News about Bahrain

The Kingdom of Bahrain is preparing to host the Cityscape Bahrain Exhibition and Conference 2023 for the second consecutive time. The event will take place at Exhibition World Bahrain from November 14-16, 2023. The hosting is supported by the Real Estate Regulatory Authority in Bahrain as part of its efforts to enhance the sector in line with the ambitious plans to diversify the economy towards non-oil sectors, in accordance with Bahrain's Economic Vision 2030. The upcoming exhibition and conference specialized in the real estate sector in the Kingdom has announced this year's main theme as "Sustainability and Digital Transformation in the Real Estate Sector".

Cityscape is set to return from 14th-16th November, 2023 at the Exhibition World Bahrain. This year’s edition will be supported by The Real Estate Regulatory Authority in Bahrain (RERA) as part of their ongoing efforts to enhance and expand the Kingdom’s real estate sector, in unison with larger plans to diversify the economy towards non-oil sectors as depicted by the Economic Vision 2030.

The most anticipated regional real estate and property conference and exhibition in the Kingdom announces the theme for this year’s conference: Sustainability & Digital Transformation in Real Estate. 

Bahrain - The Bahrain real estate sector largely continued the upward momentum from 2022, albeit at a slower pace given increasing global macro-economic uncertainties, according to the Savills Q1 2023 Bahrain Property Market in Minutes update.
In the residential market, villa developments continued to gain in popularity in Q1 2023 with capital values across the mid-end segment rising 5.2% y-o-y. Rates are now estimated at BHD 603/sqm compared to BHD 573/sqm in Q1 2022. 

Investcorp, an alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, plans to invest up to $1 billion in the GCC real estate market over the next five years as it continues to expand its global properties and warehousing portfolio. The company has already made its first Gulf real estate investment by acquiring a warehouse in Saudi Arabia, it said on Monday. The investment in a 215,000 square feet temperature-controlled warehouse in Dammam is the first of the $100 million worth of real estate investments that Investcorp is currently assessing in the Saudi Arabia, the Arab world’s largest economy.

In the residential market, villa developments were popular in Q1 2023, with a 5.2% year-on-year increase in capital values in the mid-end segment. Villa rates reached BD603/sq m compared to BD573/sq m in Q1 2022. However, the demand for high-end apartments declined due to increased credit costs, resulting in a 1.3% quarter-on-quarter drop in their values. According to real estate expert Savills, the Bahrain real estate sector maintained its upward trend from 2022, although at a slower pace due to global economic uncertainties.

Kooheji Development, one of Bahrain's leading real estate companies, has launched its new mixed-use project Onyx SkyView" on the sideline of the inaugural edition of leading property expo Cityscape Bahrain. Spanning an area of 100,000 sq m, the key development tower boasts 435 ultra-luxury residences, 40 Offices, and 7 retail units at a prime location in Bahrain Bay, opposite the iconic Four Seasons Hotel Bahrain.

Bahraini real estate developer Bareeq Al Retaj has announced the launch of its pioneering sustainable community on the kingdom's eastern coast. Located close to a local heritage village and Aquaculture Centre, the new development Ras Hayan Village will boast waterfront villas and apartments, leisure, hospitality and retail space as well as a stunning marina, all set amidst a natural mangrove forest. 

Diyar Al Muharraq, a leading real estate development company in Bahrain, showcased its latest prime projects - including the new model designs for Phase Three of Al Naseem villas within its upcoming integrated city in the kingdom - at the debut Cityscape Bahrain expo. The leading real estate event kicked off yesterday (November 22) under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa Crown Prince and Prime Minister.

Manama, Bahrain: Bahraini real estate developer Bareeq Al Retaj have launched its new brand image and strategic direction at this year’s Cityscape Bahrain, where they exhibited from 22nd to 25th November. Bareeq Al Retaj showcased no less than four local prime development projects for the first time, divulging a brand-new master-planned community, waterfront villas, high-end and branded residences, and canal-side apartments.