What is RERA?

Mar 21, 2019
What is RERA?
What is RERA?
Mar 21, 2019

On March 1st 2018, the Real Estate Regulatory Authority (RERA), was officially formed.

Under the vision of His Royal Highness Prince Salman bin Hamad bin Isa Al Khalifa, the Crown Prince Deputy Supreme Commander and First Deputy Prime Minister, RERA will:

  1. Promote economic growth and investment in Bahrain;
  2. Deliver effective and fair regulation in the real estate market and
  3. Protect the rights and create a better life for every Bahraini.

The inception of RERA has been welcomed by the public, investors and developers alike since RERA offers protection to investors, homeowners and developers. 

Another key role of RERA is to ensure that the real estate market in the Kingdom of Bahrain meets international best practice standards, maintaining the highest standards of professionalism and transparency.

 Dalal Binhijji, Property Advisor of Bin  Faqeeh was quoted as saying…

“The Kingdom of Bahrain’s real estate market continues to thrive.  Following the Government’s continued investment in the economy and growing sectors such as Leisure and Hospitality, Financial Technology and from organisations, such as Amazon,  the demand for real estate in Bahrain is only growing.  RERA’s formation will help provide stability and confidence to real estate investors and homeowners from across the globe.”

Bin Faqeeh is officially licensed by RERA (D201803/0005) and welcomes it’s input in the real estate market in the Kingdom of Bahrain.

For those wishing to learn more about RERA please visit www.rera.gov.bh or to learn more about the range of projects available with Bin Faqeeh, contact us on 38000002.

 

 

 

 

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