Discover your perfect home in Bahrain with our expert real estate services. We specialize in helping you navigate the local market find properties that not only fit your lifestyle but also comply with Bahrain's Visa requirements. Our team is here to guide you every step of the way, ensuring a smooth and successful investment experience.
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Buying and Selling Residential Property in Bahrain
The process of buying and selling residential property in Bahrain is governed and overseen by the Real Estate Regulatory Authority (RERA), which aims to ensure transparency and protect all stakeholders. RERA licenses real estate developers, brokers, and sales agents, requiring them to adhere to a professional Code of Conduct.
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For the purchase, foreign buyers are permitted to own property in designated freehold areas. Key financial aspects include mandatory government registration fees, which are typically between 1.7% and 2% of the property value, and agent commissions. The agent's commission is commonly around 2-3% of the property value. Buyers are also advised to factor in legal/conveyancer fees and, for foreign owners, an annual municipal tax of 10% of the assessed rental value. The sale is finalised upon the signing of the sales agreement and registration of the title deed with the Survey and Land Registration Bureau (SLRB).
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Residential Property Leasing for Expats in Bahrain
Residential property is let in Bahrain, particularly to expatriates, through a standard process often facilitated by real estate agents, whose fees are usually covered by the landlord.
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Expats frequently choose properties in popular areas like; Juffair, Seef, Sar, Amwaj Islands and Diyar.
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Lease agreements are typically for one year with an option to renew and must be made in writing and registered with the Leased Property Agreements Registration Office—a critical step, as unregistered contracts are not entertained by the Rent Disputes Committee in case of disagreements. Tenants usually pay a refundable security deposit (often one month's rent) and may be asked for up to three months' rent in advance. A crucial clause for expats is the "Diplomatic Clause," which allows the tenant to break the lease early with a one-month notice if required to leave the country.
Expat rentals are commonly offered as fully furnished (often inclusive of utility charges/municipal tax up to a cap) or semi-furnished/unfurnished (where the tenant is responsible for utilities and the 10% municipal tax on the monthly rent).
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Go to the following webpages for more information on:
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Let us help you make Bahrain your home.