اطلاق تملك الأجانب في جميع مناطق العمارات
Great! Now let me give a bit of a background:
In 1999 the King issued the single most disasterous decree in my lifetime: Decree 40 of 1999 (available on www.legalaffairs.gov.bh). Basically, it allowed all GCC citizens to own land in ALL areas of Bahrain. Imagine. All the Saudis (with love) and Kuwaitis and everyone else being allowed to buy land here. For land owners, it was a party of course. Given the size of Bahrain (juice-box) and the purchasing power of Gulfies compared to Bahrainis, land prices went throooooooough the roof. I think it is an established fact now that non-millionaire Bahrainis gave up all hopes of owning a land of their own. Then, in 2003, the PM issues an order to designate areas where foreign ownership is permitted (No. 43 of 2003). This was mostly limited to commercial areas and new developments. Fine. I encourage investment in Bahrain too.
but NOW, as if it hadn't done enough, the government issues a law that allows all foreigners to own in all residential apartment areas. The new order allows foreigners, individuals and companies, to own residential lands and built real estate in low, mid, and high-rise residential building areas (i.e. all pretty much). Nice, huh? Apparently, Bahrainis are just not to be allowed to have a roof over their heads. No land, no house, and no apartment..
Now will anyone join me in heading to Mars?