Bahrain's Real Estate Regulatory Authority (RERA) has issued an edict suspending the license given to GG Developers SPC, the developer of Golden Gate project, due to the violations it committed.

Prime Minister Khalifa bin Salman Al Khalifa issued edict 4/2019 amending some provisions of the Real Estate Registration executive by-law issued in law 13/2013 of edict 10/2016.

The judicial Committee for the Settlement of Stalled Real Estate Projects decided to hold an auction for Amwaj Gateway, a stalled real estate project auction, on December 10, 2018, after decreasing the setting price to 17.500.000 BD.

Golden Gate Company launched a $212 million real estate project. The project is expected to be completed in 36 months as the piling work has already kicked off after the soft launch a few weeks ago.

The judicial Committee for the Settlement of Stalled Real Estate Projects decided to hold an auction for Amwaj Gateway, a stalled real estate project auction, on November 22, 2018. The auction will be held in Justice Affairs and Endowments Ministry headquarters, after decreasing the setting price from 36 million BD to 17.500.000 BD.

Akhbar Al-Khaleej daily said that it anticipates an increase in the rental prices and housing units by 20% once the VAT is implemented.