RealProp Development and Advisory WLL is a consultancy established in the Kingdom of Bahrain to advise and support companies that invest in, or develop, real estate assets in the GCC region.
RealProp was established to provide professional, trustworthy and independent real estate development and investment consultancy, as well as advice to developers, investors, financiers and other entities active in the GCC real estate market.
RealProp's client base consists of organisations that recognise the value of deep subject-matter expertise and the high-value multiplier that such expertise can create on real estate investments.
Realprop is your trusted partner to navigate the many challenges that arise when translating your ideas, needs or plans into successful and functional real assets.
Every new venture must be founded on strong fundamentals. We help you build a strong business case for your proposed development, based on:
• Market studies and opportunities analysis
• Due diligence reviews
• Highest and best use analysis
• Development and exit strategies
• Project definition, design briefs and key success factors
• Project scope, gross floor areas, sellable and leasable areas
• Project costs, forecast income and risk quantification
• Financial feasibility studies and ROI
Larger projects and joint ventures may require a project SPV. We can direct the establishment, set-up and running thereof, including:
• Policies, procedures and processes for development, project management, procurement and sales
• Contract suites and document templates
• Reporting structures and formats
• Organization charts, job descriptions and recruitment support
• Development strategy and procurement plans
• Procurement of specialists, studies, consultants and contractors
For many new real estate projects, a great design is essential and elusive. We have proven experience in getting the right balance:
• Iconic (where required), 'Wow' factor and place-making design elements
• Efficient, effective design that maximizes income
• Spending money where it counts, and saving where it doesn't - value engineered design
• BOH areas, servicing flows and operational efficiency
• MEP services design trade-offs, and minimized running costs
• Sustainability inputs
Either directly or as your representative, or by providing strategic direction and oversight to your in-house team, we help ensure:
• Auditable and value-driven procurement
• Effective design reviews, audits and value engineering exercises are carried out
• Effective contract administration and performance management of all consultants and contractors
• Clear reporting and timely communication
• Control and management of time, cost and quality
• Orderly management of completion, handover and start-up of the operational phase
Many existing real estate assets can yield higher returns if ways can be found to increase efficiencies and income, or reduce costs. We will review your property to determine whether such opportunities exist:
• Market studies and opportunities analysis
• Layout and systems efficiency analysis and reviews
• Property expansion studies and scoping
• Project costs, forecast income and risk quantification
• Financial feasibility studies
We provide specialist technical advisory to real estate investors and funders, such as banks, REITs, family offices and others:
• Asset valuations and reviews
• Technical and commercial due diligence studies
• Asset management performance and reviews
• Exit strategies
• Oversight of funded projects
Retail projects, either new or operational, need to manage the entry into the property of their greatest asset - tenants. We have extensive experience in:
• Preparing fit out manuals, requirements and regulations
• Managing and controlling tenant designs and fit out works
• Bringing tenant fit outs to completion, with a successful opening
• Lease agreement suits
• Claims reviews and support, including negotiation
• Strategic advice, strategy formulation and market assessment for contractors, consultants and developers in Bahrain or the GCC
• Full technical, architectural and operational design reviews for retail master plans and commercial projects
