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Bahrain – Finding Property to Buy

Popular Estate Agents in Bahrain

Some of the most well-known real estate agencies for expats in Bahrain include:

Qualifications and Licences in Bahrain

In Bahrain, real estate agents must register with the Real Estate Regulatory Authority (RERA) and obtain a brokerage license. Key requirements include:

  • Being a Bahraini national or company owned by Bahrainis.
  • Sufficient capital funds as specified by RERA.
  • Having qualified staff with relevant experience.

Brokers must follow codes of conduct and renew licenses annually. There are separate licenses for real estate developers.

Breakdown of Estate Agent Fees in Bahrain

Common fees charged by real estate agents in Bahrain include:

  • Brokerage commission – Typically 2% paid by the seller.
  • Listing fees – Paid by the seller to list the property.
  • Marketing and advertising costs.
  • Property viewing and documentation fees.
  • Transfer fees – 1% of purchase price, paid by buyer.
  • Management fees – If using an agent to manage the property after purchase.

Fees are not regulated, so agents may negotiate their own rates. Buyers should clarify all fees upfront before agreeing to work with an agent. Using a buyer’s agent can help negotiate favorable commission rates as well.

Other Resources

Some other property listing resources in Bahrain include:

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  • PropertyFinder.bh – Leading real estate portal.
  • Classified listings – In newspapers like the Gulf Daily News.
  • Online marketplaces – Such as OpenSooq and ExpatWoman.
  • Developer websites – Many post listings of units within their projects.
  • Real estate apps – Like Zillow and Bayut with Bahrain listings.
  • Social media groups – Such as Bahrain Property and Housing on Facebook.

Use of a Buyer’s Agent

Using a buyer’s agent is relatively common in Bahrain, especially for expat purchasers. There are no specific licensing requirements – any licensed broker can act as a buyer’s agent. Their services are typically free for the buyer, as commissions are paid by the seller. Hiring a buyer’s agent can provide great assistance navigating Bahrain’s real estate market.

Organisations for Foreign Property Buyers in Bahrain

Helpful organisations in Bahrain include:

  • Real Estate Regulatory Authority – The licensing body for brokers. Website: www.rera.bh
  • Bahrain Real Estate Association – Industry association. Phone: +973 17 321 177
  • Owners Associations – Groups that manage properties and represent owners’ interests. For example, the Manama Owners Association: +973 17 290 222.
  • Law firms – Many specialize in advising foreign buyers such as Keypoint Law: https://keypoint.law/.
  • Banks – Major banks have teams to assist expat customers with mortgages and property purchases, such as NBB Home Loans: https://www.nbbonline.com/en/personal/loans/home-loan.

Engaging professionals like a buyer’s agent and real estate lawyer is advisable for expats purchasing property in Bahrain. They can guide buyers through regulations, negotiations, contracts and more.

For expats looking to put down roots in Bahrain, purchasing property can make an enticing long-term investment. Navigating the real estate market in a foreign country requires local expertise. Working with professional Bahraini agents and consultants simplifies the process and helps avoid pitfalls. They can tap into exclusive network listings and assist with negotiations and paperwork. Joining expat communities and groups also provides peer support and market insights. While the buying process involves many considerations for foreigners, Bahrain provides a stable environment to own freehold property. With proper guidance and research, the dream of owning a home in this vibrant Gulf state can become reality.

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