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Tag Archives: property agents in bahrain

Property finder in Bahrain Amwaj
12
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.

buy real estate in bahrain
08
Feb

State of real estate in Bahrain 2023

Posted on February 8, 2023 in Blog
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Bahrain is a beautiful country that boasts its luxurious real estate sector. New policies, government support, foreign investment, and interest from nearby countries have pushed this sector. It has significantly risen after the pandemic and affected almost every other industry.

However, the current situation is far from that and shows a rising story. There are so many factors to this and as an experienced real estate company Bahrain, we can surely suggest you buy real estate in Bahrain. It is most likely to get you great returns.

Read on to know more.

  1. Government policies: Bahrain’s government is a pro-real estate. They are coming up with a lot of policies, and changes in RERA and offering schemes like Golden Visa wherein ex-pats are promoted to invest in real estate.  The policies are developer friendly as well. In terms of taxes too, this country is tax-free. So overall it’s a good sign for both the suppliers and the ones seeking demand.
  • Foreign investment: Interestingly the surrounding GCC and other countries are showing great interest in real estate Bahrain. Liberalization in foreign ownership of real estate projects further pushes the real estate sector towards growth. The golden visa scheme is another promoter in this domain.
  • Economy: The GDP of Bahrain is on the rise. Various reports and statisticians present the best picture ahead. The real estate sector is the major contributing sector to it.
  • Rental yield: If one were to believe the reports, the rental income from real estate in Bahrain yields around 7% income. So investing in any real estate project in Bahrain turns out to be a profitable business. Zero taxation on rental and property is another interesting factor that is an enticing factor.
  • Developmental programs: The stakeholders that are a part of this real estate economy continue to bring and discuss better initiatives. These initiatives are quite important for helping the real estate sector to grow. There are roundtables and investor initiatives happening to lobby for better real estate development and offerings.  
  • Tourism sector:  The tourism sector in Bahrain is growing more rapidly than expected. It is more so after the pandemic hit. Everyone is trying to explore newer and less commonly known places. Bahrain turns out to be a perfect place with varied offerings from entertainment, luxury, shopping, and relaxation. It is attracting investors and real estate developers to cater to the diverse interests of people.

IRIS Property Management has always been on the top when it comes to projecting trends and giving a reality check of the realty. Our core services include property management, facility management, property maintenance, sales and leasing, and homeowner’s association management.

We continuously strive to help our wide range of customers to make the best choice. Decades of experience in real estate Bahrain have got us a renowned name. We would suggest consulting with our team of experts who can guide you in choosing and managing your real estate in Bahrain.

rental property Bahrain
28
Dec

Find the Best Rental Property in Bahrain

Posted on December 28, 2022 in Blog
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Bahrain is also known as the pearl of the Arabian Peninsula, and rightly so. The country is beautiful and has some of the most iconic locations in the world, and they have tremendous property for citizens of the country and expats alike. 

If you are searching for a rental property in Bahrain, consider using the IRIS property management firm. We at IRIS property Management Company can provide you with a wide range of real estate services and packages that you find helpful.   

Why IRIS property management?

IRIS property management specializes in real estate, property management, and development companies. We have been in this market for more than 15 years, and the firm provides exceptional buying, selling, managing, and renting services for apartments and commercial real estate in Bahrain.

Some of our primary services include:

  • Extensive property and facilities management experience.
  • A wide-ranging leasing and sales experience.
  • A senior expert team of key staff.
  • Professional in-house support & technical team.

With the help of our professional in-house support & technical team, we want to offer you transparency in real estate services. We want to serve you with quality & superior services for a cost-effective price.

  • Property management
  • Facility management
  • Property maintenance
  • Sales & leasing
  • Homeowners’ association management

Some of the important real estate properties that we can help you with include:

Providence residence: It is a 27-storey luxury apartment located in Juffair. The apartment has one-, two-, and three-bedroom sea view apartments.

Alyal building: This is a luxurious 24-storey residential building with 130 fully furnished premium apartments with one, two, and three bedrooms with a panoramic view of the sea and the city in the Seef district.

Orchid business center: This is a unique 16-storey office building that is the only commercial property in Bahrain offering amenities, including a gym.

We provide you with the best rental deals in Bahrain.

Some advantages of using Iris property management Bahrain firm are as follows:

  • Property management services find you tenants: Our property management firm helps you to find tenants for your building easily. Our professional in-house team is trained and skilled in real estate.
  • Fill rental properties faster: Since we are trained and experienced, the real estate agents can find local rental buildings according to your needs, preference, and budget with ease.
  • Make your property more competitive: With our help, you can make your property have a better resale value in the market.
  • Property managers make the paperwork easy: All the paperwork is done by us, and you just have to sign the dotted papers once the deal is done. We know real estate lawyers, and have a partnership with them for all the local legal document work.
  • You don’t have to pay the legal costs: You do not have to hire or pay any lawyer’s legal fees because it is already taken care of by us at the property management firm.
  • Rent collection and expense payments made easy: Rent collection is made easy with the help of the firm. We can help you with rent issues if they arise. You do not have to worry about the rentals because we will be done in a timely manner.

As you can see, hiring a reputed real estate firm like us, IRIS property management enables you to choose from a wide range of properties in Bahrain. So, why not contact us about whether you want to buy, sell, or get the best rental deals in Juffair in this charming country.

property agents in Bahrain
30
Nov

Things to Do Before Calling Property Agents in Bahrain

Posted on November 30, 2022 in Blog
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If you want to hire property agents in Bahrain, you should be ready to show your house within a few weeks and have taken care of all the important financial matters. This requires a while, and depending on how your home is set up (and your financial situation), it can take a long time. First impressions are crucial in the property world Bahrain, so avoid making a lousy market entry. Before deciding on Bahrain real estate agents, you should go through the following stages.

Get a Mortgage Pre-Approval from Property Agents in Bahrain

Before you hire a real estate agent, you should first look into your financing options. Your ability to purchase a home depends on various factors, including the length, cost, and rate of return of your mortgage.

Also, remember that being pre-approved for a mortgage is different from being pre-qualified for one. Even though debts, income, and assets are looked at in both stages, only a formal mortgage application is needed for pre-approval.

Market Research

The price range of residences you should look into will depend on the mortgage for which you have been pre-approved. However, if you are also selling, you must know the local market for similar properties. Remember that even if you can research real estate advertisements in print and online, all you will learn are the asking prices. By asking a real estate agent, you may find out how long homes have been on the marketplace, if there have been any price cuts, and most significantly, the final selling prices.

Even though market research is crucial, wait a while before falling in love with any particular property. When you’re ready to buy, there’s a reasonable risk the property world Bahrain won’t be available, especially if you have to sell your property beforehand. Subject-to-sale offers, or “yes, but…” offers as they are known in the real estate business, are less likely to be accepted by a seller than offers with sound financials.

Create an Impression

Most of us have watched enough episodes of “Trading Spaces” to be familiar with house staging. It would help if you also made a good impression on your real estate agent. Did you know that? When you have your house ready for an open house before an agent comes by, the agent will be able to see your house’s full potential and will be able to sell the house more effectively.

Unexpectedly, a clean bathroom will go a long way when selling your house. A neat place conveys pride of ownership and suggests that it has been well-maintained. For instance, the design of your entrance matters as much as any other interior feature. Ensure that your door, mat, mailbox, and trim are immaculate. While you might not notice the dust and insects in your daily life, observant home buyers might be turned off by your poor housekeeping. Dust and insects love light shades and fixtures.

Conclusion

The above points are to be remembered before seeking Bahrain real estate agents. You can connect with IRIS for all your real estate-related queries. IRIS was created 15 years ago with a dedication to professionalism and client service. We provide unmatched real estate services for purchasing, selling, renting, and maintaining residences and commercial properties in Bahrain.

bahrain real estate market
25
Mar

3 Top Bahrain Property Market Insights to Help You Invest for a Better Future

Posted on March 25, 2022 in Blog
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With the real estate market booming in Bahrain but not as projected, due to the obvious reasons of the pandemic, the Bahrain property market is seeing a surge in sales of affordable yet big size housing solutions. Whether it is an apartment or a villa, people are looking for spacious properties with less cost. The average drop in luxury villa prices is recorded to be about 1.2% every quarter of 2021.

While you must consider these places and facts that come in handy to get acquainted with Bahrain’s property market, investing in real estate becomes a lot easier.

1) Rise in commercial properties in Bahrain Bay:

The Kingdom of Bahrain has consistently made a significant contribution among the GCC for businesses to build a base here. With the foundation of RERA in 2018, beyond hospitality and tourism, Bahrain has seen a number of real estate investors approaching a variety of industries to begin a wave of revolution. Many successful businesses want to expand their branches in Bahrain due to its lucrative and fair trade policies. Offshore REITs investing companies aim at setting up in Bahrain bay due to its close vicinity to the Bahrain international airport and a host of five star hotels. Bahrain Bay’s strategic location is close to the Bahrain Financial Harbour from the Al Fateh highway and connects King Faisal Highway to the old Manama souk. This makes it ideal for carrying out business related activities smoothly. Bahrain Bay’s architectural significance is that the design of the ripples has been planned by the same American architectural firm who planned the world’s tallest building, Burj Khalifa.

2) High-end vs dated properties:

As there is a lot of surplus in the rental market, Bahrain real estate agents such as Iris Property Management have noticed that only high-end properties are fetching good rental prices. Whereas the dated old properties are not getting adequate rent. The Seef district was originally created as a land reclaimed area in Manama. But due to its strategic location in the commercial center and the heart of the capital of Bahrain, Manama, its residential land, property and rental prices have surpassed all the expectations. Bahrain’s expatriate community is interested in the purchase of properties from the ten freehold areas in Bahrain like Amwaj island, Abraj Al Lulu, Al Juffair, Al Reef Island, Durrat Al Bahrain and Durrat Marina. Those renting out or leasing might want to consider Amwaj Islands, Juffair, Adliya, Seef, and Reef Island.

3) Real Estate Investment in Bahrain yields 6% more than USA and Europe: A lot of investors in the Gulf countries have reported that they have yielded 6% better rental returns than USA and European economies even during the pandemic. The relatively stable economy and the real estate market of Bahrain with Bahraini Government creating policies in the interest of the investors and property owners from time to time has helped Bahrain’s real estate market to bounce back. When it comes to investing into the property market in Bahrain, the right action at the right moment reaps rich dividends. Get in touch with Iris Property Management before it’s too late and begin investing in the Bahrain real estate market today!

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