The aggregator boasts 4 options of highly liquid property in Riffa for investment. The descriptions and photos are provided by reliable real estate agents and developers. Thanks to the sorting function by price, newness and popularity and flexible filters by type, size, price, construction stage and other parameters, you can quickly find the right option. To make a deal and buy a home in Riffa, contact the seller directly through the form on the site.
According to local law, foreign buyers can only purchase properties in designated freehold zones. Several projects with this status are located in the city.
The property prices in Riffa start from $299060.
The highest real estate price in Riffa is $1.9 million.
Foreigners choose the eastern part of the city predominantly, which gives access to necessary amenities and allows you to become a member of a multinational community. Views, a project designed specifically for overseas buyers, is popular.
The purchase of a property worth BHD 50,000 ($132,500) or more qualifies for a self-sponsored residence permit. To apply for a golden visa, you must invest in a home worth BHD 200,000 ($530,000) and more. It allows residency for 10 years and can be extended.
The city is characterized by rapid economic development and intensive construction. It has one of the most dynamic markets of property in Bahrain and comfortable living conditions. It has a warm climate, beaches, restaurants, stores, entertainment venues, international schools, and attractions. There are also business support programs that allow you to offset up to 50% of start-up costs.
Properties in Riffa
With an area of 41 km², the city is the second largest in the kingdom. Proximity to the international airport (15 km) and the capital (7 km), combined with developed infrastructure and access to the Persian Gulf, makes housing in Riffa attractive to foreigners. There are various types of properties available in both ongoing construction projects and the secondary market:
- studios;
- apartments with 1-5 bedrooms;
- duplexes;
- penthouses;
- townhouses;
- villas.
Primary real estate is more suitable for investment as it provides expats and tenants with a high standard of living. The new complexes have walking areas, gyms, swimming pools, parking and other amenities.
The resort is divided into several parts:
- The Eastern Cluster is a hub of local attractions such as Bahrain National Stadium and Royal Golf Club, as well as stores, cafes and restaurants. There is a Carrefour hypermarket, sports and entertainment venues Gaga Zumba Hop, Iron Man Gym, major shopping streets Bukuwara Street Market and Souk ar-Rifa.
- The western cluster is a conservative neighborhood where exclusive properties are sold. It is home to Hamad bin Isa Al Khalifa, the King of Bahrain, ministers, investors and businessmen. The location is suitable for deep integration into the local community.
The transaction with buyers from abroad is formalized according to the country's standard scheme. First, the investor agrees with the seller details and signs an agreement on the reservation of the object, making a deposit of 10%. After receiving the NOC from the local government, the main contract is concluded, and the necessary fees and taxes are paid, particularly the registration fee of 1.72% of the value.
Advantages of investment in real estate in Riffa
Investing in houses or apartments in Riffa allows you to:
- get comfortable accommodation for permanent residence or vacation;
- have access to clean beaches on the Gulf Coast;
- earn up to 11% per annum by renting out an apartment or villa;
- organize a move to a city with a rich cultural life and rapid economic development;
- increase your savings by increasing the price and resale. The demand for property for sale in Riffa among expats is growing, and now there is an opportunity to choose a project with optimal investment conditions and a good location;
- rational use of funds due to the absence of real estate tax and capital gains.
Find and buy property in Riffa
Our aggregator makes finding apartments and villas in Riffa easy and convenient. Users get access to current offers on the primary and secondary market. All listings are thoroughly checked to ensure that the information is up-to-date and reliable. Start looking for the perfect real estate for sale in Riffa right now!