When you search the term “investment” on Google, the first definition that comes up is “the action or process of investing money for profit.” This definition is supplied by the search engine. When it comes to the method of making an investment in the real estate market in Bahrain, a lot of people wonder, “Is it truly profitable?”
Actually, this is the case. In point of fact, the advantages of investing in real estate in Bahrain extend far beyond the potential for financial gain (although this is, of course, a significant perk), since there are a great many additional advantages that investors may take pleasure in. Here are a few examples of them:
According to the legislation, foreign property owners in Bahrain have the ability to self-sponsor their own residency permits for themselves. Living in Bahrain is not only a convenient perk that can be overlooked; rather, it is an extremely positive experience overall. The kingdom is often tranquil and quiet, and it provides calming vistas in addition to a variety of chances for leisure pursuits.
On the other hand, in order to get a dwelling permit, the value of the property that has been acquired must be greater than BHD 50,000. In addition, the property needs to be situated in one of the freehold regions of Bahrain, which include places like Juffair, Seef, Abraj Al Lulu, Busaiteen town, Riffa Views, and Amwaj, amongst many others.
Constant Growth & Innovation
Bahrain is in the midst of a rapid development movement on a massive scale, which is reshaping almost all sectors of the country’s economy and society. There are significant infrastructure projects that are scheduled to begin over the next few years, while others have already been finished and are already operating at full capacity.
It is anticipated that a new rail network will see the light of day very soon in order to connect all of Bahrain’s districts together. Additionally, sea reclamation efforts are still active in order to increase the island’s land area and open up new vistas for additional urban development. Investments in real estate continue to flood into the kingdom in order to capitalize on the promising future prospects of its economy.
During the first eight months of the year, there was an 11% year-on-year rise in the number of building permits issued. It was decided to go through with 7,447 projects totaling 1.3 billion Bahraini dinars. The kingdom was witness to the unveiling of illustrious projects such as Al Tijarria Skyscraper, which will be Bahrain’s highest residential tower, and Residence Sharq, which is located on the artificial island of Dilmunia, in addition to many other projects.
If you invest your money in a piece of real estate in Bahrain, that investment will continue to appreciate in value over time. The cost of homes is increasing in a number of regions, particularly freehold regions that are seeing strong demand.
If you jump on an opportunity in real estate as soon as it presents itself, you will enjoy a higher return on your investment. Investing in a property that is either now being built or is in the process of being built is an excellent idea since it results in larger profit margins over time.
High Return on Investment
When looking to acquire real estate in Bahrain, you should focus on neighborhoods that have a high occupancy rate, particularly those that are situated in the middle of the city and in close proximity to the most well-known commercial districts. It’s possible that we’re talking about Juffair, Seef, or Busaiteen right now. These neighborhoods have rental yields that are rather high, ranging between 10 and 12 percent yearly.
Due to the fact that Bahrain is a relatively tiny island with limited space, it has one of the highest population densities, with the vast majority of its citizens living in the country’s primary metropolitan centers.
The growing rates of population growth and a large number of young people have contributed to a healthy demand for property sales. This is especially true in the major cities, such as Manama and Muharraq, where there is greater availability of work prospects. Because of this, it is simple for owners of real estate to locate purchasers for their homes and then sell those homes in order to liquidate the assets they now have.
Through the air, on land, or on the water. Bahrain is reachable in every direction and by every mode of transportation. As a result of the construction of the King Fahd Causeway, Bahrain Island is now just around twenty minutes boat ride away from the Arabian Peninsula. In addition, there are frequent ferries that run between the two countries of Qatar and Bahrain, not to mention the direct flights that connect the kingdom to over 44 destinations around the rest of the world.
Bahrain placed in ninth place on a list that was released by the Independent that ranked the top nations in which expatriates might work and reside. Bahrain ranked higher than the United Arab Emirates, Australia, and Hong Kong.
The legal system is not as stringent as in other GCC states, and the population is more receptive to new ideas. Women are permitted to have paid employment and to use motor vehicles, foreigners are allowed complete ownership of businesses, and there are no restrictions on purchasing property in Bahrain. In point of fact, the kingdom is analogous to a melting pot since it is a place where people of many nationalities are able to cohabit peacefully with one other and where differences are generally well-tolerated.
MIALLP Can Help!
Before making the decision to invest in Bahraini real estate, you need to give careful consideration to a variety of factors, only a few of which are summarised above. If you are presently living in Bahrain or have future intentions to purchase property in Bahrain, please Contact Us at MIALLP before making a purchase so that you may maximise the return on your investment. We are completely ready to offer you the highest level of service that is humanly possible, in addition to unmatched professionalism, guidance, and recommendations.