Q3 2024

01Overall market

Q3 2024 saw fewer but higher-value deals. Transaction volumes fell 18.23% year on year to 4,206, while total value rose 17.92% to BHD 320.7 million, a clear shift toward premium assets. Land, residential, commercial and industrial rates all stayed stabilised.

02Residential

The rental market stayed resilient across one, two and three-bedroom segments. Seef and Bahrain Bay and Harbour continued to attract tenants at premium levels, while Juffair and Amwaj offered more affordable options, keeping the market versatile for tenants and investors.

03Land

Vacant land shifted dynamically. Industrial land jumped from BHD 17.15 to BHD 19.90, residential edged up to 28.73, and BA-zoned land rose sharply from BHD 71.11 to 75.00 with BB up to 66.55.

04Hospitality

Hotel KPIs improved on the prior year: occupancy 51.17% (from 50.83%), ADR BHD 63.13 (+2.90%) and RevPAR BHD 32.29 (+3.56%).

05Construction costs

Bahrain remains cost-competitive in the GCC: residential builds range from about BHD 400 per sqm for villas to BHD 680 for high-rise, and office shell and core from BHD 490 to 700 (AECOM 2024).

Fewer deals, higher values: Q3 2024 pointed to a market trading up in quality while rents stayed stable.