- Bahrain real estate transactions reach US$2.8 billion compared to some US$1.9 billion in 2020
Bahrain’s real estate transactions value rose by 46% in 2021, to US$2.8 billion (1,046,162,080 BHD), compared to US$1.9 billion (717,436,872 BHD) in 2020, according to figures released by Bahrain’s Survey and Land Registration Board. The total real estate transactions hit 26,136 in 2021, an increase of 35% compared to 19,405 transactions in 2020.
The growth coincides with several major developments, including Bahrain’s recently announced National Economic Recovery Plan. The plan aimed to drive economic growth based on five main pillars, including the launch of strategic projects valued at over US$30 billion in various sectors, including infrastructure, industrial, housing, tourism, and healthcare.
The housing segment of the plan includes the “Sharaka” programme, which allows private developers to bid for contracts for government land, in line with the government’s commitment to strengthening its partnership with the private sector and providing quality houses for citizens. The programme is set to expand over the coming years to include more than 16,000 housing units.
Bahrain’s real estate sector is a popular destination for investments, offering a multi-dimensional marketplace that caters to the growing demand in the Kingdom. As demand surges, residential, retail, and tourism properties present a unique investment opportunity.