Bahrain Real Estate Transactions Up 6% in First Half of 2024

TDT | Manama     

The Daily Tribune – www.newsofbahrain.com

A significant increase in real estate transactions during the first half of 2024 has been recorded by the Survey and Land Registration Bureau (SLRB) in Bahrain compared to the same period in 2023.

The total value of transactions reached approximately 576 million Bahraini dinars, rising from 542.3 million dinars in the first half of 2023.

This growth was achieved through 11,559 transactions, reflecting a continued upward trend in the Bahraini real estate market.

The data shows that March 2024 was the most active month for real estate transactions, with 2,086 transactions recorded.

April saw the lowest number of transactions at 1,770, followed by February with 2,021 transactions. January and May experienced similar levels of activity, with 2,017 and 1,841 transactions respectively.

June concluded the first half with 1,824 transactions.

This positive trend aligns with the recent SLRB report on real estate trading during 2023, which indicated a total value exceeding one billion Bahraini dinars.

The total trading value from January 2023 to December 2023 reached 1,074,057,408 dinars, further illustrating the vigorous activity within the Bahraini real estate sector.