Bahrain: Land Prices to Increase in 2013-2014

With land prices set to increase in two or three years time,  Aaref Hejres, Managing Director of DIYAR AL MUHARRAQ, makes a case for — what he calls — the most opportune time to start developing.

Hejres explains: “I think the scarcity of land is a big factor. As you know, Bahrain being a small island, we have shortage of land. The population is increasing. Not only this, but with the location of our project in Muharraq Island, there is basically no land. That is why it is important to have that project on that side of Bahrain. So mainly it is lack of land and the demand on that part of Bahrain. In Bahrain, we are a small island with lots of population, having a house or a villa is a must. It’s one of people’s top priorities which are why everyone wants to have a house. That’s why we have huge demand and we have scarcity of land.”