According to the results of the first three months of 2023, the interest of Russians in purchasing real estate in the Bahrain primary market tripled compared to the last three months of 2022. Russians made up 30% of the total sales. Lenta.ru, an online news source, wrote about this. They also cited a report by analysts from the Golden Brown Group agency.
The company said that many Russian customers are now looking for an alternative to Dubai. Bahrain offers them many benefits, including low housing prices and a strong financial sector.
The apartments range in size from 70 to 100 square meters. A one-bedroom apartment close to the coastline with direct access to the beach is available for purchase for $650,000.
In early February, Marina Ganova, a real estate broker with Hive Network Real Estate Agency, said that because of the earthquakes in Turkey, Russians have started to show interest in buying property in the United Arab Emirates (UAE). She predicts that demand for real estate in the UAE could increase by 200% for the entire year.
In early February, the press services of different real estate agencies reported that Russians are more interested in buying property in Georgia in 2022 than people from other countries.