Qatar’s realty sector continues to demonstrate exceptional resilience
The Peninsula
Doha, Qatar: Qatar s real estate sector is progressing at a strong pace, aligned with national goals for sustainable development, digital transformati...
Doha, Qatar: Qatar’s real estate sector is progressing at a strong pace, aligned with national goals for sustainable development, digital transformation, and economic diversification. It continues to demonstrate exceptional resilience.
Addressing the panel session entitled ‘Real Estate Policies and Legislation’ during the 3rd Qatar Real Estate Forum, yesterday, President of Real Estate Regulatory Authority (Aqarat), Eng. Khalid bin Ahmed Al Obaidli said, the legislative and legal environment is a fundamental pillar for local and foreign investors.
“We at Aqarat have sought to activate all legislation in a short period since the establishment of the Authority with the combined efforts of our partners from the ministries and concerned authorities in Qatar. We are also discussing with the heads of Gulf authorities to integrate so that these legislations are facilitated for Gulf citizens and investors in any Gulf country,” he added.
The Authority has established an artificial intelligence-powered real estate platform, through which all sales, purchase, and mortgage data are published, and the user is provided with live prices for all completed real estate transactions with ease, Al Obaidli said,
Al Obaidli further explained that modern cities such as Lusail City, The Pearl-Qatar, and Msheireb Downtown Doha, have preserved Qatari customs and traditions while providing a high quality of life for their residents.
