Real Estate Investment in Bahrain Boosted

The real estate investment market in Bahrain has received a significant confidence and financial boost in the form of an eighty six million dollar investment commitment from Abu Dhabi Investment House (ADIH).

Abu Dhabi Investment House announced their significant financial commitment to the real estate investment sector in Bahrain today at a press conference where they outlined details of their plans for the development of 600,000 square feet of prime land on the iconic Amwaj Islands project in the Kingdom of Bahrain.

The Amwaj Islands are artificial islands located off the coast of Muharraq on land reclaimed for development predominantly by Bahrain based Ossis Property Developers.  Ossis have sold the 600,000 square feet of lagoon front land to ADIH for the mixed use development of retail and commercial property.

Commenting on the broad real estate investment potential that exists in Bahrain today, the CEO of Abu Dhabi Investment House Rashad Janahi explained that his institution closely monitors locations for investment potential before committing capital to a project so that the institution’s investors will maximise returns.  Naturally enough the commitment of the financial institution to this specific project in Bahrain has boosted general investor confidence in the property investment sector in this Middle Eastern country.

Property investor confidence in Bahrain was already riding high following the March 28th announcement by the Economic Development Board chief executive at the London Banking on Bahrain conference that the economy in Bahrain is so strong and economic dependence on the oil sector is the lowest of all Gulf states that the Kingdom expects significant account surpluses at the end of the year.

As projects like the Amwaj Islands development come on line to boost the tourism market in Bahrain, this will have the effect of further expanding Bahrain’s economy and strengthening the country for the long term.

The Amwaj Islands project in particular will likely enjoy further overseas investment and commitment following on from ADIH’s eighty six million dollar straight investment.  And the Islands have already received strong critical acclaim especially from international commercial property investors as it is the first development in the Kingdom of Bahrain to allow for the foreign leasehold of real estate units.

All in all real estate investor confidence in investment property in Bahrain is riding high.

Special Reports: Property News for Bahrain

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