Property prices in Bahrain are among the most affordable in the GCC and region. The cost of living is also relatively lower than other countries in the surrounding region. Estimated to be about 23% lower than in the United States, rent in Bahrain is a competitive market to beat.
It is, therefore, no secret that the Kingdom is a favorite amongst expats and GCC locals. HSBC’s Expat Explorer Survey 2014 placed Bahrain second in terms of overall living experience.
If you happen to be looking for a home in Bahrain, you should know you have many options to choose from. Property prices in Bahrain vary widely according to your area of choice. Whether you are already a resident of Bahrain or relocating soon, it is important to consider your housing options.
Reef Island is an artificial island located north of Manama. It includes a five-star hotel resort, yacht club, a spa hotel, theater/exhibition halls and a marina. Reef Island properties are placed amongst the most expensive property prices in Bahrain.
A one-bedroom apartment is sold at an average of 850-1400 BHD per square meter. While one-bedroom rentals range from 650-800 BHD per month.
Seef is a popular suburban district in Bahrain’s capital city of Manama surrounded by the sea on three sides. Office buildings, hotels, shopping malls, and luxury apartments dominate the area.
Property prices in Seef are among the highest property prices in Bahrain. A square meter in a one-bedroom apartment can fall anywhere between 800 and 1250 BHD. As for rent, one-bedroom apartments range between 400-850 BHD per month.
Amwaj Islands also boast some of the highest property prices in Bahrain. Located near the coast of Muharraq Island in the Arabian Gulf, the man-made islands were the first in Bahrain to allow 100% freehold ownership to expats.
Here, one-bedroom apartments can sell from about 740-1100 BHD per square meter, depending on the finishing of the apartment. Rent also falls in the higher category. One-bedroom apartments can be found ranging between 450-850 BHD per month.
Juffair is another suburban neighborhood is Manama. It is home to Bahrain’s largest mosque, Al Fateh Mosque, as well as residential and commercial buildings. Restaurants, retail shops, and hotels are also very prominent in Juffair.
Prices in the district of Juffair are slightly lower than Reef Island, Seef, and Amwaj Islands. One-bedroom apartments generally fall between 700-800 BHD per square meter. Renting a one-bedroom apartment in Juffair will set you back from 375 to 750 BHD per month.
Isa Town is a middle-class town in the north central area of Bahrain. The town is famous for a culturally-rich marketplace and also for its many private schools. The name Isa refers to Isa ibn Salman Al Khalifa who ruled Bahrain from 1961 to 1999.
With a square meter valued at 500-600 BHD, and sometimes reaching 1,000 BHD, buying property in Isa Town can be inexpensive. As for rent, one-bedroom apartments can be found at 120-150 BHD per month.
Riffa is the second largest city in the Kingdom of Bahrain, divided into West Riffa and East Riffa. The West is a mainly residential area. Many members of the ruling family including King Hamad Bin Isa Al Khalifa live there. The Prime Minister Sheikh Khalifa Bin Salman Al Khalifa is also a West Riffa resident. East Riffa boasts the Bahrain National Stadium.
Property prices in East Riffa are considered relatively affordable. Riffa holds a wide range of apartments and villas, with the price of a square meter falling between 450-600 BHD. Renting a one-bedroom apartment usually, ranges between 150-300 BHD per month.
Janabiyah is a village that falls in the northwest of Bahrain. Lying close to the Gulf Sea, the village is famous for its camel farms. Furthermore, it is home to many burial grounds that date back to 2200 BC.
Priced at around 750 BHD, a square meter in Janabiyah is a little higher than Isa Town and Riffa. If you are looking for a one-bedroom apartment to rent in the area, you can find several options at 300-400 BHD per month.