A Middle Eastern jewel comes into its own
Bahrain is a sun-splashed, tax-free island kingdom that is well known with the international smart set. Until now it has not been one of the more well known foreign property hotspots for British buyers, and other Middle Eastern locations such as Dubai shout louder. However, Bahrain is definitely worth a look if you’re in the market for an excellent return on your investment.
Also, it hasn’t had the same history in ownership terms that many of its neighbours have – after all, expatriates have only been allowed to buy in the kingdom for three years. These days, more of us are now catching on. Prices are rising rapidly and Bahrain now ranks with other more established overseas locations as a great place in which to invest in property.
The company Property In Bahrain has currently got a number of excellent investments. The Lofts looks set to follow the same route as Orchid 1 did its our allocation sold out. Such was the rate of increase in value that investors who took advantage of pre-release prices in Orchid 1 built up a profit of up to £29,000 in a matter of weeks. With every upward motion, however, comes urgency: those who want to see returns in this league are advised to act now.
Bahrain has more room for expansion than Dubai, and is a market that is equally popular with expatriates. It is also marked by some particularly impressive property.
Property in Bahrain has secured a number of one- and two-bedroom freehold apartments in Juffair, Manama at a discounted rate exclusively for our clients. These apartments are at pre-release prices starting from £74,000 they are due for imminent release to the public, when they will be priced starting from £80,000.
The two-year construction time will allow for considerable capital growth, with finished comparable properties in the area selling today for £95,000. With predicted capital appreciation of around 25 per cent per annum the returns are fantastic.
Demand far outstrips supply in Bahrain. At present, accommodation can be sold and let faster than it can be built; as a result, property in certain locations increased in value by more than 30 per cent last year.
The design of The Lofts is unique for Bahrain, being of an American loft style; the finish and specification are superb. These are sure to be very sought- after and, with their superb design and location, will command a premium rental.
Mortgage finance is available up to 85 per cent loan-to-value, subject to status.
Riffa Views is a development that offers a variety of property investment opportunities with golf or water views. It consists of generously proportioned villas set amidst beautiful scenery and is home to Bahrain's first international 18-hole championship golf course which will feature this year as part of the PGA world tour; natrually, rental values will be at a premium for the duration.
In Juffair, the result of a massive land reclamation project that has extended Bahrain’s coastline by 2km, The Terraces is a 24-storey luxury apartment block with an elegant lobby, a large private courtyard every two floors, a games room, gymnasium, steam room and sauna and rooftop swimming pool, all for the exclusive use of residents. The accomodation comprises a range of one- and two-bedroom apartments and two-bedroom duplexes – an excellent investment opportunity.
Prices for one-bedroom properties start at 44,000 Bahraini dinar (BHD), while two-bedroom start at 65,000 BHD and duplexes are priced from 85,000BHD.
Juffair is mainly populated by established foreigners and upwardly mobile young Bahrainis. It is the site of Bahrain's largest mosque, the huge domed Al Fateh Mosque, and also houses the recently completed national library. Juffair's close proximity to the Diplomatic Area, Muharraq and Adliya make it popular with those living and working in Bahrain.
For further information on any of these properties call 0845 0175 182 or visit propertyinbahrain.com