General report on the actual financial results for the properties traded during the first quarter of the year (January-March) 2005

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SLRB Head HE Shaikh Salman Bin Abdulla Bin Hamad Al Khalifa has said the property market in the Kingdom of Bahrain witnessed a remarkable increase during  the year 2005, reflecting investors' confidence in this type of investments due to the political and social openness and the stable security situation, which all enhances investors' confidence and assurance of investing their money in the Kingdom.

Actual figures for the properties traded during the first quarter of 2005 show an increase of 27% in property transactions, compared with the year 2004.

Property transactions during the year 2005 stood at BD 114,130,073, in addition to BD 82,916,777 during the first quarter of 2004, an increase of BD 4,232,903.

 

Number of Properties

Investors

Value of Properties

%

3,899

Bahrainis

107,067,407

94%

28

Saudis

4,540,547

4%

19

Kuwaitis

1,317,927

1%

9

Emiratis

1,025,004

0.8%

2

Qataris

101,632

0.1%

1

Omanis

14,000

0.03%

1

Foreigners

63,556

0.07

3,959

Total

114,130,073

100%

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