Galali is a small area in the Kingdom of Bahrain, located on Muharraq Island, north of Muharraq City. Galali used to be the farthest north point of Bahrain before the development of the manmade artificial islands of the Amwaj Islands. Around 2000 people used to live in Galali then. Today, Galali is 16 times bigger than it was 25 years ago because of the reclamation of the sea. Bahrain Ministry of Education operates government schools in Galali. Galali Primary Boys School and Roquya Primary Girls School are located in Galali.
The real estate market in Bahrain has witnessed many changes over the past years. It is characterized by many factors that made it the top of the real estate market between Arab and European countries. It has many features that attracted domestic and foreign investors over the years. The Bahrain government has enacted laws and regulations to facilitate various types of investment for investors. These laws also protect tenants from property owners, which increased the demand for real estate in the Bahrain market. Bahrain also is one of the most visited countries in the Middle East. This is because, apart from its vast and beautiful beaches, it is a very free country compared to its neighbors. It includes many luxury hotels.
All these factors helped the investment environment in the kingdom of Bahrain to increase and have entered many real estate projects in the market. As a building owner in Bahrain, offering the building for rent in Galali is a perfect source to generate passive income. It is also expected that the Bahraini economy in all sectors will continue to maintain a steady growth rate in the future.
If you are looking for a building for rent in Galali, then you need to know more about the average prices of buildings for rent in Galali. For example, the prices differ from area to another, also the space of the building and the number of floors are other features that determine the prices of buildings for rent in Galali. On average, a semi-furnished building for rent costs about 1000 BHD for one floor. For example, a five-floor building for rent in Galali is 5000 BHD monthly on average.
First of all and once you decide the right building for you to rent, double-check that you’ve filled in the appropriate renting paperwork, and make sure that it all makes sense to you. It's important to keep printed copies of all paperwork in order to be safe in case anything goes wrong. Make sure you have a written tenancy agreement that you fully understand every detail of, an inventory (or check-in report); which will help in settling any disputes that you may have, a record of meter readings, so you don’t pay the bills for the previous tenant, an up-to-date contact details for your landlord or letting agent, and finally a record of your deposit.
A professional real estate broker will be far more familiar with all this paperwork than you are as well as being aware of all market trends. Moreover, he will be alert for a lot of issues that might not cross your mind, such as leaks issues, roofing problems, and mold and insect issues. An agent will recognize the telltale signs of these problems, know how best to approach them and he will be extremely helpful for you.
The Bahraini Lease Law states that the rent cannot be increased unless the tenant has been living in the property for two years. The level of increase is 5% for residential leases and 7% for all other leases. The rent cannot be increased more than 5 times during the term of the lease. The landlord must provide a minimum of 3 months’ written notice in advance if he /she is going to increase the rent price.
Even though Bahrain comprises some freehold zones, which means that foreigners can buy properties in those areas, residency is only given upon buying the property among other rules and regulations. No residency is given for renting properties or buildings in Galali, Bahrain.
You can find a diverse range of buildings for rent in Galali with different styles, streets, prices, and categories, all of which generate high monthly income and are located in one of the most vibrant areas of Bahrain.