Bahrain Real Estate News
Work on 10 housing projects stopped temporarily -16/12/2007
The construction work on 10 housing projects has been stopped all of a sudden, due to the decision by the Constitutional Court that the Land Acquisition Law was unconstitutional, says Fahmi Al Jowder, the Works and Housing Minister.
BD1billion Township project at Duraz coast complete -16/12/2007
The reclamation work, being carried out on BD1billion Northern Town, located off the Duraz coast, is expected to be complete towards this month-end, announced officials.
Skyscrapers in Bahrain must meet the required safety standards -12/12/2007
The Interior Minister in Bahrain, Shaikh Rashid bin Abdulla Al Khalifa, while speaking to the Shura Council, emphasized that skyscrapers and high-rise buildings in Bahrain, must meet international safety measures, before they are permitted to open for business.
Banks may limit mortgage lending -12/12/2007
The Central Bank of Bahrain yesterday revealed that it plans to limit the Banks exposure to the real estate market, and plans to propose capping the value of mortgages at 25 percent of the total loans.
Bahrain to launch new BD 500mn realty firm -12/12/2007
Bahrain has announced the launch of a new real estate company, with an authorized capital of BD500m and paid-up capital of BD100mn aiming to enhance the government realty assets.
The Platinum Tower to come up in Seef Bahrain -7/12/2007
A group of GCC investors, the Pearl Development and Real Estate Company (PDREC) is likely to launch its second project, worth BD25mn in Bahrain.
Leading Kuwait property developer invests $125m in Bahrain Bay -7/12/2007
Salhia Real Estate Company (SREC), leading property developer in Kuwait, has invested $125mn in Bahrain Bay, the waterfront development.
Reef and Calyon enters into mortgage finance deal -6/12/2007
A Bahrain based real estate finance company, Reef, and Credit Agricole, Calyon, have announced the most innovative and ground-breaking transactions in the real estate finance sector of Bahrain.
Reef Island phase one construction begins -5/12/2007
Reef Island has begun the Phase one construction which comprises 14 buildings, 20 villas and 49 beach villas.
BIPEX 2007 concludes registering 25 percent increase in visitors -5/12/2007
BIPEX 2007, the biggest property Expo in Bahrain, closed down yesterday with 12500 visitors registered during the three-day show, a 25 percent increase, when compared to the last edition of the show.
Green Building norms should be made mandatory -5/12/2007
Leading environmentalist and Founder of Greenpeace Lebanon and Ambassador for Arab World of Global Footprint Network, Fouad Hamdan, is said to have stated that the sweeping Construction boom in Arab world, is weighed down by outdated and flawed construction technologies, and if this continues to progress, then soon the boom would crumble on its face, in case it fails to embrace the green mandate.
Sakana completes its maiden year of operation in mortgage business -5/12/2007
The Sakana Holistic Housing Solution, on completion of its first year, has emerged as a catalyst in the Kingdoms housing and mortgage finance market.
The Durrat Al Bahrain Marina Master Plan by Atkins approved -2/12/2007
The ‘Durrat Al Bahrain Marina has announced the approval of the master plan of the project.
Bahrain Bay to participate in MIPIM Asia -2/12/2007
Real estate firm the Bahrain Bay Development has announced its intention to participate at the MIPIM Asia, the biggest property show in the Asia Pacific region, to be held in Hong Kong from 28th to 30th November 2007.
Durrat Al Bahrain plans to introduce a new brand -2/12/2007
The largest planned luxury mixed-use residential, commercial and resort development, Durrat Al Bahrain, announced plans to launch a new brand.
DFCP assigned contract for major works on Porta Reef Island -1/12/2007
The construction contract for carrying out works on major parts of Porta Reef development has been assigned to the Dutch Foundation & Concrete Processing SPC (DFCP).
New realty firm - Tashyeed Properties - launched in Bahrain -27/11/2007
A few Bahrain-based investors have joined together to launch a new real estate company.
Sunset Hills to be ready by March 2008 -24/11/2007
Al Areen Development in Bahrain will be ready to showcase Sunset Hills comprising villas, deluxe villas and apartments, towards March 2008.
Century 21 appointed as sales and marketing agent for Juffair Views -20/11/2007
Juffair Views, a 26 storey waterfront development in Juffair, Bahrain, has appointed Century 21 Bahrain, as their sales and marketing agent.
Marina West announced as Platinum Sponsor for BIPEX2007 -20/11/2007
The first gated beachfront residential and lifestyle community of Bahrain, the Marina West, is the Platinum Sponsor of the upcoming Bahrain International Property Exhibition, BIPEX 2007, to be held in Bahrain International Convention Center from 28th to 30th November 2007.