Bahrain’s real estate market booms: Transactions up 13% in first quarter of year | THE DAILY TRIBUNE | KINGDOM OF …

Bahrain’s real estate market booms: Transactions up 13% in first quarter of year | THE DAILY TRIBUNE | KINGDOM OF …

TDT | Manama     
The Daily Tribune – www.newsofbahrain.com
Real estate transactions in the Kingdom of Bahrain have surged by 13 percent in the first quarter of this year, as revealed by the Real Estate Regulatory Authority (RERA) through its inaugural market report for Q1 2024 on the Aqari platform.
This comprehensive document offers a wealth of data, insights, and statistics on the Kingdom’s burgeoning real estate development sector, tailored for developers, investors, real estate professionals, and policymakers.
H.E. Shaikh Mohammed bin Khalifa Al Khalifa, CEO of RERA, highlighted the importance of the Aqari platform in showcasing Bahrain’s commitment to developing state-of-the-art systems and adopting modern technologies, including artificial intelligence, across various sectors, particularly the promising real estate sector.
He emphasised that the report, published quarterly on the Aqari platform (aqari.rera.gov. bh), would serve as a reliable source for tracking key real estate indicators and trends.
This initiative aligns with RERA’s role as the primary source of accurate data and statistics on the Kingdom’s real estate development sector.
It also supports the objectives of the National Plan for the Real Estate Sector (2021–2024), aiming to achieve a sustainable real estate sector that acts as a positive driving force for other economic sectors.
The Q1 2024 report highlights several key real estate