BizBahrain Magazine (May-June 2019)

Property Finder | Real Estate Analysis
PROPERTIES FOR RENT:
Apartments:
When it comes to apartment rentals,
prices in all four Governorates have
declined, with Al Muharraq
Governorate and the Southern
Governorate affected the most, at 2.4%
and 12.7% respectively, when comparing
January-June 2018 and July-December
2018, as affordable units become more
appealing to tenants.
Villas:
Demand for affordable properties
is on the rise, and prices for villas for
rent across all four Governorates have
continued to decline, with the most
significant drop taking place in the
Capital Governorate, at 4.2%. Prices in the
Southern Governorate remained the most
stable, with only a 0.5% change, when
comparing January-June 2018 and July-
December 2018.
Villas:
There has been increased interest in
areas within the Capital Governorate when
it comes to finding villas
for sale, with locations such as Reef
Island and Seef offering a number of
high end homes for sale. And with the
exception of the Capital Governorate,
which recorded a price increase of 6.8%
for villas for sale between January-June
2018 and July-December, the three other
Governorates recorded a decrease in price,
with the Northern Governorate decreasing
3.2% in price, which is the most significant
drop in price for that time period.
PROPERTIES FOR SALE:
Apartments:
Once again, we can see a declining price trajectory recorded for the
four Governorates, with the most significant decrease recorded in the
Southern Governorate at 4%, when comparing January-June 2018 and
July-December 2018. The Capital, Muharraq and Northern Governorates all
recorded minor decreases which are under 2% for the same time period, as
prices remain on the same trend. This is a good start for price regulation
and transparency in the market, which RERA will be implementing.
Bahrain Bay is credited with rejuvenating the sale market in Bahrain,
as it is offering a number of luxurious high-end properties in one of the
countries newest freehold areas, which has prompted both local and
regional investment. Bahrain Bay was one of the few areas to record an
increase in average price per square metre during that period, with prices
increasing from BHD 1,312 to BHD 1,377 which is mainly due to the high
number of development projects that are nearing completion in the area.
May-June 2019
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