The Survey and Land Registration Bureau (SLRB) reported a 23% increase in the volume of real estate trading for the first quarter of 2024. According to recent statistics, the real estate sector has seen an increase in the demand for property purchases, such as apartments in residential towers, houses, lands and buildings across the four governorates, mainly the Capital Governorate. During the first quarter of 2024, 2,530 sales transactions took place at a value of of BD 393,183,257. In 2023, 2,242 sales transactions took place at a value of BD320,060,693. During the first quarter of 2023, the value of real estate trading for citizens of Bahrain was BD 287,576,049, while in 2024 it amounted to BD 355,794,712. The Gulf Cooperation Council (GCC) citizens' trading in 2023 was BD15,427,274, while in 2024 it has reached BD 15,055,907. Foreigners' trading in 2023 was BD17,057,371, while in 2024 it reached BD 22,332,638. Basem bin Yaqoub Al Hamer, President of the SLRB, said the figures of the first quarter 202 4 indicated the vitality of the real estate sector and its capabilities in contributing to supporting other key development sectors. Al Hamer noted the SLRB's commitment to continuing to advance its work mechanisms to adapt to changes and contribute to the growth of the real estate sector in Bahrain and boosting its competitiveness and fostering a conducive and sustainable investment environment. Source: Bahrain News Agency
Related Posts
10 Palestinians Martyred, Others Injured in Israeli Shelling on Northern, Central Gaza
10 Palestinians, including children, were martyred, and others were injured Friday in Israeli shelling and artillery attacks on the northern and central Gaza Strip.
The Palestinian News Agency (WAFA) reported that the bodies of four martyrs from one…
World Bank: Infrastructure damage in Gaza exceeds $18 billion
Washington – Together – A new joint report by the World Bank and the United Nations, prepared with financial support from the European Union, estimated that the cost of damage to buildings and vital infrastructure in the Gaza Strip is approximately $1…
Shura Council Second Deputy Chairperson opens parliamentary youth simulation session
Manama, Dr. Jehad Abdullah Al Fadhel, Second Deputy Chairperson of the Shura Council, inaugurated a parliamentary simulation session as part of the seventh edition of the Young Parliamentarian Program 2024. The event, held under the patronage of Ali b…