Doha: The Real Estate Regulatory Authority (Aqarat) has hosted the 2nd forum for real estate developers as part of its efforts to enhance cooperation and coordination with real estate developers, listen to their opinions and suggestions to develop services, discuss the status of the real estate sector and its developments, as well as activate laws and legislation to stimulate and regulate the sector, improve performance, and advance the real estate system in the country in line with Qatar National Vision 2030.
According to Qatar News Agency, Chairman of the Real Estate Regulatory Authority, Eng. Khalid bin Ahmed Al Obaidli, highlighted in a statement on this occasion the pivotal role of the forum in consolidating the partnership between the Authority and real estate developers and enhancing the attractive investment environment by regulating the sector and developing its services, in addition to activating legislation and laws that contribute to the advancement of the real estate sector.
He considered the forum 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 opinions and experiences between various parties concerned with the real estate sector.
For his part, Director of Licensing Affairs at the Authority Eng. Mubarak Al Nuaimi 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 escrow account.
He mentioned the most prominent initiatives launched by the Authority, such as the real estate investment map and automation of services, noting the Authority's vision regarding organizing the third edition of the Qatar Real Estate Forum, 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 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 forum discussed the challenges and proposals presented by real estate developers during the first edition, as 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.
The initiatives discussed at the forum come within a comprehensive strategy adopted by the Real Estate Regulatory Authority (Aqarat) to develop and modernize the legislative and legal framework of the real estate sector in a way that 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.