Real Estate Bahrain introduces real estate data service for investors By Divsha Bhat December 27, 2023, 2:54 PM Reuters/Hamad I Mohammed Aqari Data Bak will provide investors with data on Bahrain's real estate sector Property valuations Interactive maps Information on transaction volumes Bahrain’s Real Estate Regulatory Authority has launched an online service providing investors with data on the kingdom’s real estate sector. Aqari Data Bank uses artificial intelligence to give up-to-date information on transaction volumes, property valuations, land classifications and the locations of commercial complexes, healthcare facilities and educational institutions. The subscription-based platform provides interactive maps and a directory of real estate professionals. Bahrain’s economy expands 2.5%, fuelled by non-oil sector Investcorp buys 50% of Corsair’s $5bn infrastructure business A moment of calm after two hectic years for UAE real estate Sheikh Mohammed bin Khalifa Al Khalifa, Real Estate Regulatory Authority’s chief executive officer, said the service will help the kingdom to achieve “transparency for all investors and traders in the real estate sector… which will raise the level of investor confidence and attract investments”. Bahrain’s real estate market has seen moderate growth this year, helped by initiatives such as permitting foreigners to own property in designated areas, and new tax incentives, according to Knight Frank. Real estate transactions increased by 5 percent in the first nine months of 2023 and the overall value of transactions rose almost 2 percent to BHD 814 million ($2.16 billion). Data released this week by the Information and eGovernment Authority shows that Bahrain real estate activities rose 5.4 percent year on year.
