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Bahrain – Property Financing

Bahrain Mortgages and Property Ownership

Issuing Mortgages to Foreign Nationals

Bahrain has a well-developed banking system, with both local and international banks operating in the country. However, obtaining a mortgage as a foreign national can be challenging, as many banks have restrictions on who they will lend to. The specific requirements and restrictions vary depending on the bank, but typically, banks require that the borrower have a high credit score and a stable income, and that the property being purchased is for personal use.

Local lenders that issue mortgages in Bahrain include Bank of Bahrain and Kuwait, Bahrain Development Bank, and Ahli United Bank. Some international banks with a presence in Bahrain, such as Standard Chartered and HSBC, may also offer mortgages to foreign nationals. It is important to compare the terms and conditions offered by different lenders before making a decision.

Deposit Requirements

The deposit required when buying a property in Bahrain varies depending on the property value and the lender, but a typical deposit is around 10% of the property value. Some banks may require a larger deposit, so it is important to check with the lender before making a decision.

Responsibility for Outstanding Debts

When purchasing a property in Bahrain, the new owner is not responsible for any outstanding debts on the property unless they have agreed to assume these debts as part of the purchase agreement. However, it is important to perform due diligence and investigate the financial history of the property before making a purchase, as debts or liens on the property can affect the property’s value and the ability to sell the property in the future.


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