Bahrain is considered one of the most attractive places to live in and ever since its real estate market has proved its resilience despite the huge oil slump and investors are flocking to invest in this ever growing market.
One of the kingdom’s signature developments that drove investors to book units as soon as it was launched is Saray Tower which is located in one of Bahrain’s posh area, Juffair.
Juffair area as known to many is one of the most attractive investment destinations in the Kingdom of Bahrain thanks to its central location which is extremely close to Bahrain Financial Center, Bahrain International Airport, Morgan Shopping Center as well as five-star hotels.
With the most desirable features, amenities and styles; Saray Tower is the ultimate definition of luxury living.
Saray Tower is a 29-storeys building that comprises of one and two bedrooms ready to move apartments as well as studios.
With exclusive access to first-class swimming pools, breathtaking sky garden, gymnastics and children play area; Saray Tower is the ideal destination for those looking to live a life of luxury.
By owning a unit in Saray Tower, you guarantee a full packaged living that suits you and your family.
The project is designed in a way that mixes between Mediterranean and Arabic cultures and produces a newer and fresher look that reflects the architectural progress achieved in almost all Gulf countries.
That’s not all, as Saray Tower is characterised by competitive prices without compromising on quality in terms of design, services and facilities.
Prices at Saray Tower are less than similar units in neighbouring projects by 20-25%.
The prices of a Studio apartment in Saray Tower starts from 33,500 BHD while the prices of an apartment with one bedroom in Saray Tower starts from 42,400 BHD and the two-bedroom apartment prices start from 72,000 BHD.
Each one of Saray’s Tower luxury unit is designed to meet and exceed the highest standards of aesthetics and modern construction.
Besides being an ideal destination for living, Saray Tower is also the perfect investment opportunity.
The rental yield of Saray Tower Apartments ranges from 10% to 12% per year, while the rental yield in Bahrain does not exceed 9%.
That’s not all as Saray Tower also offers immediate profit for investors looking to sell at once.
Investors, who sell immediately after the purchase, will secure a net profit of 15% to 20%.
That is because Juffair was and will always be a high demand area that many cease the opportunity to rent or own a property there, reduce by this the chances of having a vacant apartment for long periods of time.
As known by many, Juffair is a freehold area and since the majority of Bahrain’s population are expats; Juffair is considered the perfect location to own or rent a property.
In 1999, the government of Bahrain allowed expats to own properties in certain areas in Bahrain where Juffair is one of these freehold areas.
According to this, expats will not only have the right to live in the Kingdom, but they will also get a permanent residence permit so long as they own a property in one of Bahrain’s freehold areas.
And finally, after a comparative slowdown in real estate and subsequent construction activities in Bahrain, Saray Tower has come to regain investor’s confidence in the market once again.