Why Invest?
Bahrain enjoys a strong and sound economy with all regulations to protect the interest of international investors. Bahrain has been recently doing very well in its attempts to promote and boost tourism.
Market Report
Over the next few years a whole swathe of real estate projects will come on stream that will make property investors look further at this market. Our forecast is that the focus in Bahrain will be switching to residential property in the next few years.
Economic Overview
Bahrain is the fastest growing economy in the Arab world, the United Nations Economic and Social Commission for Western Asia found in January 2006. Bahrain also has the freest economy in the Middle East according to the 2006 Index of Economic Freedom published by the Heritage Foundation/Wall Street Journal, and is twenty-fifth freest overall in the world.
Visa/Residency Issues
ALL visa applicants must apply in person (except for certain diplomatic visas), present the required documents and undergo a brief interview. Each traveler, regardless of age, must have his or her own visa, and each must complete the application process. Each applicant for a visa must pay a nonrefundable US$100 application fee.
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Getting to Bahrain
Approximate flight time from London to Manama is seven hours 15 minutes. The ports offer a quick and efficient entry into the country from all parts of the world.
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Fees & Taxes
- Bahrain is essentially tax free, but a few products are subject to tax
- Customs duties are imposed on the CIF value:
- 5 percent on foodstuffs and non-luxuries
- 7.5 percent on consumer goods
- 20 percent on cars and boats
- 70 percent on cigarettes and tobacco products.
- 125 percent on alcoholic beverages
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Bahrain
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Basic Information
| Population |
698,585 |
| Languages |
Arabic, English |
| Area |
253 sq mi |
| Currency |
Bahraini Dinar |
| Dialing Code |
+973 |
| Emergency Services |
999 |
Bahrain Overview
Bahrain is sometimes described as the 'Middle East lite', a country that mixes thoroughly modern infrastructure with a definite Persian Gulf identity, but unlike other countries in the region its prosperity is not solely a reflection of the size of its oil wealth, but also related to the creation of an indigenous middle class. The unique socio-economic development in the Persian Gulf has meant that Bahrain is generally more liberal than its neighours.
Average Property PricesComing soon.
Buying Process
- In terms of the property buying process in Bahrain it proceeds in a similar way to the majority of buying processes worldwide.
- Investors are advised to seek independent legal assistance throughout the entire purchase process of course and the legal property ownership rights in Bahrain are sophisticated and well developed, meaning the purchaser is protected once permission to purchase has been granted and deeds of ownership transferred into the investors name.
- Those purchasing pre-construction are advised that a holding deposit will be required upon contract closure and that stage payments will be due throughout the building process at fixed construction junctures with a final amount retained by the purchaser until property handover has been completed.
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