The President of Survey and Land Registration Bureau (SLRB) His Excellency Shaikh Salman bin Abdulla Al Khalifa said that trading in real estate in the Kingdom of Bahrain has witnessed a big jump in the first quarter of this year 2014. The total volume of trading in real estate reached BD344,358,232 (Bahrain Dinars three hundred forty-four million, three hundred fifty-eight thousand two hundred and thirty two), which represents an 80% increase compared to the first quarter of last year, 2013. This big jump is unprecedented compared to previous years.

His Excellency stressed that this growth was due to the confidence of real estate traders and investors in the Kingdom of Bahrain and the confidence of Gulf investors whose trading in real estate in the Kingdom jumped by 274%. Similarly,  trading by foreign investors increased by a staggering 173%.

His Excellency Shaikh Salman added that these results reflect the positive climate in the Kingdom of Bahrain and the effectiveness of the actions and policies of the government designed to promote the concept of the state of law and institutions. The foundation of the concept the state of law and institutions was laid by the King of Bahrain His Majesty King Hamad bin Isa Al Khalifa with the support of the Prime Minister His Royal Highness Prince Khalifa bin Salman Al Khalifa and the Crown Prince, first Deputy Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa.

His Excellency added that this leap will reflect positively on achieving more positive results and will help attract Gulf and foreign capital to the Kingdom of Bahrain and thus achieve better growth for the national economy.

The following table shows the details of real estate transactions made by Bahrainis, Gulf nationals and foreigners during the first quarter of this year 2014 compared to last year 2013:

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