Manama: The Board of Directors of the Real Estate Regulatory Authority (RERA) in Bahrain held its first meeting of 2025, chaired by Essam bin Abdullah Khalaf, Chairman of the Board.
According to Bahrain News Agency, the meeting reviewed the latest developments in the real estate sector and assessed the market performance for 2024. Data showed a notable increase in off-plan sales project licenses, reaching eight licenses with an estimated total value of around BHD 263 million, reflecting continued growth in this sector.
Khalaf attributed the positive growth in off-plan sales projects to RERA's ongoing efforts to enhance the legislative and regulatory framework and speed up procedures. These efforts improve market attractiveness and encourage investment in the sector.
The chairman highlighted RERA's commitment to updating regulatory policies to align with market developments and support real estate developers. This will contribute to sustainable growth and increased competitiveness for local and international investors.