Bahrain: Real Estate Regulatory Authority (RERA) has implemented new regulations governing shared property management and anti-money laundering measures in the kingdom’s real estate sector.

The framework introduces an alternative to mandatory homeowners’ associations for future real estate projects, establishing specific legal and administrative requirements for the operation of shared facilities. The measures outline procedures for managing common areas while maintaining property rights for all parties involved.

Additionally, RERA has launched new anti-money laundering and counter-terrorism financing regulations for real estate brokers. The requirements include risk assessment protocols, identification procedures for public figures and beneficial owners, and mandatory record-keeping practices.

The regulations specify procedures for internal controls and suspicious transaction reporting, while incorporating confidentiality measures for licensed entities.

The authority has established clear guidelines for both property management and financial compliance, creating standardised procedures for Bahrain’s real estate sector.

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