New realty data bank on way

Plans are on the anvil to establish a ‘special bank’ loaded with information on the Kingdom’s property market. The project, the Real Estate Regulatory Authority (RERA) said, will help provide real estate statistics as well as information on Bahrain’s real estate market to investors and developers with accurate data.

The project was unveiled during a regular meeting of RERA, held yesterday. Survey and Land Registration Bureau (SLRB) President, RERA Chairman Shaikh Salman bin Abdulla bin Hamad Al-Khalifa presided over the session. The session discussed procedures to develop the real estate sector in line with the royal directives of His Majesty King Hamad bin Isa Al-Khalifa.

The meeting commended the policies of the Government chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa in applying modern procedures and enhance administrative performance. The meeting also paid tribute to His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister.