IRIS Property Management W.L.L

Tag Archives: real estate company bahrain

real estate company bahrain

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.

rera association management in bahrain

RERA approved real estate broker

In the realm of real estate, building thriving communities goes beyond the bricks and mortar. It requires a harmonious blend of vision, organization, and expertise. At Iris Property Management, we take immense pride in our commitment to empowering communities through our comprehensive RERA association management services in Bahrain. As a trusted partner, we strive to enhance the quality of living, foster unity, and provide unmatched support to homeowners associations across the region.

A homeowners association serves as the backbone of any community, ensuring seamless operations, maintenance, and a vibrant living environment for residents. With the ever-evolving landscape of property management, it is essential to have a reliable and professional association management team by your side. This is where our expertise as a RERA approved real estate broker comes into play.

RERA (Real Estate Regulatory Authority) is a regulatory body established to promote transparency, accountability, and professionalism in the real estate sector of Bahrain. Being a RERA-approved real estate broker, we adhere to the highest industry standards and guidelines, offering you peace of mind and confidence in our services.

Our RERA association management services encompass a wide range of essential functions, tailored to the unique needs of each community. From financial management to maintenance coordination, we provide comprehensive support to ensure the smooth running of your homeowner’s association.

Financial Management:

We understand the significance of transparent and efficient financial management for a homeowners association. Our dedicated team handles all financial matters diligently, including budgeting, invoicing, and expense tracking. With meticulous attention to detail and regular financial reporting, we ensure complete transparency and accountability.

Maintenance Coordination:

Maintaining a pristine and well-functioning community requires meticulous planning and coordination. Our experienced team takes charge of coordinating maintenance services, including repairs, landscaping, and common area upkeep. We work closely with trusted vendors and contractors to ensure timely and cost-effective solutions.

Governance and Compliance:

Navigating the legal and regulatory aspects of homeowners associations can be complex. As a RERA approved real estate broker, we offer expert guidance on governance, compliance, and legal matters. We assist in drafting and enforcing association bylaws, ensuring that your community operates within the framework of the law.

Communication and Conflict Resolution:

Effective communication and conflict resolution are vital for fostering a sense of unity and harmony within a community. Our team excels in facilitating transparent and timely communication among homeowners, addressing concerns, and resolving conflicts in a fair and professional manner.

Community Engagement and Events:

We believe in nurturing a vibrant and engaged community spirit. Our association management services include organizing community events, social gatherings, and fostering opportunities for residents to connect and build lasting relationships. We strive to create a sense of belonging and enhance the overall quality of life for homeowners.

Partner with Iris Property Management for RERA association management services in Bahrain and experience the difference that professionalism, dedication, and expertise can bring to your community. With our unwavering commitment to empowering communities and our deep understanding of the local real estate landscape, we are confident in our ability to exceed your expectations.

Take the first step towards a well-managed and thriving homeowners association. Contact us today to learn more about our RERA association management services and discover how we can enhance your community’s living experience.

bahrain property market

The Economic Vision 2030 initiated by the government in the late 2000s was the boost that Bahrain needed. It expanded Bahrain’s economy in terms of resilience, diversity, and competition globally.

Tourism, banking, logistics, and manufacturing were a few of the strategic industries targeted by the plan because of their impact on the property market. The construction of large-scale public works like the Bahrain Bay Development and the Dilmunia Health Island has now resulted in thriving new neighborhoods and increased interest in real estate.

With its economy boosting a large number of businesses came and opened avenues for their businesses. After the pandemic, real estate investments in Bahrain surged in value.

Prices for luxury apartments rose by 5% Bahrain’s real estate sector showed a strong comeback, boosting the economy even after the pandemic. Presently, the Prices for luxury real estate have gone up high. High-quality assets now are the norm.

Bahrain’s primary wealth comes from oil and petroleum. The global oil demand keeps rising as a result there is an endless cash flow.

The luxury real estate sector is estimated to be valued at over a trillion dollars worldwide. We promise to explain everything as soon as possible.

Rents have been in demand since individuals discovered the cost of living to be 17% less than in the United States. The cost of living here is even cheaper than in other Gulf countries’ megalopolises. This means you will reap profits even in a metropolitan area in Bahrain

Villa developments remained popular in the residential sector, with mid-range home prices increasing by 5.2%. However, demand for premium developments has been hampered by the higher cost of borrowing, resulting in a quarterly decline of 1.3% in the value of luxury apartments. As end-users continued to tighten their belts, the demand for moderately priced and inexpensive villas remained robust in the rental market. In the office market, demand was robust for both middle- and upper-tier buildings, and rents rose by 15% annually.

The rental industry has generally tracked the sales market in its upswing, with villa rental prices increasing by 4.5% year over year, reaching an average of BHD 1,139 per month. The number of new company registrations increased by 35.4% annually. The economy expanded more as a result of this.

It’s becoming increasingly apparent that the island nation of Bahrain is prepared to create its future through a commitment to environmentally responsible and technologically advanced real estate development. Its laws favor the landlord and the tenant Rent increases after every 2 years according to the lease law in Bahrain. It can go up to 5% for renting homes and 7% for homes for small and large businesses. Any correspondence regarding rent must be made at least three months in advance. This doesn’t make it burdensome for the tenant.

Cost-benefit analysis calculation: No portion of salary will be taxed away only the yearly tax obligation will be the 1% that goes towards social insurance. Thus they end up saving a lot of money because of this.

There are parts of Bahrain where one is allowed to own land. This adds to the leverage. Freehold property worth at least BHD 50,000 is required for a non-Bahraini to qualify for a residence permit through personal sponsorship.

Iris property management in Bahrain has more than 2000 satisfied clients and over 20 years of experience. Visit the website to know more!

buy real estate in bahrain

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.

property agents in Bahrain

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.

Flats for sale in Amwaj

One of the most important decisions you will make in your life is likely something you have been considering since you were a child: investing in a new home or apartment. The wait is over, as there are many flats for sale in Amwaj. Years of planning and saving cannot be abandoned when the time comes for you to make the ultimate choice. As a result, you must consider your options carefully before making a decision. You should be extra careful when buying a home because you may need to take out a big loan and then have payments taken out of your paycheck every month. There is a 2 bedroom flat for sale in Amwaj for your needs and requirements.

Property Price

The first thing you should do while looking for a house or apartment is to establish a budget. Knowing how much you are willing to pay for a house helps narrow your list of potential purchases. To determine whether the builder has given you an accurate quote, compare the price of the property in question to those nearby by different builders. You can compare properties in the area in which you are looking in various ways. These sources include a 2 bedroom flat for sale in Amwaj.

Carpet Price

The area of a property, also known as the super built-up area, is typically the total area, including all shafts, elevator space, stairs, wall thickness, and other features. However, flats for the sale has all the boundaries within the carpet area. This area may be 30% smaller than the built-up area or the area taken into account when determining the property’s price. When two people own separate units on the same level, the expense of maintaining the shared spaces may be divided between them.

Legal Documentation

Verify if the building is entitled to be built on its land. The developer should have been given approvals and NOCs by the area development authority, water supply, sewage, and electricity boards, and municipal corporations.  However, the relevant bank will evaluate your property paperwork before sanctioning your loan if you’re getting a home loan.

Possession

It has become common for people to have to wait longer to move into their apartments because of delays in building plans for businesses and homes. You, as the buyer, should be able to estimate when you will take control. A developer typically requests a six-month grace period, but there should be a reason for doing so, and you should be aware of it.

Banks

You should know the banks’ willingness or unwillingness to credit particular builders. Specific banks won’t lend to some builders due to a negative reputation. Therefore, you must confirm with the banks providing funding for the project you intend to invest in.

Conclusion:

Flats for sale in Amwaj are made more accessible by the Iris Property Management Company. Call us today for all your queries, and you can also visit our website to see the properties available.

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