According to numbers issued by Bahrain's Survey and Land Registration Board, real estate sales in Bahrain increased by 36% in the first quarter of 2021, hitting $600 million (BD226 million). These results indicate a more than a third increase over the Q1 of the previous year when totals were slightly over $440 million (BD166 million).

In the first three months of this year, just under 3,000 homes were sold, a 51% increase over the first three months of last year's transactions, which totaled just under 2,000. Propertyfinder.bh also revealed that the number of sale listings in Q1 2021 increased by nearly 10% over the previous quarter. Much of this achievement may be credited to the government's strategic and quick budgetary measures to assist the economy.

In response, Ali Al Mudaifa, executive director of Investment Origination at the Bahrain Economic Development Board, stated, "The increase in real estate transactions demonstrates the rising demand for residential and retail properties in the Kingdom, which offers a prospect for investors and developers who can gain from Bahrain's business-friendly rules such as 100 percent foreign ownership." Aside from local demand, we saw a 21% increase in real estate transaction value from foreign purchasers, particularly GCC nationals.”

Bahrain's long-standing real estate industry is a popular investment location, providing a multi-dimensional marketplace that serves the Kingdom's expanding demand. Residential properties give a unique opportunity as affordable home plans are implemented, with the Ministry of Housing requesting 5,000 units per year and 40,000 units to be supplied by 2022.