Bahrain, Property Market Outlook, Winter 2015/16
Key findings from the report include the slight upturn in office rents and the continued buoyancy in the retail market. In addition, the report points to the potential for further weakness in the residential market, particularly as low oil price concerns linger.
- Office rents remain stable for the most part but rise marginally in Al Seef
- Retail is increasing with a rise in the number of gyms, supermarkets, cafes and pharmacies
- There was a 6.7% rise in annual rents across the expat dominated submarkets in the Kingdom, although rents stagnated with 0.1% growth during Q3
- There was a 5.3% fall in residential capital values since the beginning of 2015
744 – average monthly apartment rents in Q3 2015 (BD)
1,192 – average monthly villa rents in Q3 2015 (BD)