ASK Real Estate's quarterly report on Bahrain's real estate market. This Q1 2025 edition covers transactions, rents, land, hospitality and the outlook.
A summary of the key findings from the Q1 2025 Bahrain Property Report. The full analysis, with all charts and tables, is in the downloadable PDF.
4,974
Transactions
▼ 18.78% YoY
BHD 283.7M
Transaction value
▲ +3.67% YoY
52.1%
Hotel occupancy
Ramadan quarter
USD 6.8B
FDI inflows
Golden License era
01Overall market
Q1 2025 showed mixed performance with stable fundamentals. Volumes fell 18.78% year on year to 4,974 deals, yet total value rose 3.67% to BHD 283.7 million as investors focused on premium, high-value assets. Rents and occupancy stayed stable across sectors.
02Rents by sector
Office space in the Capital averaged BHD 4.8 per sqm and retail peaked at BHD 7.8, while industrial stayed affordable at BHD 2.6 to 3.1, led by Tubli and Salmabad. Muharraq and the Capital Governorate led residential rents and prices.
Figure 1
Average rents by sector (BHD per sqm)
Capital-district rents. Retail commands the highest rates.
03Land and investment
Land followed a clear zoning hierarchy, from BHD 17.5 per sqm in industrial zones to BHD 74 in high-density BA zones. Sentiment stayed resilient on diversification, FDI inflows above USD 6.8 billion and Golden License projects.
Figure 2
Land values by zone (BHD per sqm)
Land is priced by zoning density, from industrial plots to premium BA zones.
04Hospitality
Hospitality softened seasonally during Ramadan but stayed fundamentally strong: occupancy 52.1%, ADR BHD 62.9 and RevPAR BHD 32.8.
05Economy and outlook
The IMF projected Bahrain's GDP to grow 2.8% in 2025 on non-oil momentum. The outlook: steady performance, premium asset growth and long-term investment stability.
Softer volumes, firmer values: Q1 2025 pointed to a maturing market led by premium assets.
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