Bahrain Real Estate Rental Market Outlook to 2019

Across the Middle East countries, Bahrain property market has been on the rise, since the transactions costs are very low in Bahrain. Bahrain real estate market has experienced moderate growth in the historical period 2009-2014. Although, the market was severely affected by the political unrest, the strategists and decision makers have played their key role and have stabilized the market to a considerable level. The real estate market of Bahrain has been flooded with ample of construction, over the past couple of years in order to cope with the people’s need.

Bahrain real estate property market growth was majorly contributed through its three major cities namely Manama, Riffa and Muhurrag. Over the years 2009-2014, Bahrain real estate market has prospered at a CAGR of ~%, with revenues being valued at USD ~ million during 2014. National stability, improved economic conditions and buoyancy in infrastructure were considered as the major factors which has augmented the growth of Bahrain real estate market in the historical years.
The residential sector has been the leading contributor to the overall real estate market supply in Bahrain, since the country is fifth most densely populated country in the world. The market in the recent past has experienced an immense growth due

to the inflow of demand for residential properties both from the expatriates as well as the domestic population. However, the retail and office segment supply has increased and have performed exceptional with a high contribution towards the sales of the real estate market in the country. One of the major reasons are the increasing population especially the migrants coming from outside country stimulating the demand for residential, office and retail spaces in the country

Bahrain real estate rental market has witnessed stabilizing rents and encouraging tenants to turn their attention towards quality property options over the span of last five years. The rental rates in Bahrain have risen as compared to 2008, but not so strongly. The future prospects of the Bahrain real estate market have been projected to be vibrant during the upcoming years 2015-2019.

Source: https://www.kenresearch.com/mining-construction-infrastructure/real-estate-industry/middle-east-real-estate-market-research-report/637-97.html

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