Bahrain Property Report - Market in Minutes Q1 2021  

MARKET HIGHLIGHTS

1. Close to BD 717 mn. worth of real estate transactions were recorded across Bahrain, a drop of 11% y-o-y compared to BD 808 mn in 2019, according to the latest data from SLRB and RERA.
2. A four year National Real Estate Plan 2021-2024 was revealed by RERA in March 2021 with an aim to create a coherent, secure, transparent, and sustainable real estate sector. The vision is to promote investments into the sector, to development innovative real estate enterprises and preserving the rights of all the stakeholders.
3. The Sustainable Energy Authority (SEA) has announced plans of imposing energy efficiency rating on commercial and residential properties based on their actual consumption and green credentials.
4. The government has proposed and tendered infrastructure upgrades on Al Fateh Highway to improve connectivity and ease traffic congestion. Along with upgrades to the existing flow, it will feature an overpass with two lanes for traffic from the north of Manama on Al Fateh Highway to Prince Saud Al Faisal Road in Juffair.

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