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Ali Khamis
\n<\/b>Managing Director
\n<\/b>Ahmed Radhi Real Estate<\/b><\/p>\n
Bahrain is an attractive site for serious investors for various reasons, including forward-thinking economic policies and an advantageous tax environment with no personal taxes. Other elements that make Bahrain an appealing destination include a modern, high standard of living with a cosmopolitan family atmosphere, religious freedom, foreign schools with a diverse curriculum, and clubs catering to all nationalities and hobbies.<\/p>\n
Bahrain has long been known for its well-established business infrastructure, which has continuously been a major factor in attracting investors to the Kingdom. As we witness the real estate sector\u2019s continuous growth and development.<\/p>\n
ROI is increasing day by day in the market as we can see the country’s improvement in the real estate market after the drop of COVID – 19, especially in the areas located around the centre of Manama and specifically Seef. Last year the supply was much more than the demand and the situation has flipped, currently the demand is higher and most of the building’s occupation rates are between 80% to 95%.<\/p>\n
New Developing Areas in Residential Sectors<\/b><\/p>\n
There will be a big competition in Bahrain Bay and Bahrain Harbour as big buildings are coming up soon such as Onyx and water bay buildings, Golden Gate, and Harbour Views. Demand is increasing in these areas as the facilities increase as well Bahrain Harbour and Bahrain Bay has one of the best walkways in Bahrain surrounded by shops and restaurants which makes it very convenient for people to live there and get their needs without using a car.<\/p>\n
Diyar Al Muharraq a progressive master-planned city <\/b><\/p>\n
Amwaj, Diyar Al Muharraq, Marassi, and Dilmunia have attracted significant investments from across the region, stimulating business and economic activity in the local retail and real estate sectors. As demand continues to increase. Amwaj is one of the best areas for living especially for ex-pats. Diyar Al Muharraq, a progressive master-planned city, the Marassi Al Bahrain development offers investors a diversified portfolio of residential projects comprised of quality homes and high-end shopping, leisure and entertainment outlets to cater to the needs of the local and regional market.<\/p>\n
Expatriates play an important role in ROI. <\/b><\/p>\n
The real estate market in Bahrain is highly dependent on expatriates, especially in terms of leasing, because Bahraini citizens prefer to live in different areas than what foreigners would choose, such as Juffair and Amwaj, Seef, but tend to buy in other areas relevant to them. The government of Bahrain offers private loans to citizens, such as housing benefits, and the government\u2019s tireless efforts to secure housing for Bahrainis have significantly reduced Bahrainis\u2019 demand for rent.<\/p>\n
The Real Estate market is picking up again after the crisis. <\/b><\/p>\n
As expatriates play an important role in the return on investment a lot of businesses expand after the crisis which led to giving a large number of expats opportunities to work in Bahrain and many other franchising restaurants, and companies started in Bahrain this helped the real estate market to recover after the crisis.<\/p>\n
Effect of the Crisis on the Market <\/b><\/p>\n
Some tenants are over-demanding as they were pampered during the crisis and now they are used to it.<\/p>\n
Broker, real estate agents and effect of Vat.<\/b><\/p>\n
the commission is considered a service hence vat must be paid a large number of owners, buyers, sellers, and investors refused to pay the vat where there\u2019s some real estate companies are not yet registered with the vat so the vat becomes a point of negotiation which makes it more difficult. As per the government rules the vat must be paid but all brokers and agents want to maintain healthy relations with their clients which forces us sometimes to sacrifice and pay the vat from our commission and then for our spending, we need to pay vat as well. It\u2019s like 20% of our income is affected. I wish there will be more awareness and everyone follows the rules and pay the vat.<\/p>\n
About the author: Check out Ahmed Radhi Real Estate properties here.<\/a><\/p>\n You can also search for:<\/strong> Ali Khamis Managing Director Ahmed Radhi Real Estate Bahrain is an attractive site for serious investors for various reasons, including …<\/p>\n","protected":false},"author":10,"featured_media":4051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[5],"tags":[],"translation":{"provider":"WPGlobus","version":"2.10.9","language":"en","enabled_languages":["en","ar"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ar":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"\n
\n<\/strong>Ali holds a master’s degree in Commerce from Bharati Vidyapeeth University in Pune, with over six years of experience in the real estate market. As a seasoned professional, he has gained the trust of property owners and developers across Bahrain. Ali’s qualifications include a Level 4 Certificate in Productivity Improvement Practices and a Diploma in Marketing from the UK. Ali inherited his experience at a young age from his grandfather, Ahmed Radhi, who was one of the oldest and most prominent real estate brokers of his time. Ahmed Radhi Real Estate was established in 1992 and has since become a leading real estate agency in Bahrain.<\/p>\n
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