Bahrain: RERA suspends Golden Gate project’s license for three months

Bahrain: RERA suspends Golden Gate project’s license for three months

Thursday, September 10, 2020

photo for illustrative purpose only

The Real Estate Regulatory Authority (RERA) yesterday issued an edict, temporarily suspending the license granted to the Golden Gate project's developing company, GG Developers SPC, for three months.

Based on the provisions of Law 27/2017 promulgating the real estate sector regulations, the decision, which takes immediate effect, was taken as a result of the violations committed by the developer.

The decision aims to preserve the unit buyers' funds, and ensure the smooth progress of the Golden Gate project, RERA said.

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