The real estate sector has become one of the most important investment sectors in the international markets, as it provides stability among other investment markets. The real estate market has proven its importance in the economic growth of any country, and has provided opportunities for many other industrial sectors to contribute to the economy of countries.
Countries have begun to pay attention to this sector by opening up their doors to investors to expand investments, increase profits and revitalize the global economy.
Investment expansions in real estate markets have not only been limited to international markets, but Arab markets have played a role in these expansions.
Among these Arab markets are the UAE, Saudi Arabia and Bahrain. Although the property market of Bahrain is the most active and stable among the rest of the markets, whether Arab or global.
A look at the real estate market in Bahrain
Bahrain is moving very fast towards a brighter economic future, due to its ownership of all elements that enable it to be a strategic location for real estate investment and business management. The Government of Bahrain has provided many laws to protect investors and tenants and has enacted freehold laws for foreigners, allowing them to increase the volume of real estate investment in the market.
As a result of the kingdom’s opening of its real estate investment doors, many investors have started to flock to the market, and many major investment companies and developers have appeared in the Bahrain market. Bahrain has become the best option for investors looking for medium and high-level options, targeting long-term investment.
Major Real Estate Companies in Bahrain
Bahrain’s market not only allowed developers and real estate investors, but also supported those companies that were behind the current boom in Bahrain’s real estate market. These companies, in a time of not much, moved the local market to a new era in the world of real estate investment, characterized by the presence of many major real estate projects, which led to the influx of foreign investment in the real estate market. In line with the growth of demand in the Bahrain market and with this rapid development, these real estate companies had to expand and improve their potential. This has resulted in huge expansions in the real estate market in Bahrain and increased economic growth.
Local real estate companies in the Kingdom have adopted mega developments such as high rise towers and modern lifestyle communities built on the industrial islands built in Bahrain to provide greater investment opportunities and expand the properties in Bahrain market.
A number of real estate companies are now operating in the Kingdom, but one of the major companies that has provided a major investment opportunity in the local market is Naseej, Diyar Al Muharraq, Durrat Khaleej Al Bahrain and Ithmaar Development.
Naseej is a comprehensive real estate developer capable of meeting the growing market demands of average housing and has become a living example of successful private-public sector collaboration. The company is known for its construction of residential communities with a quiet family character, and its projects include Jumana, Yasmeenat Saar and the multi-use Canal View project.
Diyar Al Muharraq
Is a private sector company. It has built a real estate milestone of 12 square kilometers with a focus on providing the highest level of accommodation. This was a project with the same name as Diyar Al Muharraq, one of the most important real estate projects in Bahrain. It is the second largest industrial island in Bahrain and includes many residential and commercial properties surrounded by a variety of entertainment and services.
Durrat Khaleej Al BahrainAnother developer of the residential project is Durrat Al Bahrain, which covers an area of 5 square kilometers. It is composed of 15 industrial islands and is classified as the third largest industrial island in the Kingdom after the Northern City and Diyar Al Muharraq.
Ithmaar Development Company became one of the largest real estate companies in the Kingdom after launching the Dalmonia industrial island project, which led the urban development in Bahrain and opened new markets in unique residential ideas in the Bahrain market.