Getting real about land deals – News of Bahrain- DT News

Getting real about land deals – News of Bahrain- DT News

One of the indicators of a country's economic health, especially in the GCC, where industrial growth is a new phenomenon, is the value of the real estate market.. In many neighbouring countries, the economic stimulus package includes specific points for the real estate sector.. We have an US$ 11.4 billion package but there is nothing specific in it for the real estate sector.. After a few false starts, Bahrain has started cleaning up the real estate market and there is a lot of transparency today in the registering, purchase and sale of real estate.. We must pay special attention to foreign investors who have chosen to invest in Bahrain real estate because it is they who are our ambassadors to the world and their experience, if it is smooth and transparent will stimulate Bahrain real estate sales for sure.. The Bahraini landowner was the guarantor for this mortgage loan.. The developer recently went bankrupt and the investors have been left high and dry by the Kingdom's legal system in their fight for what is rightfully theirs.. We cannot let such cases besmirch the fair name of our country and it is up to RERA to ensure that the law is