Bahrain Property Report
Q2 2024
Bahrain Property Market Report
ASK Real Estate's quarterly report on Bahrain's real estate market. This Q2 2024 edition covers transactions, rents, land values and a strong quarter for hospitality.
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Report highlights
A summary of the key findings from the Q2 2024 Bahrain Property Report. The full analysis, with all charts and tables, is in the downloadable PDF.
01Overall market
Q2 2024 delivered steady growth: transaction volumes rose 2.96% year on year to 5,435 and value edged up 1.11% to BHD 302.7 million, with land, residential, commercial and industrial rates all stabilised.
02Residential
Rents grew selectively. Seef rose across all unit sizes, one-bedrooms up 8%, two-bedrooms up 9.1% and three-bedrooms up 2.2%, and Bahrain Bay and Harbour climbed in the three-bedroom segment, while Reef and Amwaj softened, keeping affordable options available.
03Land
Land values were mixed. Residential rose to BHD 28.71 and BD to 41.24, while industrial eased to 17.15 and BA adjusted from BHD 73.00 to 71.11.
Figure 1
Land values by zone, Q1 vs Q2 2024 (BHD per sq ft)
04Hospitality
The standout sector: occupancy jumped to 55.05% from 47.13%, ADR rose to BHD 72.89 (+6.6%) and RevPAR surged 26.11% to BHD 40.36.
Figure 2
Hotel KPIs, Q2 2023 vs Q2 2024
Steady growth in transactions and a 26% RevPAR surge made Q2 2024 a confident, balanced quarter.
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The complete report expands on every highlight above with detailed tables and district-level data.
- Transactions & values
- Rents by district
- Land & investment
- Hospitality & economy
The full series
