Latest news with #BD158
Gulf Insider
03-05-2025
- Business
- Gulf Insider
Bahrain: Court Orders Sale of BD 159,000 Malkiya Home in Divorce Dispute
A Malkiya home at the centre of a dispute between a divorced couple will be sold after a court ruled it could not be divided under planning laws. The decision came after the wife pushed for a public auction, with the court agreeing that neither the layout nor the zoning regulations allowed the property to be split between the two. A valuation expert assessed the property at BD158,509, granting each party a share of BD79,254.5 after settling the mortgage owed to Eskan Bank. The expert had recommended awarding the house to the ex-husband on the condition he pay his former wife her share. However, the payment never materialised, prompting the court to back the wife's call for a sale. Eskan Bank, which held the mortgage, objected to any attempt to divide the property, arguing that it would compromise its financial security. The Urban Planning and Development Authority also raised concerns over zoning restrictions.
Daily Tribune
03-05-2025
- Business
- Daily Tribune
Court orders sale of BD 159,000 Malkiya home in divorce dispute
A Malkiya home at the centre of a dispute between a divorced couple will be sold after a court ruled it could not be divided under planning laws. The decision came after the wife pushed for a public auction, with the court agreeing that neither the layout nor the zoning regulations allowed the property to be split between the two. A valuation expert assessed the property at BD158,509, granting each party a share of BD79,254.5 after settling the mortgage owed to Eskan Bank. The expert had recommended awarding the house to the ex-husband on the condition he pay his former wife her share. However, the payment never materialised, prompting the court to back the wife's call for a sale. Eskan Bank, which held the mortgage, objected to any attempt to divide the property, arguing that it would compromise its financial security. The Urban Planning and Development Authority also raised concerns over zoning restrictions.
