Laws Regulating the Real Estate Sector

Decision No. (48) of 2023 amending Article One of Decision No. (43) of 2003 regarding the Ownership by Non-Bahrainis of Built Properties and Land in the Kingdom of Bahrain

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Published on the website on May 2024

Decision No. (48) of 2023 amending Article One of Decision No. (43) of 2003 regarding the Ownership by Non-Bahrainis of Built Properties and Land in the Kingdom of Bahrain

 

 

Prime Minister: 

Having reviewed Legislative Decree No. (2) of 2001 regarding Ownership by Non-Bahrainis of Built Properties and Land; 

Decision No. (43) of 2003 regarding the Ownership by Non-Bahrainis of Built Properties and Land in the Kingdom of Bahrain, as amended; 

And Decision No. (47) of 2023 regarding Granting the Platinum Entry Visa and Residency Permit in the Kingdom of Bahrain; 

And upon the submission of the Deputy Prime Minister, 

And after the approval of the Council of Ministers, 

Hereby Decides: 

Article One 

A new paragraph shall be added to Article One of Decision No. (43) of 2003 regarding the Ownership by Non-Bahrainis of Built Properties and Land in the Kingdom of Bahrain, the text of which reads as follows: 

"Holders of platinum residency, in addition to owning the properties stipulated in this Decision, may own the properties not stipulated therein, with the exception of the areas to be determined by a decision of the Minister of Justice, Islamic Affairs and Waqf after the approval of the Crown Prince, Prime Minister". 

Article Two 

Every text that contradicts the provisions of this Decision shall be repealed. 

Article Three 

This Decision shall be published in the Official Gazette and shall come into force from the day following the date of publication. 

Prime Minister 

Salman bin Hamad Al Khalifa 

Issued on: 8 Dhu Al-Hijjah 1444 A.H. 

Corresponding to: 26 June 2023 

 

 

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