Luxury real estate in Bahrain

Benefits of living in Bahrain

Bahrain or the "Pearl of the East" is located on the islands in the Persian Gulf, so the tropical climate gives residents summer weather all year round. The average temperature in January is about +16°С, in the middle of summer the mark reaches +40°С. The popularity of the state is gaining momentum: luxury hotels, shopping centers and premium residential complexes are being built here. Analysts predict Bahrain will follow the way of the UAE. The tourist flow will increase the workload of the resort infrastructure as well as increase the attractiveness of the golden visa for investment in real estate. Growth drivers are large-scale government projects and cultural heritage. The official language is Arabic.

Locations to buy real estate

Manama is the capital of Bahrain. One of the popular and luxurious areas in the city is Adlia. There are restaurants, bars and cafes for every taste.
Muharraq is the second largest city in the state. The former capital of Bahrain is located on the island of the same name, surrounded by the waters of the Persian Gulf.
Hamad is a small town 18 km from the capital Manama and at the same time near the Sakhir region. Here is the largest Formula 1 track in the Middle East.

Investment potential of real estate

At the beginning of the last century, oil fields were found in the state, and today the oil and gas branch occupies a significant share in the structure of GDP. All this, for obvious reasons, leads to the development of the state as a whole, for example, it gave rise to the construction of tourist places or luxury residential complexes. Bahrain is predicted the success of Dubai. In Doing Business, in just 2 years, Bahrain has risen by 23 lines, getting to 43rd place in the ranking of states that have improved their positions after reforms.

Can Russians buy real estate

Foreigners can buy property in Bahrain. However, there is a ban on the purchase of apartments in old residential areas. The country's authorities specifically developed this law to avoid a demographically unstable situation. But foreign investors can rent real estate in the old fund for 99 years. The law does not apply to new residential complexes.

Property taxes

The tax system in Bahrain is one of the most mild in the world. For example, the state does not provide for a tax on private income, and the only tax for foreigners is 1%.

Residence permit

In Bahrain, there is an analogue of a residence permit - a "golden" visa, issued for an unlimited period, subject to the condition. For example, you must own real estate worth more than $530.5 thousand.