rera association management in bahrain Archives - IRIS Property Management W.L.L

Aug

Your Best Source about the Bahrain Real Estate Market – Iris Property Management

Posted on August 17, 2023 in Blog

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.

property management companies in bahrain

Jul

Reliable Property Management Company in Bahrain – Iris

Posted on July 27, 2023 in Blog

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One of the hottest markets in the world is the real estate market. However, in the Gulf region, it is a multi-billion-dollar empire. In Bahrain, which is a rapidly developing country in the Arabian Peninsula, several real estate firms can provide you with property management services.

However, not all of them can meet your requirements, and expectations. When you are going to purchase a home or rent a property, then you must choose a reliable firm that can help you out, without robbing your bank account.

How to choose a reliable property management firm?

So, how do you know whether a property management firm is reliable or not? How do you know that they are capable of taking care of everything for you? Since you are dealing with a lot of money, it is vital that do not hasten the process.

You see, a property management firm has several responsibilities and services to provide you with. They have to take care of the seller, buyer requirements, pest control, tenants, and even building maintenance.

Since we are dealing with Bahrain here, most of the properties are apartments and independent homes. But it is heartening to note that many buyers prefer getting apartments for themselves, due to the prime localities, and price quotes.

1) They are professionals.

As one of the best property management companies in Bahrain, we are professionals in the business. A good real estate firm or agency knows the importance of being professional in the business.

Some firms have hidden agendas or schemes. Hence, the agents or representatives must inform you about everything before you sign on the dotted lines. Moreover, they should not compel or pressurize clients to give in to things.

2) They have a website.

A genuine real estate or property management firm has a functioning website. Once you visit the website, you know that they are the real deal, and are not there to waste your time. The website is not your ordinary website with the basic details.

You can get images, and specific details like the size of the apartment, home, and other features. These are important for any client to decide on whether they want to buy it, rent it, or lease it out. You can find all the details & information that you are looking for.

3) They provide polite customer support.

A worthy property management firm provides you with polite customer support and service. You know that they can handle your requirements, needs, and finances. A good firm provides you with exceptional services by exceeding your demands.

As you know, most of the properties are quite expensive. But firms can negotiate with the seller to ensure that it comes within the price affordability of the buyer. This is a crucial feature that you may want to note in a real estate firm.

The above were some of the vital features of a good real estate firm, which is something you may want to delve into before dealing with them. We are the number one building management in Bahrain, why not hire us to see our abilities?

Please don’t hesitate to communicate with us through our toll-free number or email, and we will try to get back to you as soon as possible.

Jun

Empowering Communities: RERA Association Management in Bahrain

Posted on June 16, 2023 in Blog

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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.

May

An overview of the Bahrain property market by the best Bahrain real estate agents

Posted on May 30, 2023 in Blog

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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!

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.

1 bhk fully furnished flat for rent in bahrain

Feb

Never Ending Luxury in a 1 Bedroom Flat For Rent in Bahrain

Posted on February 16, 2023 in Blog

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Are you seeking a bedroom flat in Bahrain with one bathroom, one kitchen, and one living room? A flat that is close to the most desirable sites and comes furnished with high-quality appliances, ultra-modern conveniences, and two bathrooms? To cap it all off, how about a flat in Bahrain with one bedroom that is within your price range? Yes! Then Iris Property Management is the place for you because we have the options that are just right for you.

Check out the best one bedroom flat in Bahrain and be amazed why we are the best for you.

15 years of renting out lavish residences to happy tenants

After a decade of leasing properties and earning our customer’s loyalty, we have developed an awareness of the expectations that they have of us. We have maintained the standard to perform much better than we had anticipated. We were able to deliver as a result of the commitment and quality of our team.

Redefining 1 BHK

Two people make their home in a one bedroom, two-bathroom apartment. A residence needs to have both proximity and room to move around in. A healthy relationship is one in which the partners respect one another’s requirements for closeness and distance. Because of this, all of our luxury one bedroom apartments come equipped with two bathrooms.

Sky’s the limit

To provide you with an otherworldly experience, we are constantly renovating, re-innovating, and maintaining the dwellings. Fabulous living areas, an open kitchen designed in the aesthetic of your choice, central air conditioning, fiber optic internet access, and maintenance services are included in each of our property rentals.

Amenities at this location include a well-equipped indoor and outdoor pool, private parking, and security, reception, and CCTV that are available around the clock. In addition to that, we provide a movie theatre, a steam room, a sauna, a games room, a playground for children, a basketball court, a BBQ area, a squash room, a 24-hour store, and a coffee shop.

Ultra -luxurious

Our ultra-luxurious 1 bedroom, 1 bathroom apartment in Bahrain that’s available for rent is also fully furnished. Your accommodations will be a one bedroom apartment that is ultra-luxurious, beautifully designed, and completely stocked with furniture. Your children will feel right at home in a kid-friendly apartment complex that is conveniently located near an International School, hospitals, a retail and dining district, and the airport is only a five-minute drive away.

Scenic Beauty

The ideal scenario for a modern resident is having unrestricted access to the beach. Kids’ real-world fantasies come to life when they participate in outdoor activities. To add a touch of enchantment to it, we are thrilled to allow you to live happily on the lake. Despite the frenetic pace of the city of Manama, there are residential areas in Manama that are known for their peace.

To give our customers the very best experience possible, we have kept up with the latest technological advancements. You may live a life of leisure and calm thanks to conveniences like dishwashers and tech-savvy washing machines.

Do you ever fantasize about living the aristocratic life in residence? Check out the best 1 BHK fully furnished bedroom flat for rent in Bahrain only at Iris Property Management. Why are you wasting time by waiting? Make your reservation with us right away!

IRIS Property Management W.L.L

Tag Archives: rera association management in bahrain

Your Best Source about the Bahrain Real Estate Market – Iris Property Management

Why do people invest in real estate?