Cabinet approves draft Amiri resolution to establish the Real Estate Regulatory Authority – The Peninsula

Cabinet approves draft Amiri resolution to establish the Real Estate Regulatory Authority – The Peninsula

Doha: HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani chaired the Cabinet's regular meeting held at its seat at the Amiri Diwan on Wednesday.

Following the meeting, HE Minister of State for Cabinet Affairs Mohammed bin Abdullah Al Sulaiti issued the following statement:

The Cabinet considered the topics on its agenda as follows:

First - Approval of a draft Amiri decision establishing the Real Estate Regulatory Authority.

The preparation of the draft decision comes within the framework of implementing the real estate sector development strategy, and this authority aims - within the framework of the state's general policy, to organize and stimulate the real estate sector, and contribute to its advancement. In order to achieve its goals, the authority must exercise several tasks and competencies, including:

- Preparing a national plan for organizing and motivating the real estate sector to implement the strategy and general policy regarding this vital sector, taking into consideration the economic and social development plans of the state, and implementing them after their approval.

- Collecting, updating and analyzing data, information and statistics related to organizing and motivating the real estate sector in the state, so that the authority can become a main source for