stay here. Living in a villa comes with its advantages and benefits.

When you are particular about your privacy and do not want people preying on your living or personal life, then residing in a villa could be the best choice. Though it is more expensive than living inside an apartment or independent home, a villa comes like no other.

About Iris Property Management

Iris Property Management is a professional real estate, property management, and development company. We were founded more than 15 years ago to provide our clients with top-notch real estate services in and around Bahrain.

Our real estate agents can offer you many services like renting, buying, selling, and managing apartments and commercial real estate in Bahrain. We provide our clients with the best service and continue to evolve according to the market demand.

We can offer property and facilities management services, leasing, and sales to make your property a success.

  • Our team has extensive property and facilities management experience.
  • Our team can provide a wide-ranging leasing and sales service.
  • We can provide professional in-house support & technical service.
  • We can offer profitable advice to you.

Our real estate service is focused on providing the best service at a cost-effective price.

Fully furnished 3 Bedroom Canal Front Villa

We can provide a villa for rent in Bahrain in the form of a fully furnished 3 Bedroom Canal Front Villa, and it comes with a private garden and boat mooring service. It is based in the floating city Amwaj, for rent.

It is located around 10 minutes from the airport & Diyar Al Muharraq.

Some of the main features include:

  • A large beautiful living room.
  • A semi-open kitchen infused with appliances.
  • A guestroom and en suite bathroom.
  • A lovely patio with garden.
  • There us a guest toilet.
  • There is parking for two cars.

On the first floor, you can find 1 Master bedroom with wardrobes and an en suite bathroom, a huge balcony, one study room, a guest toilet, and central AC, and we are pet friendly also. So, if you have pets, please don’t shy away from bringing them.

We seek for minimum 1-year leasing period.

4 Bedroom Beach Villa

This 4-bedroom beach luxurious villa is present in a quiet residential community. This is an Amwaj islands villa for rent. It is a 2-story villa with considerable space for a living and dining area, with floor-to-ceilings and windows.

The rooms lead to the private swimming pool and to direct beach access.

Some of the main features are:

  • There are four master bedrooms.
  • There are terraces with sea view.
  • A spacious living and dining area.
  • A fully equipped open kitchen.
  • A private swimming pool.
  • 24/7 security.

We provide a 1-year lease agreement with this villa. When you are planning to come to Bahrain and intend to stay in a villa, please contact Iris Property management for details about a commercial villa for rent in Bahrain. We’ll be further than pleased to help you.

flat for Rent in Bahrain
10
Jun

Top 5 Neighborhoods with Flats for Rent in Bahrain for a Better Life

Posted on June 10, 2022 in Blog
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One of the best places in Bahrain to find flats for sale or flats for rent is near the waters. The Kingdom of Bahrain is a small country 765 km2 spread across an archipelago of 50 natural and 33 manmade islands. This gives an opportunity for almost everyone to get a property near the stunning water views and enjoy luxurious sunrises and sunsets by the sea. If you are not planning on staying, rent it out or keep it as an investment property when you are planning to buy. However, many travel and nature enthusiasts visiting Bahrain for shorter intervals of time prefer to rent the flats in contrast to buying.

However, some of the old residents in Bahrain consider few of the locations to be among the top. These are the most sought after locations by the rich and wealthy. With plenty of iconic structures in Bahrain, the market for high rise towers is increasing day by day. These high rise towers are attracting the expat community for an upscale living. There are plenty of flats for rent in high rise towers in Bahrain which cater to the comfortable and luxurious lifestyle.

Here are the few prestigious neighborhoods for you to consider.


 1) West Riffa:


West Riffa takes pride in the traditional Bahraini culture that reflects the traditional Arabic architecture. The ruling family, ministers and business investors are the royal residents of West Riffa. Riffa Palace and the iconic Riffa clock tower are the famous structures in West Riffa. Al Hunaynya and Umm Ghafa springs bringing the purest water in Bahrain are located in West Riffa. It is popularly known as “the crown of Bahrain”.


2) Adliya:


Part of the capital governorate, the capital city of Manama has one of the most iconic art galleries in Adliya. With a rich Western cultural influence, Adliya has buzzing cafes and chic restaurants and boasts of its multicultural nightlife in Manama.

Looking for flats for rent in Bahrain? Adliya has a few options to offer. Check out here at Iris Property Management.


3) Amwaj Islands:


As an expatriate in Bahrain, buying a freehold property in Amwaj islands is easy. As these are a group of reclaimed islands with quality infrastructure many high end luxury hotels have sprung up here in the past decade. Many restaurants, cafes, beauty and shopping centers are within the Amwaj islands and The Lagoon adds to the environment friendliness of the neighborhood.


Find luxurious flats for rent in high rise tower Bahrain Amwaj islands here at Iris Property Management. Buy luxury villas and flats for sale in Bahrain Amwaj islands here at Iris.


4) Juffair:


Traditionally, Juffair has been resided by the Shia community but the suburbs of Juffair have shown a rapid urbanization during the past few years. Bahrain’s expat community is loving the lively neighborhood of Juffair which is quickly turning into a premium hub for residential and commercial activities. Get restaurants, hotels, malls and commercial spaces in Juffair for an outgoing social life. If you are a motorbike race enthusiast, then Juffair is the place to be for you. Juffair is not suitable for families because of its extreme outgoing nature. However, if you are young and love to move around, this place is for you.

When looking for flats for rent in Bahrain Juffair, visit here at Iris Property Management.


5) Saar:


Spacious fully furnished and semi furnished villas with private pools, ensuites and tropical gardens are a common sight in Saar. The residential spaces in Saar are a perfect private abode for large families. Situated towards the west of Manama, Saar is known for its availability of a wide range of schools, colleges and universities.

Summarizing:


Neighborhoods to consider in Bahrain for a happy living include West Riffa, Adliya, Amwaj islands, Juffair and Saar. If you are looking for rental properties or flats for rent, please visit Iris Property Management website here. Get in touch with Iris Property Management for more information today!

Commercial property for rent in Bahrain
07
Jun

Top 3 Ideas to Help you choose the Right Rental Commercial Property in Bahrain

Posted on June 7, 2022 in Blog
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When looking for a commercial property for rent, you encounter many difficulties especially when there are so many details about the property mentioned in each of the listings on a property rental website. One such website is Iris Property Management. The age of the property hardly matters in the commercial segment as everything you set needs to be properly renovated before you move in. As far as ready to move-in commercial flats for rent in Bahrain are concerned, they will have everything for an office to run. However, if you need a commercial space for showroom, retail and shops, getting a customized fitout done will be the ultimate thing to do. Such spaces are available for long leases so that your investment turns out to be profitable.

Here are the top three things you must check before renting out a commercial property like a flat or a villa.

  1. Fully fitted, Semi fitted and unfitted office space:
    Typically, a small office functional and fully fitted space serves to be the best option for startups. A semi fitted office space is best suited for mid-size and large organizations as you might want to set up your office as per your preferences and convenience. An unfitted office space is suitable for institutional commercial spaces like medical centers, libraries, and shops, retail showrooms like restaurants, hotels, supermarkets, automobile dealerships, real estate firms and kitchens.

  2. Fully serviced space: A fully serviced space is managed by a facility management company who takes care of maintenance and housekeeping of the property. If you are looking for such a commercial property that gives you a fully serviced space, opting for a commercial villa or flat within a locality where ample of working class resources are available is the key. We have compiled a list of popular places in Bahrain to check commercial properties for rent. Do check it out at the end of this article.

  3. Location amenities: Depending upon the needs of your employees and your company to run smoothly, choose a place that is in the nearby vicinity of the source of your raw materials and more. For example, all pizza outlets in the city get their raw materials from a centrally located kitchen or stock house. In this way, you can also make sure you have everything in the nearby area to save time and money in the long run. Few such amenities include a reserved parking lot with separate visitors parking, places of food and recreation for the staff, healthcare facilities nearby, 24x7x365 days of access to the building, high speed internet, quick elevators, well maintained HVAC systems, meeting rooms and places of worship.


Popular destinations in Bahrain for different types of commercial properties:

1) Office Space: Seef, Manama, Hoora, Bahrain Bay, Al Juffair, Bu Ashira in Capital Governorate; Tubli, Salmabad, Sanad, Sitra, Isa Town, Jurdab in Central Governorate; Hidd, Galali, Busaiteen, Dilmunia island and Muharraq in Muharraq governorate; Riffa in Southern Governorate; Budaiya, Saar, Janabiya, Jannusan, Sehla, Al Maqsha in Northern Governorate are popular for office spaces.

2) Retail Shops and showrooms: Seef, Manama, Bahrain Bay, Al Juffair in Capital Governorate; Diyar Al Muharraq and Busaiteen in Muharraq governorate; Barbar, Bu Quwah, Dumistan in Northern Governorate; Zallaq, Riffa in South and Sitra and Isa Town in Central Governorate are popular.

3) Medical Center: Zinj, Busaiteen, Mahooz, Galali, Seef, Riffa and more.

4) Warehouse: Hidd and Galali in Muharraq; Sitra, Salmabad, Tubli, Sanad, Nuwaidrat, Eker in Central Governorate; Ras Zuwayed, Riffa, Askar in Southern Governorate; Hamad Town in North and Manama and Mina Salman in Capital Governorate.

5) Commercial Villa: Manama, Al Juffair, Seef and Bu Ashira in Capital Governorate; Saar, Janabiya, Hamala, Sehla in North; Tubli, A’Ali, Jurdab in Central Governorate; Diyar Al Muharraq and Busaiteen in Muharraq governorate; Riffa in Southern Governorate.

Final Thoughts:
This guide is useful for your journey to choose the right commercial property when there are so many compelling options available. Choosing between fully fitted, semi fitted and unfitted office spaces, finding fully serviced offices and getting the essential location amenities play a vital role in making and breaking your business operations. Discover the popular destinations in Bahrain for the type of commercial property you are looking for. To get assistance and further resolve your queries about renting out commercial properties in Bahrain, reach out to Iris Property Management.

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