MANAMA: Average daily real estate dealings in Bahrain reached BD5 million and sometimes BD7m in January.
Bahrain Real Estate Society chairman Nasser Al Ahli said these are positive indications considering the present economic conditions and the fall in oil prices.
“Bahrain is one of the best GCC countries in terms of real estate growth. The offer is limited in the property market in Bahrain while demand for residential properties is increasing to stand at 60 per cent of daily dealings.
“The partnership between the housing bank, housing ministry and real estate development companies in the social housing sector is creating good investment opportunities to Bahraini and Gulf real estate developers,” Mr Al Ahli added.
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