Manama, Nov. 28 (BNA): According to Essam Abdulla Khalaf, Chairman of the Board at the Real Estate Regulatory Authority (RERA), allowing foreign companies to market properties in regions where foreign ownership is allowed provides a significant boost to Bahrain’s real estate industry. He pointed out that the action will contribute to a more competitive business climate, draw in top-notch investment, and enhance Bahrain’s reputation as a reliable and alluring real estate market.
RERA Chairman: Allowing global firms to market property in foreign-ownership zones boosts investment and real estate growth
He continued by saying that the decision, which was made in conjunction with Cityscape Bahrain 2025, is anticipated to attract seasoned international businesses that may boost industry expansion and increase investment inflows. This will occur under a well-defined regulatory framework intended to protect all stakeholders and guarantee industry-wide professional standards.
In order to improve sector efficiency, increase foreign participation, and boost real estate activity, Khalaf emphasized that RERA will keep developing licensing and regulatory procedures. In order to support sustainable growth that benefits investors, developers, and property owners, he reaffirmed the Authority’s dedication to improving transparency and governance.
