Two premium flats, two areas, both sitting empty not a single viewing
Two flats, two areas, both sitting empty not a single viewing. Is demand in Bahrain really this dead?
I bought a flat in Marassi Bay. Attached to the mall, private beach access, all the facilities you’d expect at that price point. I’ve been trying to rent it out or sell it and I haven’t had one single viewing. Not one. No offers, obviously.
And it’s not just the new one. I have a premium flat sea view in Juffair that was rented. The tenant moved out four months ago and it has been empty ever since. Yes, I know Juffair is oversupplied. But four months with nothing?
I keep being told these developments are in high demand. That is not what the market looks like from where I’m sitting. If units like these sit empty, the asking prices in Bahrain are simply disconnected from what people here actually pay in rent or resale value. Sellers are pricing off a brochure, not off a yield.
Honestly frustrated. Is anyone else in the same position, or am I the only one?