Manama, Bahrain – December 18, 2024: The Real Estate Regulatory Authority (RERA) has reported a notable surge in Bahrain’s real estate sector for Q3 2024. Transactions in the sector saw a 17.92% increase compared to the same period in 2023, with a total value exceeding BD399.52 million, according to data published on the Aqari platform.
NEWS OF BAHRAIN
Muharraq Governorate led the pack in transaction value, recording BD148.687 million, while the Capital Governorate posted a staggering 43.86% increase, amounting to over BD26 million. These figures reflect the resilience of Bahrain’s real estate market and its pivotal role in supporting the national economy.
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In another highlight, Al Areen Holding Company, a leader in real estate development, recently won four awards at the prestigious Arabian Property Awards. Recognitions include Best Masterplan and Best Mixed-Use Development for the Al Areen Masterplan, alongside accolades for Best Hotel Design (Al Areen Park Hotel) and Best Residential Development (Tilal Residential Project). The awards celebrate the company’s commitment to environmentally sustainable and innovative design, further enhancing Bahrain’s urban landscape.
ZAWYA
Hilton has also unveiled plans to introduce its iconic Waldorf Astoria brand to Bahrain. The Waldorf Astoria Bahrain Bay will be located in Manama’s Bahrain Bay district, adjacent to The Avenues – Bahrain, with a scheduled opening in 2028. The announcement underscores Bahrain’s growing appeal as a destination for luxury investment and tourism.
ARABIAN BUSINESS
These developments reflect the dynamic nature of Bahrain’s real estate sector, driven by ambitious projects, sustainability initiatives, and investor confidence. For comprehensive property insights, platforms like Property.bh offer invaluable resources to investors, developers, and homebuyers exploring Bahrain’s booming market.
