Estater expands into Bahrain as the country's first proptech service

Estater has launched its real estate services in Bahrain to show that the country has immense potential for real estate investors.

Bahrain has welcomed the entry of its first proptech company, Estater. A real estate technology concept, the Estater app offers an intuitive platform for listing, sharing, finding or managing a property.

The app operates as an extension to Estater’s real estate advisory offering, utilizing sophisticated GIS mapping to provide market intelligence for developers, investors and financiers. Owing to its extensive regional database, the company boasts a 20 per cent market share in Kuwait and Bahrain, in addition to its flagship operations in India, a statement said.

Estater’s launch in Bahrain demonstrates the growing opportunity for real estate investment in the country. In 2018 alone, Bahrain received a record of 12 million visitors, according to Bahrain Tourism and Events Authority, contributing indirectly to growth in the real estate demand. In addition, Bahrain offers the region’s lowest operating costs, at up to 30 percent less than other GCC markets, while also guaranteeing 100 percent ownership in real estate for GCC nationals and a large number of mixed-use free-hold developments offering opportunities to foreign investors.

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