Bahrain Attracts Record Gulf Investors, Emirati Ownership Surges Sevenfold

TDT | Manama

Email: mail@newsofbahrain.com

Recent statistics reveal a remarkable 94% increase in the number of Gulf nationals owning properties in the Kingdom of Bahrain between 2022 and 2023, bringing the total to 2,407 individuals.

According to data published on the open data platform, 1,167 Gulf nationals purchased properties in Bahrain during 2023. This figure marks the second-highest number of property owners in Bahrain’s history, following 2017, which saw 2,845 Gulf nationals owning real estate in the Kingdom.

The most significant increase was among Emirati nationals, whose ownership surged nearly sevenfold from 104 in 2022 to 812 in 2023. Of these, 708 Emiratis acquired properties last year.

Notable rise

Qatari nationals also experienced a notable rise, with their number increasing from 117 in 2022 to 187 in 2023, as 70 Qataris purchased properties in Bahrain during this period. Additionally, the number of Saudi citizens who bought properties last year rose by 124, bringing the total to 719. Kuwaiti nationals followed closely, with 247 new property owners, resulting in a total of 656 Kuwaitis owning real estate in Bahrain.

Omani nationals also contributed to the growth, with 18 Omanis purchasing properties in 2023, increasing the total number of Omani property owners in Bahrain to 33. In terms of percentages, Emirati nationals ranked first among Gulf property owners in Bahrain, comprising 33.7% of the total.

They were followed by Saudi nationals at nearly 30%, Kuwaitis at 27.3%, Qataris at 7.8%, and Omanis at 1.4%. These statistics underscore the growing interest of Gulf nationals in the Bahraini real estate market, reflecting the kingdom’s appeal as a destination for property investment.