IRIS Property Management W.L.L

Tag Archives: real estate company 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.

Top real estate companies in Bahrain

There are many foreign investors who are choosing to invest in Bahrain over Dubai for several reasons and real estate companies in Bahrain are more than excited to offer you with the best commercial real estate investment opportunities. The pool of skilled talent available in the Kingdom of Bahrain is now attracting foreign investors who trust Bahrain over Dubai because of the fact that the cost of living in Bahrain is a fraction of the price to Dubai. Starting a venture in Bahrain is easier as an expatriate as the laws are favorable alongside the commercial real estate. Not just so, but hiring talent is cheaper in Bahrain than Dubai as well as residing at your own home is also possible with little money than Dubai. Many top industry leaders in the world have already set a foot and made their mark in Bahrain due to its business favorable climate.

Discover why the top 5 real estate companies in Bahrain are ready to help you choose the perfect property to get started with business in Bahrain.

1) Real estate accounts for 6% of Bahrain’s GDP rising with a rate of 2.3% year on year
While real estate is not just an appreciating asset with great returns but an income generating asset class as well. Bahrain’s real estate boom is apparent from the fact that the restrictions have been lifted post COVID and there is a major recovery seen in the tourism sector. The appreciation expected in the real estate sector is 8-10% as these are the numbers from the past.

2) Retail, F&B and community sectors are booming with market being undervalued in 2022
Major food chains across the world want to start their business in Bahrain as the market is progressive. Buying real estate during the time it is undervalued helps long term capital gains and build assets. Similarly, the retail and community sectors have seen an increased buying with a dip in Q2 2021. This is helping investors to take the opportunity for increased real estate buying as well as make the most out of the market conditions.

3) Bahrain offers Residency by Investment in real estate
If you own a property worth 200,000 BHD, you can avail a Golden Visa allowing you a residency by investment in Bahrain. This golden residency is available for all nationalities around the world without any exception. This golden opportunity allows you to bring in family members including father or mother, wife and children, as well as grandchildren while working in Bahrain. Apart from this, for 70000 BHD property owners, residency by investment will apply for a span of 10 years with less privileges than a golden visa.

4) For Expatriates, cheap real estate in Bahrain accounts for tax free residential permit
Although the expenses of utilities have a major price difference for natives and expatriates, cheap real estate for expats in Bahrain is the gateway to a tax free residential permit. Which is one of the reasons why the top real estate companies in Bahrain like Iris Property Management highly recommend purchasing own property in Bahrain for commercial as well as residential use. The culture of Bahrain is relaxed for the expatriate community here providing freedom to carry out trade and business effortlessly.

5) Today is the right day
When it comes to the present market conditions in the real estate sector, the increased buying from expatriates across the country has led to a weak property market. This is the ideal condition for property purchase. When the supply of real estate will diminish, the property market will be at an all-time high, leading to scarcity of properties to purchase. Connect with Iris Property Management for your prosperous real estate investment at great prices.

Final Thoughts:
Discover the real reasons why everyone is crazy about investing in real estate in Bahrain over Dubai. Some of the reasons include Bahrain’s real estate market share in GDP is rising, commercial real estate market is undervalued means the right time for buying, golden visa perks for residency in Bahrain, cheap real estate perks for tax free residency in Bahrain and the right moment to invest in Bahrain’s real estate market. Connect with Iris Property Management to start investing in real estate in Bahrain today!

rera approved real estate companies in bahrain

Investing into property whether you are renting or buying is a huge decision. Making sure you know your rights and in order to protect them, RERA (Real Estate Regulatory Authority) has been formed in Bahrain to promote real estate investments in the Kingdom of Bahrain. It was formed on 1st March 2018 to work on the vision of His Royal Highness Prince Salman bin Hamad bin Isa Al Khalifa the Crown Prince and Prime Minister.

Let us go through some of the facts you must know before getting started to venture into real estate in Bahrain.

  1. RERA approved Brokers can only sell property in Bahrain
    It is the duty of the developer of the real estate project to provide correct information about the property to the broker or buyer. This regulation by RERA starting from 2018 has allowed only RERA approved brokers to sell and rent out properties in Bahrain. Even the developers are RERA approved. This has solved many problems in the real estate market and created transparency to attract new buyers.
  2. Properties for sale and rent are regulated by RERA
    RERA registered properties are only sold or rented out legally in the Kingdom of Bahrain. All the RERA rules and regulations apply to all the properties in Bahrain for sale or rent whether freehold or leasehold. This helps homeowners, property owners and tenants to protect their rights and avoid any conflict. Work with one of the best RERA approved real estate companies in Bahrain. Get in touch with Iris Property Management today!
  3. Brokers are not valuers, RERA has pricing strategy
    As per Bahrain Valuation Standards (BVS) 2019, a RERA certified valuer can assess the value of the property in question. Brokers do not have the authority to conduct a real estate valuation in Bahrain. The RERA conducts training for certification of real estate valuers. This promotes greater transparency and accuracy of real estate valuation in Bahrain creating greater transparency, efficiency, and consistency in the market.
  4. Brokers are a bridge between builder and buyer
    Negotiating the best prices between the developer or builder and the buyer is a win-win situation for both the parties. Getting people to buy properties that they love at the prices that they can afford is the RERA approved real estate broker’s work. They lead a team of real estate agents to close the deal. A broker keeps the track of all the properties sold or rented out and reports to RERA.
  5. RERA protects the rights of citizens and investors in Bahrain
    As 55% population in Bahrain is of expatriates, there was a need to regulate and make the real estate market in Bahrain compatible with the international real estate standards. This led to the foundation of RERA (Real Estate Regulatory Authority) in Bahrain to protect the rights of both Bahrain citizens and international investors in Bahrain. Since the inception of RERA, the process of acquiring or selling real estate properties in Bahrain has become more transparent creating a boom in the market.

Get in touch with Iris Property Management to find a suitable property in Bahrain for home or business.

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