Here is a guide of simple and basic 7 steps potential buyers should follow if they are thinking of buying land in Bahrain.<\/p>\n
1. Know where you can buy<\/strong><\/p>\n Bahraini and GCC nationals are allowed to own lands in all areas of Bahrain.<\/p>\n However, non-nationals and foreign companies can only purchase lands in certain areas in Bahrain<\/a> that are known as the freehold areas, which include the following<\/p>\n – Durrat Al Bahrain<\/p>\n – Amwaj Islands<\/p>\n – Al-Areen Desert Resort<\/p>\n – Seef District<\/a><\/p>\n – Diplomatic Area, Ahmad Al-Fateh District, Hoora Area and Bu Ghazal Area<\/p>\n – Bahrain Financial Harbour (BFH)<\/p>\n – Lulu Islands<\/p>\n – Bandar Al Seef<\/p>\n 2. Make sure the seller is a legal seller <\/strong><\/p>\n Whether you are buying land from a developer or an individual seller, make sure the seller is what real estate experts call “A Legal Seller”.<\/p>\n A legal seller is the full legal owner of the land.<\/p>\n Hence, before signing any sort of agreements or paying any money, you need to be 100% sure the person sitting with the real estate agent infront of you is the full legal owner of the land.<\/p>\n 3. Reservation agreement<\/strong><\/p>\n A reservation agreement is a written statement of intent where a buyer reserves the land from the seller for a period of time.<\/p>\n During this period of time, the seller won\u2019t be able to sell the property to another byuer during this reservation period.<\/p>\n This period of time gives the buyer a chance to do the required inspections such as legal inspections to make sure there are no hanging legal issues on the property.<\/p>\n Other buyers consider it a chance to get a mortgage, while some cease the opportunity and look for other investment opportunities that might suit their needs best.<\/p>\n 4. Sales agreement<\/strong><\/p>\n This is where buyers and sellers officially sign an agreement and a down payment is then paid to the seller.<\/p>\n As for the rest of the money, a scheduled payment plan will be put that the buyer and seller both agree on.<\/p>\n Upon the receipt of the last down payment, the land’s title deed will be handed over to the buyer.<\/p>\n 5. Hire a real estate lawyer<\/strong><\/p>\n It is recommended to hire a real estate lawyer before signing any sort of agreements.<\/p>\n Local real estate lawyers are aware of the ever-changing real estate laws and they will protect and shield you from any financial losses.<\/p>\n When buying land in Bahrain or any other state, real estate lawyers will know when a deal isn’t structured properly.<\/p>\n That’s not all, as real estate lawyers are capable of identifying any hidden clauses included in the real estate deal such as undisclosed fees.<\/p>\n 6.\u00a0<\/strong>Register your property<\/strong><\/p>\n You should know that all properties in Bahrain are registered at Bahrain’s Survey and Land Registration Bureau.<\/p>\n To register your property 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.<\/p>\n Early registrations submitted within 60 days from signing the sale agreement will be subjected to 15% discount.<\/p>\n Hence, a buyer will only pay 1.7% of the property price as a registration fee<\/a> instead of the usual 2%.<\/p>\n 7. The Residence Permit<\/strong><\/p>\n As a foreigner who now owns a freehold property in Bahrain, you are entitled to get a self-sponsorship residence permit for life so long as you own a property in the Kingdom.<\/p>\n This permit is renewable every five years.<\/p>\n However, if the new owner decided to sell the property for any reason, the permit will be terminated.<\/p>\n","protected":false},"excerpt":{"rendered":" The process of buying land in Bahrain is straightforward, however, there are certain steps that need\u00a0to be followed to guarantee a safe purchase. If you are an investor who is interested in buying land in Bahrain, then you ought to get sophisticated about the procedures to be taken to legally own a land in the … Continue reading 7 Steps for buying land in Bahrain<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/819"}],"collection":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/comments?post=819"}],"version-history":[{"count":9,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/819\/revisions"}],"predecessor-version":[{"id":2440,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/819\/revisions\/2440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media\/831"}],"wp:attachment":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media?parent=819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/categories?post=819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/tags?post=819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/know_where_you_can_buy.jpg\")
<\/p>\n![\"Make](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/legal_seller.jpg\")
<\/p>\n![\"Reservation](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/reservation_agreement.jpg\")
<\/p>\n![\"Sales](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/sale_agreement.jpg\")
<\/p>\n![\"Hire](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/hire_real_estate.jpg\")
<\/p>\n![\"Register](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/register_property.jpg\")
<\/p>\n![\"The](\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/03\/residence_permit.jpg\")
<\/p>\n