General Report on the actual financial results of property traded in the Kingdom during the third quarter (January to September) 2007

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Introduction:

Real estate sector plays a critical and pivotal role in the economic activity at the global level, because it is one of active and significant investment instruments of the states' GDP at the regional and international levels.

 

As the Kingdom applies economic open-door policy as the region's important financial hub; in addition to flexible real estate regulations and laws governing real estate trading, the real estate trading index constantly and steadily grew totaling BD 912,916,795  by the end of the third quarter of this year compared to BD 619,307,830 for the same period of 2006; with and increase of 32%.


The highest trading ratio during the first quarter:

March witnessed the highest trading ratio during the third quarter of this year as the value of traded real estate mounted to BD 188,036,822 in 2007, compared to last year 2006 as March witnessed the highest rate of traded real estate with value peaked at BD 194,024,474 for 2006.

 

Real Estate trading index of GCC nationals and foreigners


Total trading volume of Non Bahraini in property market of the Kingdom up to end of the third quarter of this year 2007 reached 7% of the total traded in properties compared to 2006 of 6% .

 

No of property

Investors

Value of trading

Percentage %

14047

Bahrain

848,770,800

93

82

KSA

33,986,310

3.7

30

Kuwait

14,322,178

1.5

6

UAE

4,138,571

0.5

14

Qatar

2,373,716

0.3

8

Oman

1,255,167

0.2

28

Foreigners

8,070,050

0.8

14215

Total

912,916,795

%100

 

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  • The highest trading ratio during the first quarter
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