BD149.679mln allocated to 2,322 new housing applicants

TDT | Manama

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A total of 2,322 new applications have been approved under Bahrain’s Housing Finance Programme by the third quarter of 2025, with a total financing value of BD149.679 million, Her Excellency Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, affirmed. Since the programme’s launch in 2022, more than 18,000 applications have been received, of which 10,504 have been approved, with disbursed financing reaching BD630.139 million as of the third quarter of 2025.

“The Tas’heel Aqari (Real Estate Facilitation) option remains the most popular among beneficiaries, reflecting citizens’ growing confidence in instant housing financing,” Al Rumaihi noted. The Minister highlighted that 81% of financing applications were transferred from traditional housing services to the programme’s instant financing options.

Demand

She added that the recently launched Tas’heel + option, introduced in April 2025, has also seen strong demand, with over 600 applications submitted so far.

The programme offers increased financing ceilings of BD81,000 and BD91,000 under two repayment plans, alongside a fixed monthly installment not subject to periodic adjustments. “This approach encourages citizens to take confident steps toward purchasing suitable homes while ensuring financial sustainability,” Al Rumaihi said.

Al Rumaihi commended the cooperation of commercial banks and real estate developers, which has contributed to rising demand for the financing options. She also highlighted the role of the Bayti real estate platform, which streamlines the process by providing an integrated digital experience — from virtual property tours to booking, down payment, and financing completion.

Initiatives

The Minister further underscored the importance of Government Land Development Rights Projects in boosting interest in housing finance programmes, citing successful initiatives such as the Suhail Housing Project in Al Lawzi, Al Naseem District in Salman City, Al Wadi project in Al Buhair, Hoora Sanad project in the Southern Governorate, and the Khalifa City project providing over 3,000 housing units, along with other Housing Bank initiatives.

Al Rumaihi concluded that applicant numbers and beneficiaries are expected to rise further in Q4 2025, driven by growing citizen demand for instant financing options and the expansion of public–private partnerships offering affordable housing tailored to the needs of Bahraini citizens.