News

The President of the Survey and Land Registration Bureau (SLRB) His Excellency Shaikh Salman bin Abdulla Al Khalifa announced that trading in real estate in the Kingdom of Bahrain in last year 2014 has witnessed a big jump to reach unprecedented numbers. The total volume of trading in real estate during the period from first of January to 31^st of December 2014 reached BD1,292,461,903 (Bahrain Dinars one billion two hundred ninety two million, four hundred sixty one thousand, nine hundred and three), which represents an increase of 50% compared to 2013. This is an unprecedented increase in real estate trading in the Kingdom of Bahrain.

The volume of trading in the fourth quarter of the year amounted to BD 284,258,498 (Bahrain Dinars two hundred eighty four million, two hundred fifty eight thousand, four hundred and ninety eight), which represents an increase of 70% compared to the same period of last year 2013.

His Excellency Shaikh Salman stressed that these achievements were a result of the soundness and robustness of the comprehensive reform scheme of the King of the Kingdom of Bahrain His Majesty King Hamad bin Isa Al Khalifa, which we reap its dividends now. This scheme yielded the progress and growth that we see in the country in various sectors of the economy, including the real estate sector. Furthermore, we need not to say that the policies and measures taken by the government of His Royal Highness Prince Khalifa bin Salman Al Khalifa, Prime Minister, and the use of modern management concepts have had great impact on growth, the achievement of excellence and strengthening the concepts of the state of institutions and law. These positive results comes as a consequence of the medium and long-term strategic economic plans envisaged by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and Second Deputy Prime Minister, such as Bahrain Economic Vision 2030.

His Excellency added that this leap in real estate transactions and the large numbers achieved expressing the positive and stimulating economic climate in the Kingdom and the high confidence of real estate traders and investors in the Kingdom of Bahrain. These positive results have undoubtedly encouraged Gulf real estate investors to invest and trade in the Kingdom of Bahrain. Accordingly, real estate dealings by GCC nationals until the end of December of this year have increased by 102%, while dealings by foreign investors have also increased by 29% compared to 2013.

The following table shows the value of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the period from January to December of 2014 compared to the same period of 2013:

The following table shows the value of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the first quarter of 2014 compared to the same period of 2013:

The following table shows the value of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the second quarter of 2014 compared to the same period of 2013:

The following table shows the value of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the third quarter of 2014 compared to the same period of 2013:

The following table shows the value of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the fourth quarter of 2014 compared to the same period of 2013: