Published: Apr 11, 2018

Al Tamimi & Company Support a new era by Drafting implementing regulations for Real Estate sector in Bahrain

Al Tamimi & Company (“Al Tamimi”) are delighted to have assisted the Real Estate Regulatory Authority (“RERA”) in the drafting of the implementing regulations (“Resolutions”) in line with Law 27 of 2017, Concerning the Promulgation of the Real Estate Sector Regulation Law (“New Law”).

RERA was established in October 2017 to improve real estate regulation throughout Bahrain and stimulate investment opportunities within the sector.  The Board of Directors was duly appointed with HE Sheikh Mohammed bin Khalifa bin Abdulla Al Khalifa appointed as Chief Executive Officer.

The New Law, together with the Resolutions, will provide comprehensive legislation for the real estate sector in Bahrain. The establishment of RERA creates the necessary government authority to implement the New Law, with such regulation providing greater structure to and confidence in the real estate market.

HE Sheikh Mohammed bin Khalifa bin Abdulla Al Khalifa, CEO of RERA, commented: “Al Tamimi have worked tirelessly with RERA since their appointment in drafting the Resolutions and providing their legal and regional experience. RERA looks forward to continuing to work with Al Tamimi in the years to come”.

Tara Marlow, Partner & Head of Al Tamimi’s Real Estate practice, added: “The real estate sector in Bahrain is continuing to develop and mature. We are delighted to be part of this important project and the exciting future of Bahrain’s real estate market”.

Partner & Head of Office – Bahrain, Foutoun Hajjar, added, “We would like to take this opportunity to congratulate RERA in its successful operational launch on 01 March 2018, and look forward to supporting them with continued efforts to enhance efficiency and further stability in the real estate sector”.

Foutoun Hajjar

Partner, Head of Office – Bahrain

f.hajjar@tamimi.com

Mohammed Kawasmi

Partner, Real Estate

m.kawasmi@tamimi.com

Unkar Chanian

Senior Associate, Real Estate

u.chanian@tamimi.com

 

Source: Zawya: Al Tamimi & Company support a new era by drafting implementing regulations for real estate sector in Bahrain

back Chat with us

Disclaimer: This chat service should not be relied upon as a substitute for professional advice which takes account of your specific circumstances and any changes in the law and practice. No warranty is made as to the accuracy or completeness of the information provided via this service and no liability is accepted by Al Tamimi & Company Limited, its affiliates, partners or employees for any loss arising as a result of reliance upon the information provided.

I Agree   

Kindly accept the disclaimer to proceed to a live chat.

Please choose one of the following options below:

Thank you for your inquiry. We will connect you to one of our agents now.

Thank you. Which service are you looking for?

Thank you for your interest in working with Al Tamimi & Company. Please click here to view our latest job openings.

Please click here leave a message and we will get back to you shortly.

Chat