The fame and success of the real estate marketplace in Dubai has been considerably documented; but in discriminating contrast Bahrain – which is among the Middle Eastern property markets with the biggest potential – is little known and oftentimes unnoticed.

Bahrain has a small but well establish luxury real estate market; and recent changes to legislation allowing for foreign freehold ownership of property within certain real estate developments in Bahrain has created a surge of investor and consumer interest in the kingdom.

The kingdom of Bahrain has long been home to a large expatriate community, with expats mainly heralding from the UK, Europe and the US. Expatriates living in Bahrain generally enjoy an incredibly high standard of living, substantial tax free income and an inimitably luxury lifestyle – and the type of accommodation they seek has become the iconic style of real estate now for sale to foreign purchasers. Indeed, the real estate developments where foreign freehold ownership of title is allowed in Bahrain epitomize quality and opulence.

In recent months Bahrain has been moving to diversify its economic system outside of oil by focusing on 5 crucial business areas; namely business and financial services, touristry, information technology, health care and education and telecoms. As a result a great deal more global companies have expanded bases and headquarters in the kingdom which have brought forth further employment opportunities and in turn pulled in many foreign executives and their families to Bahrain.

This influx of foreign residents to the kingdom of Bahrain has resulted in a roaring rental real estate sector which has for sure helped to support an already unbelievably flourishing economy. Of late Bahraini officials began to recognize the potentiality of the real estate sector if they allowed for foreign freehold ownership, and this led to legislative and constitutional alterations and the officials have been rewarded for their foresightfulness by the creation of an incredibly hot and prospering property market.

It’s a fact that many of the expats living in Bahrain are now taking full advantage of their right to own freehold title to real estate. It is also a fact that there is still an increasing requirement for quality accommodation to let out in Bahrain and this is pushing rental rates sky high. Both of these facts mean that real estate investors have a property market ripe for exploration in Bahrain with immediate income achievable from the rental sector and the release and realization of capital appreciation easy to achieve with a market hungry for completed resale property.

Therefore real estate investors searching for a market with more room for expansion, even more than Dubai has got, and a market as equally popular with expatriates as Dubai is and a market providing property as beautiful as Dubai does need hunt no further than Bahrain.

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categories: property management, real estate, rentals