Bahrain’s real estate market is a significant contributor to the country’s economy, with a GDP of $45 billion, expected to grow to $55 billion by 2025. The real estate sector consistently contributes approximately 5.4% to the GDP, making it a vital component of the Bahraini economy.
The real estate market in Bahrain is poised for substantial growth, with pipeline projects expected to drive a 15.9% increase in the total number of freehold residential apartments in 2023. These new units are primarily concentrated in the Capital and Muharraq Governorates, indicating a strategic focus on urban development and expansion.
ARAB MLS, with its innovative data solutions and comprehensive real estate services, is poised to bring significant benefits to Bahrain’s real estate market. The platform can provide:
Intensify Market Transparency: Arab MLS can offer a centralized hub for property listings, improving transparency for both buyers and sellers. This transparency is essential in a market aiming for robust growth.
Streamlined Property Transactions: By streamlining property transactions and offering mortgage and tax solutions, Arab MLS can contribute to a more efficient and reliable real estate ecosystem.
Educational Support: Arab MLS can support educational initiatives, aligning with RERA’s efforts to raise professional standards within the real estate industry.
Data-Driven Decision-Making: Arab MLS’s data solutions, such as property data and location intelligence, can empower real estate professionals and investors with the insights they need for informed decision-making.
