DOHA: Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah has launched a new strategy intended for boosting a thriving real estate ecosystem in Qatar.
The Real Estate Regulatory Authority - Aqarat is part of a national approach to regulate, stimulate and contribute to the development of the real estate sector in line with the Third National Development Strategy (2024-2030).
Several Ministers along with senior state officials and investors attended the launch ceremony.
Aqarat President Eng Khaled bin Ahmed Al Obaidli said the new strategy copes with the vision of the wise leadership to attain income diversification, sustainable development and a real estate investment-attracting climate.
Leveraging the country's advanced infrastructure across sectors of transportation, communications and logistics, the multi-initiative strategy is based on set of pillars including developing a national real estate plan through policies that enhance sustainable development and keep pace with the real estate market aspirations locally and internationally, fostering legislation and law enforcement through the license committee.
The pillars also include creating a real estate development registry to provide transparency, supervising the escrow account initiative, and activating the Dispute Resolution Committee.
Also among the pillars are promoting real estate investment through organizing local and international real estate forums, professionalizing services through real estate valuation governance, regulating real estate brokerage licenses in line with international standards, digital initiatives to streamline procedures and other initiatives that back transparency and facilitate data access.
