Samaher Saif Al-Yazal
The Minister of Housing and Urban Planning, Amna bint Ahmed Al Rumaihi, issued Resolution No. 950 of 2025 amending some provisions of Resolution No. 868 of 2022 regarding financial services, amended by Resolution No. 212 of 2025, within the framework of developing financing systems in a way that suits citizens’ needs and financing capabilities.
The decision stipulated the replacement of a number of articles of the previous decision, most notably Article 2, Paragraph “Third,” which allocated supplementary financing services to include two types of financing, namely restoration financing and ambitious financing, while Article 4, Paragraph “D,” specified the value of supplementary financing not to exceed 20 thousand Bahraini dinars according to the income of the applicant.
The decision also permitted, in its Article 5, Paragraph (B), the joint use between spouses of the supplementary financing service, whether for renovation or ambition, provided that their total income is within the approved limits for each type of financing, and that each of them pays its own installment unless they agree otherwise.
Article 7 clarifies the conditions for accepting applications for supplementary financing services, including that the applicant must be a Bahraini, head of a family, with full legal capacity, and that his age be between 21 and 60 years, and that he must not be in default in paying previous installments, or that he or his family have previously obtained supplementary financing.
The decision also required that the applicant or his family not own another property during the three years prior to submitting the application, with the exception of the property to be financed.
According to the decision, to finance the renovation, the applicant’s income must be between 120 and 1,200 Bahraini dinars, the family must own a share in the house to be restored as a permanent residence, and the period of use of any previous housing service must not be less than ten years.
As for ambitious financing, the applicant’s income must be between 600 and 1,200 dinars, and he must own an apartment that was purchased with previous housing financing, and ten years have passed since benefiting from that financing.
The resolution also introduced two new definitions in Article 1:
– “Ambition Financing”: Supplemental housing financing provided to those wishing to sell an apartment that was previously purchased with housing financing, with the aim of raising the financing value to purchase another property.
– “Technical Committee”: A committee formed by decision of the Minister, concerned with expressing a technical opinion regarding supplementary financing for the purpose of restoration and other related technical tasks.
