Regulation Guidelines for Real Estate Buyers
The article focused on the Bahrain Real Estate Regulatory Authority's guidelines to protect buyers in off-plan projects. It emphasized the importance of verifying project licenses, making payments through escrow accounts, and monitoring progress ratios. It also highlighted the need to understand future fee and service costs, ensure construction guarantees, establish delivery timelines, and verify that the unit meets the agreed specifications. The article advises against rushing to sign and stresses careful reading of contracts. Additionally, it suggests issuing a unified informational brochure that provides essential details for buyers, aiming to reduce disputes and enhance trust in the Bahraini real estate market.
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