Residential Real Estate - Bahrain

The Residential Real Estate market market in Bahrain is projected to reach a value of US$53.89bn in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.55%, leading to a market volume of US$67.33bn by 2029.
When compared globally, it is noteworthy that China will generate the highest value in the Real Estate sector, amounting to US$112.9tn in 2024.
Bahrain's residential real estate market is experiencing a surge in demand due to its favorable tax policies and attractive investment opportunities.

Definition:

The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.

Structure:

The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and for real estate renters as well.

Residential real estate transactions
Residential real estate leases

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Residential Real Estate market in Bahrain is experiencing significant growth and development in recent years. Customer preferences have shifted towards modern and luxurious properties, leading to an increase in demand for high-end residential units. Additionally, the market is influenced by local special circumstances and underlying macroeconomic factors. Customer preferences in the Bahrain Residential Real Estate market have evolved in response to changing lifestyles and increasing affluence. Customers are now seeking properties that offer modern amenities, spacious living areas, and state-of-the-art facilities. The demand for high-end residential units, such as luxury apartments and villas, has surged as buyers prioritize comfort and luxury. This shift in preferences has led to the development of upscale residential projects that cater to the needs of affluent buyers. The market is also influenced by local special circumstances. Bahrain is known for its thriving tourism industry and has become a popular destination for expatriates and foreign investors. This has created a demand for residential properties from both local and international buyers. The government has implemented policies to attract foreign investment, further fueling the growth of the Residential Real Estate market. Additionally, the availability of financing options and favorable mortgage rates have made it easier for buyers to invest in the market. Underlying macroeconomic factors have also contributed to the development of the Residential Real Estate market in Bahrain. The country's strong economic growth and stable political environment have attracted investors from around the world. The government has implemented initiatives to diversify the economy, with a focus on sectors such as tourism, finance, and real estate. This has led to an increase in job opportunities and a growing population, driving the demand for residential properties. Furthermore, Bahrain's strategic location in the Gulf region has made it an attractive destination for businesses and individuals. The country serves as a gateway to the Middle East, with easy access to neighboring countries. This has resulted in an influx of expatriates and foreign workers, creating a demand for housing. In conclusion, the Residential Real Estate market in Bahrain is experiencing growth and development due to shifting customer preferences, local special circumstances, and underlying macroeconomic factors. The demand for high-end residential units, the influx of expatriates, and the government's initiatives to attract foreign investment have all contributed to the market's expansion. With favorable financing options and a stable political environment, Bahrain remains an attractive destination for real estate investment.

Data coverage:

Figures are based on total and average value of residential real estate, residential estate transactions and leases.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate - Bahrain

Value

Volume

Analyst Opinion

Transaction Value

Revenue

Household Type

Living Space

Methodology

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