Total Area: 694 km²
GDP (in million USD): 21,733
Bahrain, officially the Kingdom of Bahrain is a small island country situated near the western shores of the Persian Gulf. It is an archipelago of 33 islands, the largest being Bahrain Island, at 55 km long by 18 km wide.
Property prices in Bahrain continue to soar. Manama, the capital, has experienced Bahrain's highest property price growth, at around 600% over the past three years. Prices in other towns have climbed about 400%, according to local property developers.
Higher oil revenues and foreign investments have pushed up Bahrainis' purchasing power, stimulating housing demand. Liberal real estate laws, freedom from tax, and easy home financing have added to the real estate boom.
Foreigners, resident or not, can now freely buy property and rent it out in Ahmed Al-Fateh, Hoora, Bu Ghazal, Seef, and Northern Manama, which are all in the capital city, Manama. Foreigners can also buy in Durrat Al-Bahrain, Amwaj Islands, and DannatHawar – reclaimed areas earmarked for tourist developments. Owning a property in Bahrain also brings with it permanent residency rights.