Any passerby in the Juffair district, one of Manama’s suburbs, can’t oversee the bustling activity of real estate development in the area.
The rising demand rate on rental apartments in Juffair, especially in the residential real estate field, goes back to a number of factors featured in the area like its residential and commercial nature as it includes many shopping centers and retail shops, in addition to its brilliant location near the center of the Bahraini capital Manama. Juffair is mainly occupied by expat employees and local youth working in different business sectors in the kingdom.
The rents average in Juffair is one of the powerful factors too adding to Juffair uniqueness. A residential apartment rent in Juffair could vary between 400 and 800 BD to equate with other areas in Bahrain like Seef, Reef, and Sanabis according to the latest report issued by Cluttons.
It’s worth mentioning that the average price of a two-bedroom apartment for rent in Bahrain varies from BD 250 to BD450.
Despite that Juffair isn’t the cheapest in rental values between Bahraini areas but it maintains higher demand rates due to many advantages like proximity to hotels and recreational centers and fine residential level befits a broad sector of residents in Bahrainis.
Juffair as a part of all has many positive characteristics featured in Bahrain Kingdom like low costs of living compared to other Gulf States. A report for HSBC Bank issued last year stated that Bahrain comes first between Gulf States in terms of balance between income rates and costs of living, Oman came second, Qatar third, while U.A.E came in the sixth place.
The same report mentioned also that Bahrain occupied the fifth place between Gulf countries in the matter of rents value effect on residents’ financial situations, Oman occupied the sixth place, while Kuwait came first. The report findings reflect the proportionality of rent values to living costs in Bahrain compared to other states.
Another investigative report made by Numbeo website said that costs of living in U.A.E and Qatar are the highest between GCC Countries while costs of living is the lowest in GCC in Oman and Bahrain. Numbeo research was based on the rents rates and prices of substantial commodities in each country. Juffair enjoys, same as all other areas in Bahrain, political stability and total security which adds to its incomparable characteristics. Juffair features could be summed up to compatibility between
Juffair enjoys, same as all other areas in Bahrain, political stability and total security which adds to its incomparable characteristics. Juffair features could be summed up to compatibility between standard of living and average rents of residential units which enabled it to receive high demand rate encouraging investors to build and develop in the area.