The Kingdom of Bahrain is a small Arab state situated in a bay on the southwestern coast of the Arabian Gulf. It is an archipelago consisting of Bahrain Island and more than 30 smaller islands. The capital city and port, Manama, is located on the northeastern tip of Bahrain Island. Manama is a modern city and a favourite destination for Saudi visitors who converge on the city to enjoy its restaurants and bars on weekends. Bahrain Island is believed to be the site of the ancient kingdom of Dilmun, a commercial centre that traded with ancient Sumer. Bahrain is the headquarters of the U.S. Navy's Fifth Fleet responsible for naval forces in the Arabian Gulf. All of that has helped the kingdom to become one of the best countries in the world for expats.
In order to restrict the types of buildings that may be built, the property is divided into various types. Residential lots for constructing homes such as apartments or villas, commercial lots for establishing offices, shopping malls, and public parks, and agricultural lots for planting orchards and farms are some of the most popular forms of land.
A real estate investment strategy that can yield significant profits is buying land. However, before buying land, you need to do some study and analysis. You can find a tonne of land for sale in Bahrain on Weetas website, so pick the location where you want to buy it first. You will then get hundreds of results where you can compare costs in a method that works for you.
The available lands for sale in Bahrain vary in space, location, and price. Land for sale in Bahrain starts with an average of 70,000 BHD and ends up at about 250,000 BHD.
It is common knowledge that the Middle East region comprises vast landmasses. in particular, the Kingdom of Bahrain, which has numerous lands spread out among its various towns. Bahrain has one of the most stable real estate markets in the world, making it a fantastic place to invest in and buy land. With its favorable policies, the Bahraini government also draws in investors from all around the world.
Bahrain features a variety of markets from old markets like Muharraq Souq, Souq Al Qaisariya, Souq Waqif, and Souq Al Manama; to modern shopping centers like Seef Mall, Bahrain Mall, Bahrain City Centre, The Avenues Mall Bahrain, and Juffair Mall, Bahrain is able to satisfy all your shopping needs.
As for leisure and hospitality, Bahrain is home to some of the best hotels in the GCC region as it features a large number of upscale hotels. Some of the best hotels in the kingdom are Four Seasons Hotel Bahrain Bay, which is located on a private island, The Diplomat Radisson Blu Hotel & Spa Manama, Marriott Executive Apartments Manama, and Al Areen Palace.
Coming to dining and eateries, Bahrain offers a huge number of restaurants and cafes including international brands.
As for education and schools, The Kingdom of Bahrain features the oldest public education system in the GCC. This premium education system was established in 1930, and the Kingdom invests a lot of money every year in developing it. Some of the best schools in Bahrain are St. Christopher's School, Abdulrahman Kanoo International School, Bahrain Bayan School, Al Raja School, and the International School of Choueifat. There are 13 universities in Bahrain including the Arabian Gulf University, University of Bahrain, Ahlia University, Royal College of Surgeons in the Ireland-Medical University of Bahrain, and more.
Bahraini and GCC nationals are allowed to own lands in all areas of Bahrain. However, expats, non-nationals and foreign companies can only purchase lands in certain areas in Bahrain that are known as \\\\\\\\\\\\\\\"the freehold areas\\\\\\\\\\\\\\\", which include Durrat Al Bahrain, Amwaj Islands, Al-Areen Desert Resort, Seef District, Diplomatic Area, Ahmad Al-Fateh District, Hoora Area, Bu Ghazal Area, Bahrain Financial Harbour (BFH), Lulu Islands and Bandar Al Seef.
All properties in Bahrain are registered at Bahrain’s Survey and Land Registration Bureau. To register your land you have to submit sales agreement after notarizing it before a legislation court as well as an identification card and the old owner’s title deed. Early registrations submitted within 60 days from signing the sale agreement will be subjected to a 15% discount. Hence, a buyer will only pay 1.7% of the property price as a registration fee instead of the usual 2%.
It is recommended to hire a real estate lawyer before you sign any sort of agreements. A local real estate lawyer will be aware of the ever-changing real estate laws and he will protect you from any financial losses. Additionally, real estate lawyers are able to know when a deal is not structured properly and also to identify any hidden clauses that might be included in the real estate deal such as undisclosed fees.
In addition to investing and making money, owning land in Bahrain has way much more perks to offer. Here are some of them:
Residence permit: Foreign property owners in Bahrain have the right to proclaim a self-sponsorship residence permit by law. However, the value of the purchased property must be over BHD 50,000.
Capital appreciation: when having land in Bahrain, your capital will keep on accruing more value by time as real estate prices are on the rise in many areas, especially freehold areas where demand is powerful.