The real estate market in Bahrain has witnessed many important developments and updates in the recent period, reflecting the continuous growth and increasing interest from local and international investors. The following are the most prominent updates:
1. Real Estate Information Bank Platform “Aqari”
The Aqari platform, a unified national electronic system for real estate information in Bahrain, has been launched. This platform aims to provide accurate and reliable information to developers, investors and decision makers, facilitating sound investment decisions. The platform relies on artificial intelligence and cloud computing technologies, which enhances market transparency and allows users to access up-to-date data on real estate market performance. [1] .
2. Increase real estate transactions
Real estate transactions in Bahrain witnessed a significant increase, rising by 36% year-on-year, reaching BHD 226 million in Q2 2021 compared to BHD 166 million in Q1 2020. This growth reflects the growing interest of investors in the Bahraini market. [2] .
3. New projects under implementation
Bahrain includes a group of large real estate projects that enhance the attractiveness of the market, such as:
- Dilmunia Island : A mixed-use residential project with a healthcare focus.
- Diyar Al Muharraq : A modern, integrated city that includes residential and commercial facilities.
- Marassi Bahrain : A distinctive urban development that aims to become a recreational and commercial destination. [2] .
4. Facilities for foreign ownership
Bahrain allows 100% foreign ownership, making it one of the best destinations for real estate investment in the region. There are no restrictions on capital and dividends, which enhances the market’s appeal to international investors. [2] .
5. Organizational improvements
The Real Estate Regulatory Agency (RERA) is working to set new standards for real estate projects, enhancing confidence in the market and ensuring that all transactions are conducted in accordance with international best practices. This includes developing long-term policies to improve consumer protection and enhance transparency. [3] .
Conclusion
These updates show that the real estate market in Bahrain is witnessing continuous growth and positive developments, making it an attractive destination for investors. With a strong infrastructure and new projects, this trend is expected to continue in the future.
