The popularity and success of the real estate market in Dubai is well documented; but in sharp contrast Bahrain – which is one of the Middle Eastern property markets with the greatest potential – is little known and often overlooked.

Bahrain has a small but well establish luxury real estate market; and recent changes to legislation allowing for foreign freehold ownership of property within certain real estate developments in Bahrain has created a surge of investor and consumer interest in the kingdom.

The kingdom of Bahrain has long been home to a magnanimous expatriate community, with expatriates primarily coming from the UK, Europe and the United States. Expatriates living in Bahrain generally enjoy an unbelievably high standard of living, substantial tax-free income and an inimitably luxury life-style – and the type of accommodation they seek has become the iconic trend of real estate now available for foreign purchasers. Therefore, the real estate developments where foreign freehold ownership of title is permitted in Bahrain epitomize quality and luxury.

In recent years Bahrain has been acting to broaden its economy away from oil by centering five important business areas; namely business and financial services, tourism, information technology, healthcare and education and telecommunications. As a consequence a lot more international companies have built bases and headquarters in the land which have produced more employment opportunities and successively attracted more foreign executives and their kinfolks to Bahrain.

This influx of foreign residents to the kingdom of Bahrain has resulted in a thriving rental real estate sector which has further helped to underpin an already incredibly successful economy. Recently Bahraini officials began to realize the potential of the real estate sector if they allowed for foreign freehold ownership, and this led to legislative and constitutional changes and the officials have been rewarded for their foresight by the creation of an incredibly popular and successful property market.

It is a reality that a lot of of the exiles living in Bahrain are now taking full advantage of their right to possess freehold title to real property. It is as well a reality that there is still an increasing demand for upper-class accommodation in Bahrain and this is forcing rental rates enthusiastically higher. Both of these truths mean that real estate investors have a property market good for exploration in Bahrain with quick revenue achievable from the rental sphere and the release and actualization of capital appreciation easy to accomplish with a market hungry for completed resale property.

Therefore real estate investors searching for a market with more room for expansion, even more than Dubai has got, and a market as equally popular with expatriates as Dubai is and a market providing property as beautiful as Dubai does need hunt no further than Bahrain.

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