Aqarat reforms to boost real estate sector in Qatar

Post by : Omar Nasser

Qatar’s Real Estate Authority has started using new rules to make the real estate market stronger and fairer. This new law, which was made in 2014, is now fully active. This move is part of Qatar’s big plan to grow in a smart and long-lasting way, as outlined in the Qatar National Vision 2030.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel  

Engineer Khalid bin Ahmed Al Obaidli, the head of the Real Estate Authority, spoke to the press and said this step is important. He explained that the new rules will help make everything clearer, protect the rights of people buying and selling, and follow the best practices used around the world.

With these new rules, the Authority will begin checking and registering real estate builders for the first time. It will also form special teams to give licenses and solve any problems. There will also be new, easy rules for handling the money saved for building projects, in partnership with the Qatar Central Bank.

Engineer Al Obaidli said the Authority will carefully check who can build and how they do their work. It will make sure all projects follow the rules and are done safely and fairly for everyone.

At the press meeting, the Authority also signed agreements with a big company and a bank. This will help the government and private businesses work together better. The head of the company said he supports the new changes and believes they will help build more trust between builders and investors. A leader from the bank said they are the first bank in Qatar to offer a special account for real estate projects under the new rules. This will keep things safe and clear for people who invest.

Engineer Al Obaidli finished by saying that they are not only building buildings but also creating a strong and better future for Qatar.

#trending #latest #QatarRealEstate #QatarVision2030 #SustainableGrowth #RealEstateReforms #InvestmentClimate #Transparency #QatarDevelopment #RealEstateRegulations #PublicPrivatePartnership #QatarNews #QatarBusiness #SustainableDevelopment #Innovation #RealEstateIndustry #QatarEconomy #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai