Bahrain: New Law to regulate the Kingdom’s real estate sector
- 07/08/201711/12/2019
- by Benjamin Filaferro
Bahrain’s King Hamad bin Isa Al Khalifa has ratified Bahrain Law No 27/2017 to regulate the Kingdom’s real estate sector. The Real Estate Sector Regulatory Law annuls Bahrain Decree-Law No. 21/1976 which regulates the vocation of property dealership. The provisions which regulate the ownership of apartments and tiers under Articles 814-843 of the Civil Law (Bahrain Decree-Law No. 19/2001). Finally Bahrain Law No. 28/2014 regarding property development has been annulled. The law supersedes any provisions which contradict the provisions of the associated law. The Prime Minister and each of the respective ministers will implement the law which comes into effect on the first day after six months from its publication date in the Official Gazette. The provisions of the first chapter of the law come into effect one month after its publication.