Bahrain Property Report
Q1 2024
Bahrain Property Market Report
ASK Real Estate's quarterly report on Bahrain's real estate market. This Q1 2024 edition covers transactions, rents, land values and hospitality for the first quarter.
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Report highlights
A summary of the key findings from the Q1 2024 Bahrain Property Report. The full analysis, with all charts and tables, is in the downloadable PDF.
01Overall market
Q1 2024 saw a modest 3.33% reduction in transaction volumes against Q1 2023, while total value rose a substantial 12.62%, a higher value per transaction pointing to strengthening asset quality.
02Residential
Rents varied by neighbourhood. One-bedrooms ranged from BHD 360 in Amwaj to BHD 400 in Seef, two-bedrooms from BHD 505 in Amwaj to BHD 830 in Bahrain Bay and Harbour, and three-bedrooms peaked at BHD 1,400 in Bahrain Bay and Harbour with Juffair at a moderate BHD 635.
03Land
Zoning set a clear price gradient: industrial at BHD 18, residential at 28, commercial and BD at 39, BC at 48, BB at 65 and BA topping the chart at BHD 73. Prime plots in Bahrain Bay and Financial Harbour asked north of BHD 100 per sq ft.
Figure 1
Land values by zone (BHD per sq ft)
04Hospitality
The year opened strongly: occupancy reached 57.81% in January and 70.49% in February, before a seasonal dip to 36.70% in March with the onset of Ramadan.
Figure 2
Hotel occupancy by month, Q1 2024 (%)
Fewer but bigger deals: value up 12.62% on softer volumes set the tone for a quality-led 2024.
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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
