The popularity and success of the real estate market in Dubai is well documented; but in sharp contrast Bahrain - which is one of the Middle Eastern property markets with the greatest potential - is little known and often overlooked.
The Lofts are following the same route as Orchid 1 did before our allocation sold out. Investors who took advantage of pre release prices in Orchid 1 are now sitting on a profit of up to 29000 GBP in a matter of weeks. That means that if you want to maximize on your investment you do really need to act now.
Therefore real estate investors looking for a market with more room for expansion than Dubai, a market that is equally popular with expatriates as Dubai and a market offering property as magnificent as Dubai need look no further than Bahrain
Property in Bahrain has secured a number of 1 & 2 bed freehold apartments in Juffair, Manama, Bahrain at a discounted rate exclusively for our clients. These apartments are at pre release prices starting from £74000.00 they are due for imminent release to the public, when they will be priced starting from £80000.00
The 2 year construction time will allow for considerable capital growth, with finished comparable properties in the area selling today for £95000.00. With predicted capital appreciation of around 25% per annum the returns are fantastic.
Discounted property does not normally exist in Bahrain since demand far outstrips supply. At present accommodation can be sold and let faster than it can be built and as a result, property on the island, in the right location increased in value by more than 30% last year.
The design of these apartments is unique for Bahrain being of an American “Loft” style and the finish specification is superb. They offer fantastic value for money and will be much sort after and therefore sell very quickly when they are released, moreover they will command a premium rental because of their unique design and location.
Lofts 1 is being constructed by one of Bahrain’s most respected developers and will be due for completion in September 2009. The shortage of residential property for American and European ex-pat workers is fuelling a massive increase in both rental values and property prices and this shows no sign of slowing for the foreseeable future.
With mortgage finance available up to 85% loan to value (subject to status) it really doesn’t get much better than this, with the predicted capital appreciation and the benefit of a mortgage this surely represents one of the best opportunities available anywhere in the world, 200% ROI in 2 years, and a rental yield of in excess of 10%