Seef District, North Juffair among ‘most expensive real estate zones’

Real estate in the Seef District and Al Fateh (North Juffair) top the list of most expensive properties in the Kingdom, it has emerged. A recent report showed that properties in the Capital Governorate are also among the most expensive. This also includes areas like Zinj and Mahooz, especially lands in the residential area, as the demand for them is very high.

As for the cheapest lands offered for sale this year, villages of the western area such as Sadad and Damistan tops the list. Bahrain Real Estate Society President Nasser Al Ahli said that the prices of lands in residential areas had been noticeably soaring in 2018. Mr Al Ahli commented that social housing projects have contributed to the stability of residential lands, pointing out that more investors and developers are interested in investing in such projects.

He said this has made real estate transactions more stable and profitable. The expert, however, said the local real estate market is now quiet and that the prices of most of the lands in residential areas haven’t changed except some of the areas in Muharraq and the Capital Governorate. He explained that the reason for the stability in the prices of residential lands is the growth of demand for these types of lands, highlighting the need to build more social housing projects to serve citizens.