Law

Law No. 27 of 2017.

Law No. 27 of 2017 (Real Estate Sector Regulation Law, issued 27 Jul 2017), created RERA; repealed Law 28/2014 on Real Estate Development. Off-plan sales need a RERA project licence and registration in the Off-Plan Sale Projects Register; developer escrow account with a CBB-licensed bank trustee, protected from developer creditors; a retention held for 1 year after handover; notation of the project on the land register.

Related

Sources: lloc.gov.bh · slrb.gov.bh