Bahrain’s property market has soared since 2001. Easing of residence and ownership restrictions has made property in Bahrain more attractive for foreigners.
The government has been working to provide 10’s of thousands of units that will be built in various towns and villages in the Kingdom.
The main driver behind the growth of the properties market is the strong population growth and the increase in income, in addition to increased demand from the GCC countries.
Buying a Property
The process of buying a property in Bahrain is almost similar to the majority of buying processes worldwide.
Investors are advised to seek independent legal assistance throughout the entire purchase process of course and the legal property ownership rights in Bahrain are sophisticated and well developed, meaning the purchaser is protected once permission to purchase has been granted and deeds of ownership transferred into the investor’s name.
Essentially it has been possible for foreign investors to purchase real estate in Bahrain since 2001 when a royal declaration (PDF, 1.0MB, 9 pages, Arabic Language Only) was issued to that effect. The declaration was fully endorsed and sanctioned in 2003 and it states that foreign buyers are permitted to buy certain types of property in certain areas of Bahrain.
Foreigners are allowed to own land in the following Areas:
Where Building zones are for 3,5 and 10 story buildings in the following Areas
- Seef Area
- North Sanabis
Where Building zones are for 10 story buildings in the following locations:
- Ahmed Al Fateh District
- Hoora District
- Bugazal District
- North Manama District including Diplomatic Area
- Amwaj Islands
- Durrat Bahrain
- Bandar Al Seef
- Riffa Views
- Bahrain Financial Harbour
- Reef Island
- Danat Hawar
- Al Areen
Comments (0)