Qatar to implement new strategies for real estate development

Qatar to implement new strategies for real estate development

Qatar - The Real Estate Regulatory Authority, which will become functional within two months, will implement a slew of new strategies to ensure the development of the real estate sector and the transparency of dealings.

Speaking Qatar TV on Tuesday, Ahmed al-Emadi, director of the Legal Affairs Department at the Ministry of Municipality, said the authority will be the umbrella body combining the new strategies and policies meant for real estate development.

His Highness the Amir Sheikh Tamim bin Hamad al-Thani issued had in April issued Amiri Decision No. 28 of 2023 establishing the public authority for regulating the real estate sector. Its formation comes within the framework of implementing the real estate sector's development strategy, and the authority will work within Qatar’s general policy to organise and stimulate the real estate sector while contributing to the sector’s development.

Al-Emadi said there are seven axes concerned with implementing the authority’s policies and said these include governance of the real estate sector through the harmonisation of strategies and policies among the authorities concerned.

“The authority will be the umbrella that combines these strategies, and a real estate platform that seeks to provide data with transparency and clarity will be established,” he explained, adding that the