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Tag Archives: Commercial property for rent in Bahrain

The Best Commercial Properties in Bahrain
12
Dec

How to Choose the Best Commercial Property for Rent in Bahrain

Posted on December 12, 2024 in Property management
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Investing in commercial property for rent in Bahrain differs greatly when compared to renting residential property in Bahrain. There are several factors that influence the type of commercial property you choose to rent. 

So, let’s take a closer look at the various factors that influence property or commercial flats for rent in Bahrain. 

Commercial property location

The location of the property you intend to use for your commercial space is an important factor to consider. For example, renting a commercial space for your retail supermarket business on the outskirts of the city or in an industrial space is not conducive to your business. 

Always ensure the location of the property you choose to rent is located in an area that favors your business goals. A bustling location, in close proximity to residential homes would be an ideal location to rent commercial property in Bahrain for your retail supermarket business.

Consult experts

Before you invest in a commercial villa for rent in Bahrain, it is advisable to speak to experts in real estate. An expert will guide you on the most ideal commercial property in Bahrain to suit your business needs. 

Iris Property Managers, the leading real estate company in Bahrain, are experts in managing the sale and also rent of commercial property in Bahrain. We offer expert advice and also guidance for individuals and companies aspiring to rent commercial property in Bahrain.

Rental contract

Take a look at your rental contract and ensure your contract is not rigid. Iris Property Managers, the best real estate company in Bahrain offers flexible contracts for commercial flats for rent in Bahrain. 

Type of business

The type of business will influence the commercial property you intend to rent. If you have a heavy industry business then you might want to search for a commercial property for rent in Bahrain that has better roadway access for your heavy vehicles. 

Again, if your business involves frequent outstation travel plans, you might want to choose a commercial villa for rent in Bahrain that is in close proximity to the airport.

Interiors of rental property

When you intend to rent residential or commercial property, you must first decide if you want a ready-to-move-in property or would like to customize the space on your own. 

Invest in a property that has growth potential.

Businesses are meant to flourish. Therefore, always invest in commercial property for rent in Bahrain that has the potential to expand. Think a few years in advance and invest in property that allows you to take your business to the next level. 

Where can I find the best commercial property for rent in Bahrain?

Iris Property Management Company is one of the best real estate agents in Bahrain. From residential sites to commercial flats and also villas, we manage property  for sale and also rent in Bahrain.

We have property located in the best areas to suit every business type. From commercial hubs to industrial locations, Iris Property Managers has commercial space for every type of business. 

Contact Iris Property for all your residential and commercial property requirements 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

Commercial Flat for Rent in Bahrain: Is It a Good 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.

commercial flat for rent in bahrain
07
Jun

Commercial Flat For Rent in Bahrain : Top 3 Ideas to Help you choose

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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