Minister of Municipality launches Real Estate Regulatory Authority Strategy

HE Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality, launched the Real Estate Regulatory Authority’s (Aqarat) Strategy this week, which aims to reinforce Qatar’s position as a leading destination for real estate investment, in line with the Third National Development Strategy 2024-2030.

Speaking at the launch ceremony, Eng Khalid bin Ahmed Al Obaidli, Chairman of Aqarat, emphasised that the strategy embodies the leadership’s vision for economic diversification and sustainable development while fostering an attractive environment for real estate investment.

Eng Al Obaidli said: “Qatar possesses exceptional infrastructure across the transportation, communications and logistics sectors, making it an ideal destination for investors and families.” He noted that the strategy will further strengthen the real estate sector’s position as a cornerstone of Qatar’s national economy, supporting the broader goals of its National Vision 2030.

To implement this strategy, five fundamental pillars have been identified. The first focuses on developing a comprehensive national real estate plan and introducing policies that promote sustainable development while meeting both domestic and international market demands. The second pillar focuses on strengthening regulatory frameworks through several key initiatives, which include establishing a licensing committee, creating a transparent real estate development registry, implementing an escrow account system and activating the Dispute Resolution Committee.

Professional service enhancement forms the third pillar, aiming to elevate industry standards through improved real estate valuation governance and the introduction of internationally aligned licensing and classification frameworks for industry practitioners. The fourth pillar embraces digital transformation, focusing on streamlining processes through advanced digital platforms and initiatives that improve transparency and data accessibility.

The fifth pillar concentrates on boosting real estate investment, with the goal of cementing Qatar’s reputation as a leading destination for investment and family living. This will be achieved through organising both local and international real estate forums and showcasing the country’s investment opportunities on the global stage.

Through this strategic launch, Aqarat reaffirms its unwavering commitment to developing Qatar’s real estate sector. The initiative represents a significant step toward establishing Qatar as a leader in the global investment landscape while fostering an environment that promotes sustainable business growth and long-term prosperity.