Participants during the second forum for real estate developers.
Doha, Qatar: The Real Estate Regulatory Authority (Aqarat) hosted the second forum for real estate developers on Monday which aimed to enhance cooperation and coordination between the Authority and real estate developers and discuss the status and developments in the real estate sector as well as activate laws and legislation to stimulate and regulate the sector.
This forum comes within the framework of the Authority’s efforts to enhance direct communication with real estate developers, and listen to their opinions and suggestions to develop services, improve performance and advance the real estate system in the country in line with Qatar National Vision 2030.
The forum witnessed the participation of Eng. Khalid bin Ahmed Al Obaidli, Chairman of the Real Estate Regulatory Authority and a large number of real estate developers and executive directors of major real estate development companies in the country in addition to an elite group of experts from inside and outside the State of Qatar.
Chairman of the Real Estate Regulatory Authority Eng. Khalid bin Ahmed Al Obaidli
On this occasion, Eng. Khalid bin Ahmed Al Obaidli, Chairman of the Real Estate Regulatory Authority, expressed his happiness at organizing the second edition of the forum, stressing its pivotal role in consolidating the partnership between the Authority and real estate developers and enhancing the attractive investment environment by organizing the sector and developing its services in addition to activating legislation and laws that contribute to the advancement of the real estate sector.
He said: “The forum is an exceptional opportunity to enhance cooperation between the public and private sectors to achieve sustainable development in the real estate sector and meet the needs of the growing market, as well as enhance cooperation and exchange of views and experiences between various parties concerned with the real estate sector.”
For his part, Eng. Mubarak Al Nuaimi, Director of Licensing Affairs at the Real Estate Regulatory Authority, gave a detailed presentation of the most prominent strategic initiatives adopted by the Authority, reviewing the progress made in the initial registration of real estate developers, which aims to organize and document real estate development work, in addition to establishing the Licensing Committee and activating the guarantee account.
Al Nuaimi reviewed the most prominent initiatives launched by the Authority such as the real estate investment map and automation of services. He also reviewed the Authority’s vision regarding organizing the third edition of the Qatar Real Estate Forum 2025, which will bring together a group of experts and decision-makers at the national and international levels.
The presentation also addressed the mechanisms for activating real estate development dispute resolution committees to ensure the speed and efficiency of resolving disputes in the sector, in addition to reviewing the real estate development journey, starting from obtaining the necessary licenses and classifications to digitizing the investor’s journey, which contributes to enhancing transparency and attracting foreign direct investment.
The challenges and proposals presented by real estate developers during the first forum were addressed and these issues are currently being studied and action plans are being developed to deal with and resolve them in cooperation with the relevant authorities in order to develop the real estate sector.
It is worth noting that these initiatives discussed in the forum come within a comprehensive strategy adopted by the Real Estate Regulatory Authority - Aqarat to develop and modernize the legislative and legal framework for the real estate sector which contributes to enhancing its growth and sustainability and achieving the highest standards of efficiency in the real estate market in line with the Third National Development Strategy.
