Bahrain offers expats exciting and new career opportunities, as well as an improved lifestyle where lavish extras are easily on hand. And for those who are looking to settle down in Bahrain for years to come, opening a business or shop is a novel idea, one that is sure to pay off. Thanks to the influx of residents and ever growing number of businesses and projects popping up, there is never a lack of excitement in Bahrain, especially for investors and business owners.
Those who are looking to expand their business offerings or even open up a new business can no longer ignore the fact that Bahrain is becoming a hub in the region, where a lot of international companies being represented. And what better way to ensure that your business will flourish then to be present in Bahrain as well?
The capital of Bahrain Manama is still considered by many as the center of the city, home to most commercial and business spaces in the famed Bahrain Business Bay. But other areas in the country are also flourishing, and expats are able to buy commercial properties in Bahrain, including whole buildings. While restricted to some areas, (Ahmed Al Fatah District, Bu Ghazal District, Hoora District, Northern Manama, The Diplomatic area and Seef) there are a number of buildings for sale in Bahrain that are perfect for those who are looking to invest in the county.
Purchasing Whole Buildings in Bahrain
In additions to building for sale in the capital governorate, you can also find buildings for sale in Salamabad in the central governorate, as well as in Juffair, also in the capital governorate. Other areas that offer buildings for purchase in Bahrain include Seef and Al Riffa. Because Bahrain is a small country, most areas are heavily populated and witness a lot of activity throughout the day, so most businesses are flourishing and are proving to be a great investment.
Before signing any paperwork or agreeing to any terms, make sure you consult with a lawyer who has a background in commercial property law of Bahrain, as the rules and regulations should be explained to you in details in order to ensure a smooth purchasing process, as well as to ensure that the property is legitimate and can be sold. Usually, you will need to sign a reservation agreement, and once the price is agreed on, a down payment is paid, with subsequent checks made after that. The deed to the building will be turned over to you once the entire amount is paid. You will also need to register the property with the concerned governmental entity.
Buying commercial property in Bahrain is opening up doors to residents to invest and allowing them to take advantage of new opportunities and business leads. Not only will this add to the ever growing list of companies, businesses and projects in Bahrain, truly transforming it into a cosmopolitan city, but will also present residents with lifelong investment opportunities to secure a future for themselves and their family.