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Bahrain Property Market - Q1 2023

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Market Highlights

  • Bahrain’s economy grew by 4.9%, the highest recorded in over five years, whilst Foreign Direct Investments (FDI)grew by 5.8% y-o-y to reach BHD 13.3 bn in 2022.
  • The Government has recently introduced a ‘Golden Licence’ scheme for foreign and local businesses. As part of the scheme, various incentives will be provided to investors, including prioritising the allocation of land for investments, and streamlined access to government services such as business licensing and building permit approval.
  • The positive economic momentum was also reflected across the real estate sector. As per the Survey and Land Registration Bureau (SLRB), the value of real estate transactions increased by 17% y-o-y in Q1 2023 to BHD 243.1 million.
  • The Kingdom of Bahrain ranked second in the Arab World and 34th globally in the World Bank’s 2023 Logistics Performance Index.

 

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