The Growth of Bahrain Real Estate

Manama, Bahrain: The Real Estate exhibition was held in a Good timing.
By: Smart Real Estate News
 
MANAMA, Bahrain - May 19, 2013 - PRLog -- They also added that such thing is really important like the ongoing exhibition, because it leads to regain trust between business men and visitors and it increases the demand on Real Estate as well.

Yousif Al Thawadi, Diyar Al Muharraq chief operating officer said that the demand on high quality properties that comes with extensive facilities has large number of demands and always will be.

Venugopal Rao, a realtor located in Saudi Arabia, who went to the real Estate exhibition in Bahrain to get the latest updates on Real Estate prices. Venugopal found a various offers from companies with competitive prices either for lease or sale.

Venugopal added that rental market until the last year, people were looking for how much money they will pay that will meet the expected facilities with the property.

Delmon Fate Financial Management consultant “Mohammed Shaban”, who said that Delmon invested around BD2.3 Million in the first quarter of 2013and he’s optimistic concerning the new project “suq mall” that was being in the showcase in the exhibition as well.

Mohsen Al Zaimoor, Grnata Property Management and Development's Budaiya branch manager commented on the Real Estate market that the demand of residential properties is 70% more than last year and he’s expecting more increment in the demand. He also said that Delmon is managing Ishbiliya project like year ago and already they sold more than 60 houses.

“Delmon have coming residential projects in Shakura, Um Al Hassam and Hmala as well as other areas and already we’re seeing interests from investors and buyers.” He said

Zainab Alsinni, Kuwait-based developer Alargan's sales executive said that there’s a shortage in Bahrain properties with affordable prices. Such properties belong to companies that focus on main projects such as Jeyoun in Bukhowa area. She commented that from the 82 villas they have, 64 have been sold and the rest will be sold very soon.

A report was issued from CBRE earlier that real estate transaction grew in Bahrain by 64% than last year. This is due to Bahrainis and non-Gulf residence, although most of the increase came from expatriates, they’re the most who delayed registration of purchases they had made in previous years than new purchases.

Smart Investments & Marketing is one of the leading property brokerage companies based in the Kingdom of Bahrain.  Its portal smart-realestate.com has grown and is growing fast catering clients in Bahrain, Qatar and Saudi Arabia. http://smart-realestate.com
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Source:Smart Real Estate News
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Tags:Real Estate Bahrain, Bahrain news
Industry:Real Estate
Location:Manama - bahrain - Bahrain
Subject:Events
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