A new real estate regulatory authority has been introduced in Bahrain in order to improve foreign investment in real estate.
The CEO of Real Estate Regulatory Authority (RERA), Sheikh Mohammed bin Khalifa Al-Khalifa recently revealed that the authority will be keen to improve licensing of real estate service providers and off-plan sale projects.
He said, “RERA is committed to building a stronger real estate market,” Al-Khalifa said.
“Enhancing the efficiency of the real estate sector is our primary focus, and we are confident that by safeguarding the interests of consumers, investors, brokers, developers, and all stakeholders in the market, RERA will make an important contribution to Bahrain’s economic growth and increase foreign investment.”
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