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Bahrain’s real estate industry is booming, thanks in great part to several major commercial and residential developments drawing foreign capital. The strategic position of the Kingdom in the Gulf Cooperation Council (GCC) also offers Real Estate Investment Trusts (REITs) great chances to build communities and seize the rising demand from Saudi Arabia and Kuwait. Bahrain real estate sales increased by 36% YOY in Q2 2021, rising to BHD 226 million and thereby showcasing the market’s potential.
Laws Regarding 100% Foreign Ownership
Bahrain’s 100% foreign ownership regulations are one of the main factors attracting international real estate investors. Bahrain is the only Gulf nation where developers may completely control their companies free from local alliances. Bahrain is among the greatest areas to invest in real estate in the area because this special advantage gives great influence over commercial choices. Further improving the profitability of the venture are the absence of restrictions on repatriation money, earnings, and dividends for developers.
Beautiful Renting Market
Bahrain’s rental scene offers consistent revenue with gross rental returns among the highest in the GCC. REMI Global 2017 reports that the gross rental yield of the freehold market is appealing and that rent and property are not subject to taxes.
Proptech and Authorities in Regulation
The newest big prospect in Bahrain’s real estate scene, Proptech, has witnessed the birth of Estater, the first Proptech business from the Kingdom. This website facilitates overseas investors’ management of their assets by letting users easily negotiate the real estate scene.
Real Estate Regulatory Authority (RERA) guarantees excellent standards in Bahrain’s real estate industry, therefore fostering confidence among foreign real estate investors. Working with the government and business to monitor the evolution of a long-term National Real Estate Policy, RERA seeks to provide fair, efficient control and pricing.
Important Real Estate Development Initiatives
To boost the industry and provide more chances for investors, the Bahraini Economic Development Board (EDB) promotes and takes part in many real estate development projects. Programs like Developer Roundtables and Investor Forums help Bahrain’s real estate development and local and foreign property investment prospects be more widely known. In case of real estate investment in bahrain it happens to be quite important.
Furthermore, the Bahrain Legislation and Legal Opinion Commission keeps improving the regulatory system of the real estate industry, therefore providing a more stable and safe surroundings for foreign real estate investors. Available via EDB Bahrain, the national tourist asset and project mapping system guides local and international real estate investors toward significant forthcoming Bahrain real estate projects and activity sites.
Bahrain is a perfect place for international real estate investors because of its strategic position, strong legal systems, and open policies of foreign ownership. Further appealing to the industry include the expanding economy, market openness, and appealing rental market. Bahrain therefore remains a very competitive spot in the worldwide real estate scene.
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