Bahrain recently launched Aqari Data Bank, a real estate data bank platform. This is one of many electronic services launched by the Kingdom. real estate regulator (Lera).
Aqari Data Bank is an artificial intelligence (AI)-powered platform that provides real estate agents with all the necessary information about the sector.
Real estate information
Deputy Prime Minister Sheikh Khalid bin Abdullah Al Khalifa. His Excellency Sheikh Salman bin Abdullah Al Khalifa, Director-General of Surveying and Land Registration Board (SLRB); Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy; Several ministers, government officials and heads of real estate companies attended the launch.
The Deputy Prime Minister said the launch of the Akali Platform reflects the foundations of good governance on which government activities are based. Additionally, the launch of Aqari will help strengthen integration between government agencies and strengthen strategic planning.
Aqari is part of RERA’s efforts in digital transformation in line with Bahrain’s National Real Estate Plan (2021-2024). We aim to create a sustainable real estate sector and transform the industry into a positive engine of growth.
real estate development
Meanwhile, Sheikh Khalid bin Abdullah stressed that keeping pace with developments in the real estate sector will help Bahrain align with international best practices. Therefore, continuous efforts are needed to modernize and develop this field. This is particularly important as the real estate sector makes a vital contribution to Bahrain’s economy and non-oil GDP.
He also emphasized the importance of integrating advanced technology to serve customers. Therefore, Aqari aims to facilitate the user experience by adhering to the principles of disclosure, clarity and transparency. This will increase their confidence and enable them to make sound decisions. This is critical as Bahrain seeks to provide a sustainable and flexible environment that fosters domestic and foreign investment.
Read: What is RERA Rent Calculator and how to use it?
The importance of Akali
The launch of the first phase of the platform is a progressive step in the digital transformation of this sector. Aqari marks a new phase in real estate operations based on comprehensive data and information. To create a level playing field for investors, Aqari provides accurate and transparent information to everyone.
Proper use of Aqari can help improve the success rate of real estate projects. It will also be of great importance for developers and brokers in reducing the level of risk and increasing the profits of their projects. Therefore, it will contribute to the success of real estate projects, achieve growth in the real estate sector and further contribute to the overall production of Bahrain’s economy.
Furthermore, Aqari aims to achieve sustainability in the real estate sector by providing information and making it available to everyone. This will enhance effective decision-making and enable a sustainable real estate system.
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