Gotta admire the architecture of Bahrein. It is by many things very similar to Dubai, but in a lot of ways differs. Yes, it is expensive as Dubai, but it has a lot longer tradition than the United Arab Emirates town that turned into a global sensation in quite a short period of time.
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It has sites to see, old and newly built, there are beaches, there is everything you need to have an exelent vacation. But, again, to do so, you'll need quite a lot of money (if you want to have a nice time, anyway!). If you do, enjoy.