Housing market of Bahrain is reviving after the recession of 2010-2011. After the 50% drop in prices, the rates have risen 50 to 80% during 2012 showing stability with a slow increase tendency at the beginning of 2013.
New compounds have come up recently in Hamala Avenue ( Northern Governorate, North West region of Bahrain):
We would like to ensure Expatriates and Businesses that Bahrain stays a very safe and stable location, no reason to worry about local unrests as they do not by any means affect daily life of the Expats, no one can deny the fact that Bahrain is so lenient and westernized while giving an opportunity to the families of assignees to mix with all types of cultures and nationalities. To maintain the safety, the government has taken an increased security measures with more check points created in certain places for safety reasons. With the US Navy Base presence and close proximity to KSA more and more Expatriates are choosing to live in Bahrain while some of them have work in Saudi Arabia.
Saudi Arabia is one of the most different and challenging destinations for Expatriates to relocate to. Not only the culture and customs are affecting the stay of the families in KSA but also a very tight housing market with long waiting lists, soaring rental prices and non-negotiable leases.
Rental prices in Jeddah have increased 10% to 30% based on the compound, quality of the villas and number of bedrooms as compared to 2012. Please be prepared that your assignees will face waiting lists while applying to Schools, hence early application is recommended. We expect opening of a new branch of Choueifat School in Jeddah in May, this might resolve situation with School places availability to some extent.
In Riyadh 6 new / renovated compounds have disclosed immediate availability with annual prices:
Availability stays challenging, the best compounds still have long waiting lists in place.
For any inquiries please contact Elena Danilova, email@example.com