Bahrain real estate deals on rise
The head of the Bahraini Area and Property Registration Service, Salman bin Abdallah Al Khalifa, declared that the real estate market in Bahrain saw until the third quarter of 2005 a significant activity in the sphere of real estate investments, reported the Bahraini newspaper, Al-Ayyam, on October 11.
The actual results of the real estate sector until the third quarter of 2005 show a 25% increase in real estate trade in comparison to the same period of 2004. Total real estate transactions until the third quarter of 2005 totaled BD396,436,756 ($1.05 billion) compared to BD316,389,791 ($839.3 million) in 2004.
The share of non-Bahraini citizens in the real estate trade until the third quarter of the year was 8% compared to 10% in 2004.